Economy recovering in V-shape, faster than anticipated, says Sunil Subramaniam, MD & CEO, Sundaram Mutual. He believes new investors are coming to the market and believes India's recovery is hinged upon festive demand and budget. He sees strong order books in Pharma, remains bullish on IT & Pharma. Polarisation will start in select stocks and solid growth in mid & small caps indicate V-shaped recovery says Sunil. While he believes PSU Banks and NBFCs will take time to recover from the pandemic shocker and expects the economic recovery to augur well for the sector, he remains underweight on the same for the time being.
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