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InvestValue CIO Aditya Agarwala Reveals Top Investment Picks And Market Outlook
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Moneycontrol•07-10-2026, 06:02
InvestValue CIO Aditya Agarwala Reveals Top Investment Picks And Market Outlook
- •Pharma leads investment choices due to steady export demand, a weaker rupee, and low domestic cycle sensitivity.
- •Domestic-focused businesses insulated from crude oil and bond yield volatility are also preferred, while crude-intensive sectors are currently avoided.
- •The RBI is expected to raise the repo rate by 25 bps and revise its inflation and growth forecasts amid elevated energy costs and a weak monsoon.
- •Market valuations are more reasonable following a correction, but a true worst-case scenario with prolonged Hormuz disruptions and El Nino remains a risk.
- •Investors are advised to deploy capital in tranches over six to nine months, favoring strong cash flow companies over pure growth stocks.
Key Questions Answered
Aditya Agarwala ranks pharma at the top due to steady export demand, a weaker rupee, and low sensitivity to the domestic cycle.
The central bank is expected to raise the repo rate by 25 bps, move its FY27 inflation projection up from 5.0 percent, and likely trim its 6.7 percent growth forecast due to higher energy costs and softer rural demand.
Staples are avoided because a monsoon ending at around 90 percent of normal will weigh on rural volumes, while crude-linked inputs like packaging and edible oils squeeze gross margins.
