Commodity correction offers buying opportunity; defence, banking remain long-term bets: Dharmesh Kant

Market expert Dharmesh Kant views the recent correction in copper, aluminium, crude oil and silver as a buying opportunity, recommending accumulation of quality commodity stocks like Hindalco, Vedanta and JSW Steel, with one to one-and-a-half years of upcycle still expected. Lower crude prices are seen boosting corporate margins in Q2 and Q3, while he stays bullish on defence (BEL, HAL, Mazagon Dock) and banking over auto and auto ancillaries. He is cautious on Sterlite Technologies and paint companies, and highlights strong domestic consumption, 17-18% credit growth, and easing tariff concerns as supportive of Indias macro outlook.