Investors should look at companies with high corporate governance and promoter integrity: Centrum

We feel that Nifty50 is likely to move in a range of 11,000 levels at the lower end of the range and 13,000 at the higher end of the range in the medium-term

The portfolio has to have robust businesses, which have a durable competitive advantage and pricing power, said Devang Mehta, Head-Equity Advisory at Centrum Wealth Management in an interview with Moneycontrol's Kshitij Anand.

"It goes without saying that the prime filter has to be good corporate governance and promoter integrity alongside the usual fundamental matrices," he added.

Below are edited excerpts:

Q) What is the range you are looking at for Nifty or Sensex based on the election results? Do you think we are heading for new highs in 2019?

There are so many moving parts which will remain an overhang on the markets for some time. With uncertainty around elections out of the way, there is now a higher probability of decent inflows from the international and domestic investors which were sitting on the sidelines.

Though macros and micros are yet to see concrete traction, we feel that Nifty50 is likely to move in a range of 11,000 levels at the lower end and 13,000 at the higher end in the medium-term.

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