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market | IST

Marcellus Investment says best companies will continue to gain market share in next few months

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“When you look at the best quality stocks in the broader market, next three-nine months you will see the continuation of market share gains coming through,” said Rakshit Ranjan, Portfolio Manager at Marcellus Investment Managers, in an interview with CNBC-TV18.

“When you look at the best quality stocks in the broader market, next three-nine months you will see the continuation of market share gains coming through,” said Rakshit Ranjan, Portfolio Manager at Marcellus Investment Managers, in an interview with CNBC-TV18.
Paints industry is still not back to normalcy. “We are still 30-40 percent below pre-COVID levels in terms of demand,” he said.
“Relaxo – there was a 5 percent revenue decline for the whole quarter of September. Same for Page Industries. It took a few months post lockdown opening up for Page Industries to recover back to growth but then their double digit growth is there for the last couple of months at least,” Ranjan explained.
On cement companies, he said, “Fundamentally the cement stocks haven’t delivered the kind of returns on capital that we would like them to deliver. We haven’t got them in our coverage.”
“We have doubled down on Bajaj Finance when it had gone below Rs 2,000 a share, that was close to the bottom but that was the lucky part. We remain very convinced even today after having seen the stock price recover,” he said.
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