Homevideos Newsmarket News

    Overweight on capital goods, textiles, chemicals, IT services: Devina Mehra of First Global

    videos | IST

    Overweight on capital goods, textiles, chemicals, IT services: Devina Mehra of First Global

    Mini

    CNBC-TV18’s brand new offering, the Editors’ Roundtable, brings the latest happenings of the week gone by, the big trends to watch, sharp insights and in-depth analyses from the CNBC-TV18 Editors.

    A relentless rally for four weeks has added 10 percent to both the Sensex and the Nifty. This is the longest winning streak so far this year. Can the bulls maintain the momentum?
    CNBC-TV18’s brand new offering, the Editors’ Roundtable, brings the latest happenings of the week gone by, the big trends to watch, sharp insights and in-depth analyses from the CNBC-TV18 Editors.
    Devina Mehra, Founder, Chairperson & MD at First Global, said, “In terms of what we like currently, our most overweight sector would be capital goods industrial machinery; we like pockets in textiles, chemicals, IT services also again, it has been my call for now a 7-8 months that this year rupee is going to depreciate which you now have seen to an extent, I don’t think it’s completely done yet. So that is export-oriented sectors we have liked. Off late a few other entrants have been there, some from auto four-wheelers, auto components, a couple from FMCG. So that would be broadly the things that we would be overweight on. But we say that be the hare so move fast, but also change direction fast if you need to.”
    She added, “Going forward, two important things I would like to focus on which is really a little beyond the equity markets, also one that if you want the growth in the economy, one is employment and the other is focus on technology, innovation, science, which we did very well for a time.”
    For full interview, watch accompanying video
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    next story

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng