Clarity is gradually emerging in the financial sector, and investors will now have a better idea of which stocks to go for, Rakshit Ranjan, Portfolio Manager, Marcellus Investment Managers, said in an interview with CNBCTV18.
“Last 6 months we have had no clarity from the ground level on COVID impact – positive or negative from the financial space,”
“Once you have got the moratorium period and all and disbursements being held back by even good lenders just because of credit uncertainty of the borrower community, you don’t see either asset side or liability side clarity emerge over the last 6 months.
So according to me the story will only begin now. It is not at all relevant what happened over the last 6 months, the fundamentals will start evolving now and you will see the gap opening up between good and bad quality of liability side as well as asset side amongst all the lenders over the next 6 months or so,” he said.
As for other sectors, Ranjan said fundamentals for consumer companies were likely to get better. He said Asian Paints and Berger Paints were seeing improvement in terms of both volume and value of sales.
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