'It is the time to buy stocks' — Sunil Singhania's advise amidst 'peak fear' signs

Sunil Singhania of Abakkus Investment Managers said that he is getting more constructive on Small and Midcaps and that this is the right time to buy stocks.

In an interaction with CNBC-TV18, Singhania said that a lot of parameters are starting to flash "peak fear" and that is evident from the fact that a lot of investors are giving up and throwing away stocks.

He went on to add that he would stick his neck out at the current juncture and say that it is the time to buy stocks currently.

Indian equities have been facing relentless selling pressure from foreign institutions and the recent geopolitical uncertainties have dragged the Nifty 50 index down by 1,200 points from record high levels of 26,374, that it had hit earlier this month.

This is turning out to be the worst start to the year for the markets, with the fall being more pronounced in the midcaps and smallcaps, where he is starting to turn more constructive on.

Among the sectors that Singhania is betting on, he named financials, pharma and metals, limiting it to an allocation between 8% to 9%.

He advises investors to focus on companies with more visibility of earnings and reasonable valuations.