Why Prateek Nigudkar Bought More Of These Two Sectors' Stocks During The Market Correction

As market volatility created buying opportunities, investors looked for sectors with strong long-term growth potential. Rather than making aggressive new bets, many fund managers increased exposure to themes they already had conviction in. Power emerged as a key focus area, spanning generation, transmission, financing, cables, wires, and diesel genset companies. Telecom was another sector that saw fresh allocations during the market decline. Meanwhile, despite being positive on the automobile sector, concerns over fuel price hikes, commodity inflation, and pressure on margins led to a more cautious approach. According to Prateek Nigudkar, Senior Fund Manager, Shriram AMC, power and telecom stood out as sectors where valuations and growth prospects remained attractive despite broader market uncertainty.