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Daily Voice: US elections not a major factor for Indian stocks, says TRUST MF's Mihir Vora

Money ControlMoney Control · 11d
Daily Voice: US elections not a major factor for Indian stocks, says TRUST MF's Mihir Vora

Mihir Vora, CIO of TRUST Mutual Fund, believes that US elections are not significant for Indian stocks. He predicts potential earnings downgrades in banks, metals, oil and gas, FMCG, and some large-cap IT stocks for Q2FY25. Vora suggests that the options for high-growth segments are predominantly in small-caps or mid-caps, and there is still ample scope for stockpicking in small-caps. He states that small-cap stocks offer growth-adjusted valuations that are not expensive and are well-suited to TRUST Mutual Fund's philosophy of 'Terminal Value Investing'. Vora also identifies undervalued sectors for investment, such as banks, NBFC, chemicals, defence, auto and ancillaries, and asset management. He believes that India remains a buy-on-dips market and the US elections have minimal impact on Indian stocks.

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