Increase equity allocation in next 6 months & expect returns in 2024 and 2025: Pankaj Tibrewal

Valuations are becoming reasonable and the next six months present an opportunity to increase equity allocation as pain seems to be behind us and market prices reflect it. FIIs have consistently turned buyers for the last four trading sessions, and several milestones are used to watch a market bottom-out. The approach is to stick with companies with larger market share in neglected sectors, such as manufacturing, selected NBFCs and private sector banks, and pharma.