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Daily Voice: Ashika Global's Amit Jain avoids taking bets in these 5 sectors that are still overvalued

Money Control · 55y

Amit Jain, co-founder of Ashika Global Family Office Services, believes that the IT, Pharmaceuticals, FMCG, Real Estate, and Defence sectors are currently overvalued, and he is cautious about investing in them. He sees value in PSU (Public Sector Undertakings) and PSU banks from a value investing perspective. The market correction is likely to continue, with weak earnings and external pressures posing ongoing challenges for the Nifty 50 index. Global factors, such as geopolitical risks and US economic concerns, are contributing to the current correction in the Indian stock market. The recent quarterly earnings season has been disappointing, with many companies missing profit and revenue expectations. Jain suggests being cautious and preferring value investing over chasing growth in the current market environment. IPO fundraising in 2025 is expected to be better than in 2024, but the current correction may lead to delays for high-profile IPOs.