One should take advantage of the prevailing volatility in the market and one should be a buyer in extreme panic, said Sandeep Tandon, CIO, Quant Mutual Fund in an interview with ET Now.
“One has to take advantage of the extreme volatility which is prevailing in the markets. In an extreme panic, one should be a buyer and in extreme euphoria, one should be cooling down the exposure. That is the best way to play in uncertain times,” said Tandon.
Tandon said there is no euphoria currently but there is a good amount of over-ownership in certain names.
“Those are the names which I am slightly worried about and I don’t think everybody likes them. It is a consensus trade. There are many such names and those are the areas one should avoid,” said Tandon.
Tandon is bullish on the manufacturing sector and advised one should capitalise on the momentum for this sector.
“Infrastructure stocks look very good – the entire manufacturing thesis. One should not look for just one quarter or one-year view perspective. My larger thesis is this is a decade’s opportunity for India and manufacturing is the space in which one has to capitalise,” said Tandon.
“We are talking about China plus or Europe plus one, I see Japan plus one also coming about. India will emerge as a very serious manufacturing capability. Something is not going to happen tomorrow morning, but if somebody has a vision from a longer-term perspective, that is the space one should capitalise,” he said.
Disclaimer: This article is based on an ET Now interview published by economictimes.com. The views and recommendations given in this article are those of the analyst. These do not represent the views of MintGenie.
