Sandip Sabharwal discusses investment strategies, favoring capex-oriented companies like L&T and select IT firms. He expresses caution about PFC and REC due to long-term solar sector stress, preferring private sector NBFCs like L&T Finance and Mahindra Finance. Consumer stocks are expected to revive eventually, offering buying opportunities at current discounted levels.
Value addition key for Tata Steel as prices fall and costs increase
Tata Steel saw strong revenue growth in the June quarter, driven by higher realisations. However, global steel prices are softening, and coking coal costs are