Jyotivardhan Jaipuria, Founder and Managing Director of Valentis Advisors, discussed fundamentals of the market.

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“We will probably end FY21 with 10 percent plus earnings growth. The fundamentals have surprised positively and hopefully we are at a start of a multiyear earning cycle which probably leads to earnings doubling over the next three-four years,” he said.

In terms of sectors, cement and autos are the big themes. “We have moved into cement and auto ancillaries which we think will benefit from the recovery in the earnings side. We also have some early stage capital goods companies, which will gain from the government spending which happens. We are buying some of those plays to play the capex recovery otherwise cement and autos are the big themes we are playing,” he said.

He believes IT will still grow. “One can still buy the IT names, it has kept growing and it will continue to grow,” he mentioned.

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(Edited by : Aditi Gautam)