Capitalmind AMC prefers pharma over banks, sees pressure on consumption sectors

Anoop Vijaykumar, Head of Equities at Capitalmind AMC, says pharma remains one of the most attractive sectors due to healthy earnings growth, reasonable valuations and opportunities in CDMO and generic drug companies. While recent RBI measures could support banks, he prefers mid- and small-cap private lenders over large banks. Vijaykumar is cautious on autos and consumption stocks, warning that elevated oil prices and a weak monsoon could pressure demand and margins in the coming quarters.