The Indian market is poised for growth and its outperformance would continue for some time, said Devina Mehra, Chairperson & MD, First Global, in an interview with ET Now.
"Right from the end of last year, I had been saying that India would be an outperformer their year just as it was in 2021 which was after a long, long gap and that has held up. India has been an outperformer and that would continue for some time," Mehra told ET Now.
Mehra said there may be some volatility in the market and there will be no sharp up-move in the next two-three months, but there will be no big downside either.
Mehra said that global factors will impact Indian companies also and "throughout this year, it is not going to be the tide lifting all boat kind of a market this year, so one has to be choosy."
She said she remained overweight on industrials and she was still underweight on financials.
"Industrials still remain the biggest overweight for us and they have done a lot of good to the portfolio in the last few months and quarters. In financials, we had negligible weight. We are still underweight. Autos are one area which we did not like in the past and we like better now at least selectively," she said.
Mehra holds some large FMCG names and has exposure to IT stocks also.
Disclaimer: This article is based on an ET Now interview published by economctimes.com. The views and recommendations given in this article are those of the analyst. These do not represent the views of MintGenie.