“Metals and mining and commodities have always been tactical play for us rather than a very secular long term structural stories,” says Vaibhav Sanghavi, Co-CEO of Avendus Cap Alt Strategies.

“At this point in time, we do think that the commodities and the base metal prices are buoyant and that should get reflected further into the stock prices and thus we are moving tactically a little positive.”

“There is one space which we think there is some amount of opportunity further left is probably utilities to an extent where the valuation currently looks pretty decent and given approach by the government in terms of energy reforms my sense is that is the space which is still unexplored,” Sanghavi added.

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(Edited by : Abhishek Jha)

First Published:Nov 26, 2020 1:32 PM IST