Brace for Extended Consolidation; Autos and Global Tech Offer Better Risk-Reward, Says Ajay Srivastava
Hot take: Markets are entering a period of extended consolidation — not a sudden crash or euphoric melt-up — where select sectors, notably autos and global tech, present a superior risk-reward profile compared with richly valued domestic pockets. Ajay Srivastava's view is that patient, sector-focused positioning beats broad, momentum-chasing bets in this environment.
Context: Srivastava, a veteran investment banker and market strategist, has repeatedly highlighted autos and export-oriented/global tech exposures as relative winners amid slower corporate capex and uneven domestic demand, while warning about stretched valuations in certain new-age segments and IPOs. His stance emphasizes quality management, strong business pedigrees, and earnings resilience as key selection criteria during a consolidation phase.
