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Expect pressure on banking sector; FIIs may continue selling in Q1CY22: Avendus
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Expect pressure on banking sector; FIIs may continue selling in Q1CY22: Avendus
Dec 28, 2021 4:52 AM

Andrew Holland, chief executive officer of Avendus Alternate Strategies, on Tuesday, said that foreign investors may continue to sell in Q1 of CY22 (the calendar year 2022) as well.

On banking space, he expects to see some pressure on the sector. “I am focusing more on the asset management companies, insurance companies and that’s where you are going to get the best returns in 2022,” he said.

Talking about new-age companies, Holland said that there is a lot of value in these companies and one can start dipping in carefully.

Also Read: Storyboard18 | 2022 - Definitely, Maybe: Premium tipple trends and rise of women consumers

On the Indian equity market, he said, “There is going to be plenty of opportunities to make money in the Indian market and themes like hotels, leisure, insurance, AMCs; digitization is going to have a huge impact across different industries. 5G-6G coming, therefore, the telecom companies and that can be an outperforming sector.”

Also Read: Record IPOs, massive money in 2021; experts evaluate what's lined up for 2022

For the entire interview, watch the video

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