Consumer Durables News

Analyst Ajay Srivastava discusses market outlook for 2023

Further, Srivastava recommended avoiding consumer durables. With interest rate hikes, he believes, real estate demand will fall.

Notes from Srivastava’s interview on outlook for 2023:

  • No one needs to be stock specific for I.T
  • Suggests staying away from buying equities
  • Irrational exuberance in India equities investor is high
  • Best return could come from PF investments
  • Only long-term bet in equities is commodities; growth cannot come till we use basic commodities
  • Commodity companies enjoying monopolies
  • Should churn portfolios every six month; adding commodity play on every correction
    Continue to avoid consumer durables

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