Raamdeo Agrawal: Market to Remain Range-Bound, Pick These Sectors for Long-Term Gains

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Raamdeo Agrawal: Market to Remain Range-Bound, Pick These Sectors for Long-Term Gains

Raamdeo Agrawal, the co-founder of Motilal Oswal Financial Services, has said that the Indian stock market is likely to remain range-bound in the near term. However, he believes that there are some sectors that offer good long-term investment opportunities.

Agrawal said that the market is currently facing a number of headwinds, including rising inflation, interest rate hikes, and the ongoing war in Ukraine. These factors are likely to keep the market volatile in the near term.

**However, Agrawal said that there are some sectors that are well-positioned to weather the current storm. These sectors include **

  • Information technology: The IT sector is benefiting from the strong demand for digital services.
  • Pharmaceuticals: The pharmaceutical sector is growing on the back of rising demand for new drugs and vaccines.
  • Consumer discretionary: The consumer discretionary sector is benefiting from the recovery in the economy.

Agrawal said that these sectors offer good long-term investment opportunities. He advised investors to focus on companies with strong fundamentals and good growth potential.

On the earnings front, Agrawal said that he expects corporate earnings to grow in the coming quarters. However, he said that the growth will be moderate, as companies are facing headwinds from rising input costs.

Overall, Agrawal said that the Indian stock market is a good investment for the long term. However, he advised investors to be patient and to focus on quality companies.

Raamdeo Agrawal is a well-known investor and the co-founder of Motilal Oswal Financial Services. He is known for his contrarian views and his ability to identify good investment opportunities. Agrawal is a frequent speaker at industry events and is a regular contributor to financial publications.

 

Raamdeo Agrawal stock market: 98% of this market speculators, so Raamdeo  Agrawal has no lessons for them - The Economic Times

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