A senior vice-president with DSP Merrill Lynch shares with us his investment mantra.
Past positions: Manager, Equity Research at Dolat Capital Market and area marketing executive with Crompton Greaves.
Investment mantra: Focus on financial parameters such as return on capital and earnings growth and look at valuations in this context.
Best call over the past few months: KEC, Jyoti Structures and Thermax.
Worst call over the past few months: Missing out on Patel Engineering, an integrated construction and engineering company.
Top picks right now: Engineering, cement and construction. From a near-term perspective, we are positive on ferrous metals.
Advice to small investors: Choose a basket of stocks for a balanced and diversified portfolio.
Worst mistake small investors make: Investing without an objective and not giving time for them to bear fruit.
Soumendra Nath Lahiri, Senior vice-president, Co-head Equities, DSP Merrill Lynch Fund Managers