• SENSEX
    NIFTY 50
VIDEOS
Market

Investec Cap bullish on electronics manufacturing and chemicals

Updated : December 03, 2020 14:16:03 IST

There are investment opportunities in industrial plays which are quite cheap currently, according to Mukul Kochhar, co-head of equities at Investec Cap Services.

“Stocks that are trading below cash on balance sheet, good companies with no history of either making a loss are trading below the cash on the balance sheet and this is where I think the next value picking opportunity is going to be based on valuations, some industrial plays which are just very cheap,” he elaborated.

On specific stocks and sectors he said, “What is common in sectors where we have done well is economies of scale. Economies of scale is key for India success and industries and we see that happening in a few sectors.”

“One is select sectors in electronics manufacturing and the second one is chemicals. For the next 3-5 years that is going to be key investible theme in India because the base is so low, some of these companies will continue to grow at explosive rates on a small base given clear government support for manufacturing going on,”  he added.

Watch this video for more

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you

Advertisement