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“We will invest in a staggered way over the next 8 to 12 weeks and not in a hurry. Within what we are buying, basically our old theme still continues which is buy local and avoid the global place. We continue to like the banks. They are still relatively decent on valuations. Cement and pharma are the other 2 sectors we like.”

“We have historically hesitated to participate in real estate developers to play the real estate story. We played it through home-building materials, where there are some really fantastic business models which are not leveraged. We own paints companies, adhesives companies, pipes, footings. We prefer building materials because og our philosophy of looking for very low leverage on the balance sheet in the business model ”

The $1.2 billion Franklin India Smaller Companies Fund is up 34% this year, beating 98% of its peers. The fund’s IPO picks — Concord Biotech Ltd., TVS Supply Chain Solutions Ltd. and SBFC Finance Ltd. — have rallied between 15% to 50% since their trading debuts in August, data compiled by Bloomberg show.

“Motilal Oswal Financial Services likes both Apollo Hospitals as well as Max Healthcare. The hospital sector is witnessing strong tailwinds given the increased penetration of insurance and higher international patients flow, as well as the enhanced healthcare awareness after the pandemic that the world witnessed over the last few years.”

Sanjiv Bhasin, Director at IIFL Securities, recommends considering oil marketing companies, as well as TCS, which he believes will continue to perform well despite mixed numbers and a lower-than-expected buyback. Bhasin is bullish on Zomato and the fintech space, and suggests considering cement companies like ACC, Ambuja, UltraTech, and Dalmia Bharat. He also praises Nestle for its bullish outlook on India.

The Q4 results were announced after market hours. TCS shares ended at Rs 3,613 on the NSE and were down by Rs 15.90 or 0.44% from the previous closing price on Tuesday.

India VIX was down by 2.53% from 11.27 to 10.98 levels on Wednesday. Volatility cooled off and paved the way for the bulls to strengthen in the market.

Known as golden parachutes, such payments are commonplace in corporate America and are intended to incentivize management to sell a company even if it means ending their own employment.