HomeFinance NewsInvestor mood at conference upbeat, there is willingness to bet on new themes, says Motilal Oswal Private Wealth Management

Investor mood at conference upbeat, there is willingness to bet on new themes, says Motilal Oswal Private Wealth Management

Sandeep J Shah, Associate Director, Motilal Oswal Private Wealth Management  said the investor mood at the conference was very upbeat and optimistic on back of a very good earnings quarter.

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By Nimesh Shah  August 28, 2018, 4:46:06 PM IST (Updated)

Sandeep J Shah, Associate Director, Motilal Oswal Private Wealth Management  said the investor mood at the conference was very upbeat and optimistic on back of a very good earnings quarter.


"People are willing to look at newer companies and there is also interest in mid and small caps because of their attractive stock prices," he said.

He also said that the investors are asking questions on cyclical recovery -– whether the economic recovery can be broad based and more sectors can participate.

Consumption plays have been driving earnings and stock price performances but not so much the domestic cyclicals, he said.

“So the outlook is to try and understand whether things like infrastructure, capital goods etc will see momentum and also if rural growth can continue to be strong. On FMCG side, rural growth has outstripped urban growth for more than four quarters now, said Shah.

"The companies and investors do not seem to be concerned too much on who is going to win next elections because whoever gets elected will benefit from the long-term reforms undertaken by the current government," said Shah.

"However, concerns around slower global growth persisted, in spite of US showing good growth, he said. Europe, China and Japan are showing signs of slow growth but liquidity is strong and is partly offsetting concerns around slow growth because in Europe and Japan quantitative easing continues, China too is loosening," said Shah.

Disclosure: Motilal Oswal is one of the four launch partners of CNBCTV18.com.

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