Marcellus’ Saurabh Mukherjea Bullish On Hdfc Bank, Bajaj Finance, Other Financials Amid Market Sell-Off; Here’S Why

In an interview with CNBC-TV18, Saurabh Mukherjea, Founder of Marcellus Investment Managers, spoke about the market sell-off and the way forward for Dalal Street.

Mukherjea said don’t panic because of the market sell off, stay invested and in fact it’s a paradise for long term retail investors, look at good quality financials and real estate stocks and take advantage of this opportunity to buy on the market.

He said, “This kind of correction is like a heavenly opportunity for us. For about a year, we have been aggressively buying financials in our Kings of Capital portfolio. Obviously financials didn’t have the best run, especially high quality financials, like the guy we prefer HDFC Bank, Kotak Bank, Bajaj Finance, HDFC Life didn’t have the best run, but we are not discouraged by the fact that we continue to load on these names.

He added: “The second area we’ve seen is real estate. You have a natural demand for home purchases, and so the low interest rate environment that is currently prevailing, I believe, will continue to drive strong home purchases. The best way to take advantage of this investment in building materials companies, discussed Asian paintings many times on your show. I will also add to this names like Astral Poly, like the companies of Pidilite Industries, which will play the cycle of building materials.

For a full interview, watch the accompanying video…

First post: IS


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