The COVID-19 outbreak in China has resulted in the downfall of economies in many countries across the world. Although, the impact hasn’t reached its full potential, there are already major loopholes created in the economies which are impacting angel investments and capital investments at a large scale. According to Elixir Equities Director, Dipan Mehta is of the opinion that even there are fewer opportunities of investments; there are some sectors that are open to new investments.
“We have seen many crises over the last 25 years
or so. This is one more. Unfortunately, this does not have any parallel and so we do not know how it will play out but intuitively I feel we are a lot closer to the bottom than at any point of time before. In the Asian markets, some sort of stability has returned to Shanghai Composite or KOSPI or Hang Seng which are now moving in a narrow range. The Shanghai Composite already has rallied back despite facing the brunt of this particular problem. There could be one or two percentage point’s further correction but at some point of time this week, we should see the market bottoming out. Then it will take a longer period of time to start reversing and move back up”, expressed Dipan Mehta to the media.
He further said that chemical, pharmaceuticals, manufacturing and auto ancillary are the industries that investors should look into as of now. The COVID-19 outbreak has resulted in the downfall of several business sectors across the globe and the primary problem being the cure, it cannot yet be said as to how much more impact it is going to have on the economies. There is a lot of information that is coming into light. China is claiming that it has successfully sustained the outbreak in the country while Italy is expressing just the opposite.
At this point of time, it is only mindful to invest in the manufacturing sectors related to the healthcare and medical equipment industry.
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