Investors Carnival: Aurum Capital’s Jiten Parmar Sees Value Emerging In This Beaten Down Sector

Rising capacity utilisation, beaten down valuations and a positive demand outlook makes the cement industry an interesting sector to invest over the next six months, said Jiten Parmar, partner at Aurum Capital.

The current market correction is a good opportunity for long-term investors, Parmar told BloombergQuint on the sidelines of the Investors Carnival in Goa.

As a value investor, Parmar said, he doesn't believe in buying good quality companies at expensive valuations. “They will cause pain over the long term and will also not give you the returns you desire.”

Parmar said his investment in Bajaj Finance offered 10-fold returns over four years. “I booked profits recently because the valuations became too exorbitant.”

Watch Jiten Parmar's full presentation at Investor Carnival here

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