Private Banks to lead next leg of market rally: Naveen Kulkarni

As the growth rate picks up, the challenges of non-performing assets (NPAs) start subsiding. Private Banks are well-placed to deliver good performance

As markets trade near all-time high levels, NAVEEN KULKARNI, chief investment officer at Axis Securities, tells Nikita Vashisht in an interview that ‘Quality’ as an investment theme is set to outperform ‘Value’ going ahead. The government’s relief measures for the telecom sector, he says, are necessary for the industry in addressing some of the challenges, but pricing concerns will continue to persist for the sector Edited excerpts:

Do you see more legs to the market rally?

The market has seen strong earnings momentum and almost all the sectors are reporting strong earnings trends. June 2022 quarter (Q1-FY22) saw further earnings