Rohit Srivastava, Founder & Strategist of Indiacharts.com on Wednesday said that he expects PSU stocks to remain in focus.
“We have strength in sectors like PSUs. So, at least from a one-month perspective and running into the Budget and after, I will look at public sector stocks as one segment that I would want to be in because they are in early stages of a turnaround, getting interest back because of divestment. So momentum there may actually continue,” he said in an interview to CNBC-TV18.
Srivastava is also positive on metals and expects it to continue to do well. “The other sector which we have been positive on for 8-9 months is metals. So metals because of the falling dollar, the emerging markets trade doing pretty well – that is a trend that is not over. I think it is something that is going to go on for couple of years,” he said.
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(Edited by : Abhishek Jha)