Investors must have a selective approach to IPOs: Mayuresh Joshi

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Mayuresh Joshi, Head – Equity Research, William O’Neil India in an interview with Money9 said the factors at play as far as the macros are concerned include the rising bond yields and crude oil prices.

This has been causing nervousness among investors, however, he believes that in a bull market scenario there will always be phases wherein there will be hurdles.

“India, however, is placed very well even from the fiscal perspective and stands out among the emerging markets pack and will be a favoured destination for investments by FIIs”, said Joshi.

On how investors should strategise their move on corrections in the current market scenario, Joshi believes investors must not go all out and invest but adopt a SIP strategy even for equities.

Talking about which sectors to watch out for, he said, “There are several sectors which will move the markets going forward include infrastructure and allied sectors like cement and even insurance sector which is still underpenetrated will be key to watch”

Apart from this, privatisation as a theme will play out however, one must avoid entering at the peak of the theme playing out like in the case of commodities.

In the primary market space, while we have been noticing overwhelming responses to most of the IPOs, Joshi has cautioned investors to be selective in their approach.