Investors must look at restructuring portfolios now: Kranthi Bathini, Wealthmills Securities

Domestic equity market benchmarks BSE Sensex and Nifty 50 hit their respective record-high levels on Thursday, a day of the weekly F&O expiry day. BSE Sensex hit 54,793, while the Nifty 50 index was above 16,360. Kranthi Bathini of Wealthmills Securities spoke to Money9 on what’s the best way for investors to strategize investments

“Avoid the buzzing and momentum stocks where valuations are stretched and where there is no earnings clarity. Largecaps are looking more appealing than midcaps at the moment. Investors should have a balance portfolio. Portfolio re-balancing is crucial at the current juncture of investors”, he said.

Euphoria in markets he believes will give opportunities to investors to exit non-quality.

Among sectors, he believes, the metal sector has given huge profits and it is better for investors to exit wherever there are excess profits. On the other hand the pharma sector which is under some pressure, he believes one must stick with stocks which have earnings visibility for the long term.

On the stock recommendations, he prefers Piramal Enterprises, ABB Power Products and Centrum Capital when investors can look for opportunities on dips.