Schiessl highlights IT, healthcare, FMCG as investment opportunities

Jonathan Schiessl from Westminster Asset Management shares his views on investment opportunities in India. He sees potential in information technology (IT), selective healthcare, and fast-moving consumer goods (FMCG) for the medium to long term. Schiessl advises caution when it comes to the auto and metal sectors. He notes that these areas face significant competition and challenges related to global markets. He encourages investors to stay informed about news affecting tariff-sensitive sectors and suggests being patient with investments in capital goods. Despite short-term challenges, Schiessl believes that IT has begun to recover, though uncertainties remain. He feels that the long-term outlook for IT, healthcare, and FMCG is better than for sectors like autos, where sales have been weak for several months. Regarding the current market conditions, India appears to be more attractive than China in the short term. However, Schiessl is cautious about expecting a quick return to all-time highs. He emphasizes the importance of keeping an eye on global economic factors that could impact various sectors. On the subject of capital goods, Schiessl acknowledges underperformance but believes that government spending will eventually improve this area. However, he suggests waiting for a clearer picture before making any significant investments. Overall, Schiessl prefers to focus on sectors with strong long-term prospects, particularly IT, selective healthcare, and FMCG, while remaining cautious about sectors affected by competition and global uncertainties.