Kotak Securities Midcap Conference 2017: Kamlesh Rao’s investment growth mantra
In an interview to CNBC-TV18, from the sidelines of the Kotak Securities Midcap Conference 2017, Kamlesh Rao, MD of Kotak Securities discussed the market outlook.
Rao said the midcap companies that have grown in the last year; we believe a few of them need to be in the largecap space by now because of the size of their marketcap.
“We have looked at companies largely in the range of about Rs 3,500-7,500 marketcap and we firmly believe there are a few winners from here on,” said Rao.
The sectors that I would look at going forward for next year would largely be in the area of infra, where a large amount of money is getting spent, he added.
He further said that on the non banking financial companies (NBFCs) and bank financial side we would look at some public sector banks. We like some of the companies in the insurance space and a lot of the disorganised to organised segment which is moving in, we see a number of midcaps making space in this for the next year, added Rao.
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