Amnish Aggarwal's Winning Formula: ABB And Siemens Lead The Charge In Capital Goods Stocks
- Posted on June 27, 2023
- News
- By Ishna
- 160 Views
Looking for
stocks that have the potential to surge by 30-40% in the next 2-3 years? Look
no further than the insights of Amnish Aggarwal, the Founder of Prabhudas
Lilladher. Aggarwal's optimism lies in capital goods companies, with a
particular focus on ABB and Siemens, two prominent players in the field.
When it comes to
new-age tech stocks, profitability is the key factor to consider in the long
run, and Aggarwal believes that some of these companies have a reasonable
chance of turning profitable within the next couple of years.
If you're
wondering about Aggarwal's top stock idea with a 30-40% potential upside in the
next 24-36 months, he doesn't restrict himself to specific market caps. Whether
it's midcap, large-cap, or smallcap, the choice is yours.
However, if you
ask Aggarwal for his personal recommendation, he holds a strong belief in the
capital goods sector, particularly in ABB and Siemens, as they continue to
perform admirably.
Moving on to
other market trends, certain select stocks have experienced a decline from
their previous highs. Aggarwal offers his perspective on Paytm, Zomato, and
other new-age tech companies, noting that they have undergone significant
corrections while their business models have matured. These companies have
realized the importance of financial sustainability and can no longer afford to
burn through capital indefinitely.
Furthermore,
Aggarwal highlights the influence of US tech stocks on valuations, as the top
10 to 20 companies in the US tech space have seen substantial rallies in the
past six months.
In the long term,
Aggarwal expects these new-age tech stocks to stabilize and generate
profitability and returns for shareholders over the next five to seven years.
However, the next couple of years will be a critical period for these
companies, testing their ability to adapt to ever-changing circumstances,
achieve profitability, and demonstrate sustainable financial performance.
Aggarwal emphasizes that long-term profitability will be the key metric for
valuation, and many of these companies are now shifting their focus toward
achieving profitability within the next couple of years.
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