Investors should also stay away from sectors that may be directly impacted by the ongoing Middle East conflict from rising input costs or other operational challenges, Ashwini Shami of OmniScience Capital said.
According to Ashwini Shami of OmniScience Capital, the current market correction is a great opportunity to allocate to large caps, which are significantly more favourably priced compared to the mid-and small-cap segments of the market.
Further, he sees value in the current correction in the banking, housing finance, power, and IT services sectors.
All these growth vectors are favourably positioned to deliver multi-year growth in revenue and earnings. Each sector has strong balance sheets and is available at attractive valuations, said the Executive Vice President and portfolio Manager of OmniScience Capital, who has more than two decades of experience in the financial services industry.