Atul Suri says technology is a decadal trend: Here's why – Times Now

Mumbai: The big theme of 2022 is that there is NO ONE THEME, says Marathon Trends PMS’ Atul Suri. The expert believes Indian markets are on a strong footing, nearing all-time highs, but adds that we will not see a runaway rally.
In an insightful conversation with ET NOW’s Nikunj Dalmia and Nayantara Rai, Suri says the market is seeing a churn–away from growth, towards value–as interest rates are set to rise. “What you see in the past 15 days, growth has taken a bit of a pause and value rally seems to be pretty strong,” he said.
He remains “extremely overweight” on Speciality Chemicals, and even though it will not be a “one-horse theme”, Technology remains a multi-year trend. The beaten down sector is a play for the next five to ten years, and can offer interesting opportunities on corrections, Suri believes.
“Every business requires tech services,” Suri asserts, “be it in autonomous cars, online banking, metaverse, or even crypto”.
In summary, it is the backbone of all businesses globally in a fast-changing world.
Moreover, healthy earnings will provide a take-off point for many companies in the sector, which is key to look at while making any bets right now. Suri is of the view that select midcap tech stocks have the capability to turn into largecaps as they continue to impress in terms of quality of earnings. 
However, an important caveat is to remember that sustainability of earnings is key to distinguish between the winners and the also-rans.
Besides tech and speciality chemicals, Suri finds the metals space “fascinating”, says we are currently seeing a “supercycle” in the space, but reiterates that earnings will have a huge role in deciding how the space plays out.
His Nifty target for the year is at 19,000 on the upside, with 16,000 on the downside. 
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