July 30, 2024 / 01:56 PM IST
Expect market conditions to improve in coming years: Antu Thomas, Senior Research Analyst, Geojit Financial Services
The broad market valuations are currently high, but sectors with strong growth prospects, such as manufacturing, electronics, IT, renewables, healthcare, e-commerce, infra, agriculture, and consumption, remain attractive. Some areas are expensive, so it is crucial to focus on stock fundamentals, avoid overvalued stocks, and adopt an accumulation strategy.
Targeting specific stocks and sectors is advisable. To achieve better returns and ensure safety, consider rotating out of recent outperformers and shifting to value sectors, as overall market conditions are expected to improve in the coming years.
Further, the improvements in rural areas, agriculture, and government expenditure are anticipated to benefit sectors connected to the domestic economy, such as staples, FMCG, fertilizers, telecom, cement, pharma, and consumer services.
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