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Share Market Update: The stock market is going through a lot of ups and downs at this time. The market rises in a day and sometimes it suddenly comes down. In the midst of this huge turmoil, investors are worried. Where to invest or not to invest. In such a situation, Mrinal Singh, CEO and CIO of InCred Asset Management discussed various aspects of the market in detail with Moneycontrol.

He said that investors should not decide to invest on the basis of the level of the market. If you want to build a good portfolio with a long-term perspective, then you should identify good companies and invest in them with a long-term perspective. This is the key to earning money in the stock market.

where to invest
We are more inclined towards those sectors that will further benefit from the increasing focus on domestic manufacturing and which are likely to get new markets due to the China Plus One policy. Mrinal Singh has also previously worked with ICICI Prudential AMC as CIO.

Also read- PPF to PAN-Aadhaar link: These 8 things related to money should be done before March 31, otherwise there will be loss

Opportunity to buy good companies at good prices
Talking on the market, he said that due to rising inflation, current geopolitical tensions, rise in crude oil prices, increase in interest rates, there has been a huge decline in the market, but keep in mind that this decline is not permanent. This fall is giving us an opportunity to buy at a good price in companies with good business, good growth potential.

The prospects ahead are strong
Mrinal Singh said that the prospects ahead for the Indian economy look very strong. We see great potential going forward in segments that will benefit from capacity expansion. We are more inclined towards those sectors that will further benefit from the increasing focus on domestic manufacturing and which are likely to get new markets due to the China Plus One policy.

Also read- These stocks of Tata Group gave strong returns in FY22, up more than 100 percent

which sectors to focus on
He further said that apart from these sectors, textile, chemical, engineering boards and automobiles also see a lot of potential. In auto mobiles, especially those companies whose focus is on green energy should be kept. Apart from this, business related to housing and mortgage should also be monitored.

He further said that sectors related to personal consumption such as individual mobility, education, leisure, travel, entertainment and consumer durables will play an important role in increasing the per capita income of the country to $ 4700 by 2030. Let us tell you that according to the data of IMF, at present the per capita income of India is around 2200 dollars.

Tags: Share market, Stock Markets, stock return, Stock tips, Stocks

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