Marcellus Investment Managers Are Optimistic About These Stocks

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Here are the stocks and sectors on which investment managers feel optimistic.  Indian Equity Index Nifty 50 is trading over important 12,000 levels once again. In an interview with CNBC- TV18, Pramod Gubbi, co-founder of Marcellus Investment Managers shared his views on the market.
Q: What do you think the market is away from reality? or Is this market which is now pricing in going by the recent data? or otherwise May we see a steep recovery next year? 
Pramod Gubbi started saying that since the last few months, the market has been reacting to the announcements made by the Government. He further said at some stage these kinds of announcements will start showing up with regard to ground data. 
If macroeconomic data or corporate earnings fails then the market will show a reversal, he added. He later added that at this stage announcements related to the financial system is critical as that is the part of the slowdown in the growth. He feels that we have a scope of recovery when banks and financial institutions begin lending. 
December 18 is the big day. On this day the GST council meeting will take place. ...
... If the slabs are hiked will that deviate the market? or What would you think it just is a minor irritant? 
On increasing GST tax rates, he said if the govt raised the GST rates then it will be a blow for the market and causes disappointment. Owing to we require all the guns as far as stimulating growth is concerned. At this point in time, raising GST tax rates would have an adverse effect on the sentiment of investors, he added. 
I think hike should not be in lower ticket consumption items which clearly have been affected which should have been that could lead to a dent in the market rally. 
Q: Are midcaps giving you an opportunity if it is recovery then there should be value there?
On this he said, we have always believed that in a slowdown we found good quality midcaps demonstrating earnings growth. Talking about Relaxo Footwears he said, relaxo is a portfolio company, it caters to the common man on the street. Relaxo footwear growth volatility is very limited. It secured a dominant position in the entry-level flip-flop space or in the entry-level sports shoes. 
Later he spoke about Eicher Motors and termed it as a good franchise. Furthermore, he talked about the other spaces in building materials such as paints and construction chemicals like Pidilite.
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