Porinju Veliyath

Porinju Veliath's Equity Intelligence India bought 265,000 shares of the company at Rs 847.63 per share

In conversation with Puneet Wadhwa, Porinju Veliyath, managing director and portfolio manager, Equity Intelligence says the Nifty50 index will move to new highs this year, and will be able to sustain at five-digit levels. Edited excerpts:The markets are nearing their all-time high again. Will they be able to surpass and sustain at higher levels over the next six - 12 months?I am not a technical expert and predicting market movements is a tricky thing. From a simple common sense view, I can say that the Nifty50 index will move to new highs this year and will sustain at five-digit levels going forward. In terms of stocks and sectors, where do you see the leadership in the markets coming from if they were to move and sustain at higher levels from here on?Some sectors like information technology (IT) are having so many challenges and it is very difficult to expect significant upward movement in companies like Infosys and TCS say in next year or two. Reliance Industries has been leading ...