Homemarket News

    Cement to be among first to recover; market signals confusing: HSBC Global

    market | IST

    Cement to be among first to recover; market signals confusing: HSBC Global

    Mini

    Market is at a very confusing state, said Tushar Pradhan, CIO, HSBC Global Asset Management in an interview with CNBC-TV18. “The valuations have now almost reverted where it was pre-COVID,” he added.

    Market is at a very confusing state, said Tushar Pradhan, CIO, HSBC Global Asset Management in an interview with CNBC-TV18. “The valuations have now almost reverted where it was pre-COVID,” he added.
    “My favourite concern here is that it is not going to be a uniform recovery,” he added.
    He believes the financials are in a position to access capital at a lower cost. “As a financial, if I am well-known, if I have access to capital, I clearly am in a much better position to access capital at a much lower cost,” he said.
    Pradhan expects cement sector to be one of the earlier sectors to pick up with recovery in the economy. “Cement has been one of the more popular sectors throughout this downtrend. There are a lot of infrastructure projects, there are a lot of housing projects which continue to stand there. As the equity starts to come back, as the labour starts to return, you will see this pick-up in demand especially in cement sector come first,” he said.
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    next story

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng