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Seeing opportunities in pharma, textiles, consumer durables: Birla MF

market | Oct 6, 2020 11:09 AM IST

Seeing opportunities in pharma, textiles, consumer durables: Birla MF

Because of the current crisis and developments globally and locally, opportunities are emerging for many sectors, Mahesh Patil, Co-CIO, Aditya Birla Sun Life AMC said in an interview with CNBCTV18.

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“…those are the sectors which we would look at at this point of time, for e.g. in pharma sector because of the trade relations between US and China and the opportunities which open up for the pharmaceutical sector especially in the API space can be a long-term opportunity,” Patil said.
“Domestically also there is a focus on ‘Make in India’ and government will incentivizing manufacturing, rolling out the production with incentive plan – that would also mean for companies which are trying to tap this opportunity and do a lot of import substitution in import consumer durable and that could be an opportunity, he said.
Patil said there was a good uptick in the textiles sector too, because of the China factor.
“We also see good uptick in textile sector because of China and a lot of Indian companies are now taking up market share,” he said.
He is bullish on select banks, two-wheeler companies and export oriented companies.
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