Mark Mobius, the emerging market investment guru, has recently expressed his belief that Indian banking shares are overrated, while medium-sized companies in other sectors are underrated. Despite the current strong trend in banking shares, Mobius suggests that there are still plenty of opportunities for bumper returns in smaller companies’ shares. Mobius invests in four Indian companies, including Persistent Systems and Apollo Hospitals, and plans to hold them until they stop growing. Looking forward, Mobius is currently searching for tech and hardware stocks to invest in, noting that while India’s software industry is strong, hardware will become increasingly important in the future.
In terms of opportunities for investment in India, Mobius recommends looking beyond the companies listed on NSE-BSE, which are already well-known and established. Instead, he suggests that investors should consider smaller companies in other sectors, which have provided over 20% returns on capital or assets. Mobius’s optimism about the Indian market is shared by Chris Wood, a broker at Jefferies, who predicts that Sensex will reach 100,000 within the next four to five years, thanks to an annual growth rate of 10-13%.
However, it is important to note that the views expressed by Mobius and Jefferies are their own personal opinions, and users should always seek certified expert advice before making any investment decisions. While banking shares may currently be performing well, it is worth exploring opportunities in other sectors, particularly smaller companies that have the potential to provide high returns. As India’s economy continues to grow, hardware and tech stocks are also worth considering for long-term investment.
Follow DelhiBreakings on Google News
Superfast News Coverage by DelhiBreakings.com team.
For Superfast national news and Delhi Breaking Stories visit us daily at https://delhibreakings.com
Something went wrong. Please refresh the page and/or try again.
