Private banking, financial services, IT and defense stocks will do well post-Diwali, said Dinshaw Irani, chief investment officer and CEO of Helios Capital Management (India) Ltd. It is expected.
Speaking on NDTV Profit, Ilan said the decline in the stock market over the past three to four weeks will not define the entire year.
“Unfortunately, October was a very bad month and it ruined everyone’s mood. We believe it was healthy and it takes a lot for the players who were on the sidelines to come back. We need a lot of corrections,” he said.
The Iranian president expected large-cap stocks to make a comeback through December, adding that they had performed well for most of the 2025 fiscal year.
“There is widespread disappointment in consumption and the auto industry,” he said.
Banking, financial services and insurance sectors are likely to do well in the next three to four weeks, according to the CIO.
“Sector-wise, we believe private sector banking, financial services and insurance will continue to perform well in the BFSI space,” he said.
