Positive impactStocks
Ramesh Damani signals a new bull market - Here are the themes he favours for Samvat 2083
CNBC-TV18 1 hr ago·8 Nov 2026, 10:09 am
Veteran investor Ramesh Damani has turned his attention to India's domestic infrastructure sector, identifying it as a key theme for the upcoming financial year. He views these companies as attractive despite a recent global slowdown in Artificial Intelligence enthusiasm. Damani believes the recent correction in these stocks is a healthy pullback after a period of sharp vertical growth.
For investors, this signals a potential shift toward domestic plays that are less dependent on global tech trends. The focus is on companies involved in power, cables, and fibre optics. This sector is expected to drive the next leg of growth for the Indian market.
Investors should monitor the pace of infrastructure spending and the financial performance of these core companies. A sustained recovery in these stocks could indicate the start of a new bull market cycle.
Excerpt from CNBC-TV18
Published On Nov 8, 2026 | 15:39 IST Last Updated On Nov 8, 2026 | 15:39 IST Despite the global moderation in AI enthusiasm, domestic infrastructure plays, including transformer, cable, power, and fibre optics companies—remain attractive. The recent correction in these stocks is healthy following their vertical…Read the original at CNBC-TV18
Key takeaways
- Category: Stocks.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
