Mihir vora sees this secret heading the next market Rly

Mihir Vora, CIO of Trust Mutual Fund, believes financial stocks will drive the next phase of market growth. He sees strong fundamentals supporting the sector, with banks and non-banking financial companies (NBFCs) benefiting from a potential rate-cut cycle. “Financials are well-placed to lead as credit growth remains healthy,” Vora noted.In contrast, he pointed out that fast-moving consumer goods (FMCG) companies may experience muted growth due to weak rural demand. However, the outlook for consumer discretionary remains positive, driven by rising incomes and strong festive demand.

Discussing real estate, Vora highlighted that “volume growth is driving the sector rather than price increases,” as buyers focus on affordability. He also differentiated between NBFCs and banks in a falling rate scenario, stating that banks may have an advantage due to their lower cost of funds.

Vora sees capital markets as another key growth driver, benefiting from rising domestic participation. He favours stocks with strong domestic exposure over those reliant on global markets. Meanwhile, premium consumption remains strong, with high-end brands and services continuing to gain traction.Also Read: Goldman Sachs says financials not out of the woods yet

He remains optimistic about market recovery, emphasizing that domestic demand will be crucial in sustaining momentum.

Also Read: Mihir Vora of Trust MF sees big stock-picking opportunities in these sectors in 2025

For the entire interview, watch the accompanying video

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