To buy to sell ICICI Caution to share
Rate hikes are likely to happen in India over the next 18 months, S Naren, ED and CIO of ICICI Prudential AMC said on Thursday, adding there is huge potential in the telecom space.
“Whatever rate hikes are going to be made in India or in the US, they will happen in the next 18 months. So the next 18 months will be pretty much at a continuous pace in the US. we have a situation where there will be no rate hikes in any other part of the world, I doubt that,” Naren told CNBC-TV18.
Speaking of sectors, he said affordability in the housing sector has improved significantly and there are long-term opportunities in the real estate space. He does not expect prices to rise in the real estate space.
He further said that the power sector is emerging from a 10-year underperformance and he also expects to see huge potential in the telecommunications sector.
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First post: STI