Adani Enterp. 2435.90↑6.75(0.28%)
Adani Ports 737.15↑0.75(0.10%)
Apollo Hospitals 4944.00↑17.35(0.35%)
Asian Paints 3229.60↑17.35(0.54%)
Axis Bank 968.55↑6.45(0.67%)
B P C L 362.10↑1.00(0.28%)
Bajaj Auto 4794.90↓-5.75(-0.12%)
Bajaj Finance 7045.00↑34.90(0.50%)
Bajaj Finserv 1469.85↑2.45(0.17%)
Bharti Airtel 835.80↓-0.20(-0.02%)
Britannia Inds. 4969.15↑94.10(1.93%)
Cipla 963.55↓-1.85(-0.19%)
Coal India 229.05↑0.95(0.42%)
Divi's Lab. 3482.00↓-17.70(-0.51%)
Dr Reddy's Labs 4692.00↑42.60(0.92%)
Eicher Motors 3636.20↓-21.20(-0.58%)
Grasim Inds 1719.10↑7.15(0.42%)
H D F C 2653.50↓-0.30(-0.01%)
HCL Technologies 1126.45↓-0.30(-0.03%)
HDFC Bank 1608.60↓-0.10(-0.01%)
HDFC Life Insur. 585.15↓-8.75(-1.47%)
Hero Motocorp 2984.00↑19.20(0.65%)
Hind. Unilever 2662.60↓-17.30(-0.65%)
Hindalco Inds. 415.90↓-2.35(-0.56%)
ICICI Bank 937.55↓-0.35(-0.04%)
IndusInd Bank 1321.10↑17.25(1.32%)
Infosys 1272.25↓-10.55(-0.82%)
ITC 442.10↓-0.80(-0.18%)
JSW Steel 747.75↓-1.05(-0.14%)
Kotak Mah. Bank 1872.00↓-14.50(-0.77%)
Larsen & Toubro 2357.10↑16.80(0.72%)
M & M 1369.70↓-11.35(-0.82%)
Maruti Suzuki 9675.45↑16.85(0.17%)
Nestle India 22209.00↑60.10(0.27%)
NTPC 181.00↓-1.05(-0.58%)
O N G C 154.10↓-2.00(-1.28%)
Power Grid Corpn 242.10↑0.45(0.19%)
Reliance Industr 2494.25↓-5.40(-0.22%)
SBI Life Insuran 1244.40↑5.50(0.44%)
St Bk of India 585.25↓-3.25(-0.55%)
Sun Pharma.Inds. 985.00↓-2.00(-0.20%)
Tata Consumer 807.00↓-0.10(-0.01%)
Tata Motors 562.85↑3.15(0.56%)
Tata Steel 109.50↓-1.65(-1.48%)
TCS 3239.50↑3.05(0.09%)
Tech Mahindra 1065.50↓-5.80(-0.54%)
Titan Company 2908.30↑31.30(1.09%)
UltraTech Cem. 8160.00↑59.85(0.74%)
UPL 690.15↑0.10(0.01%)
Wipro 397.45↓-2.10(-0.53%)

Recovery in rural demand, festival season may ramp it up: Mrinal Singh

There are green shoots of recovery in rural demand, which is likely to benefit rural heavy consumer staples and two-wheelers for instance

Abhishek Kumar

Premium

Mrinal Singh, CEO & CIO, InCred Asset Management

4 min read Last Updated : May 23 2023 | 7:35 PM IST

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The coming year or two are packed with a lot of global and macro events which will inject some bit of intermittent volatility, but these shouldn't be a concern for long-term investors, says Mrinal Singh, chief executive officer and chief investment officer, InCred Asset Management. In an interview with Abhishek Kumar in Mumbai, Singh advises investors to incrementally allocate towards equities as valuations have returned to normal levels. Edited Excerpts:

After the fourth quarter results, which segments of the market seem primed to outperform?

The earnings season has been a mixed bag. While technology companies have disappointed vis-à-vis expectations, sectors like manufacturing, healthcare, cement, and two-wheeler auto space have fared better in terms of volumes growth. There are green shoots of recovery in rural demand, which is likely to benefit rural heavy consumer staples