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D-Street veteran says market set to replicate late-90s story; pharma, IT to lead the way

image NEW DELHI: The coming decade will mirror the late 1990s to an extent with the pharma and IT stocks leading the way, says Kenneth Andrade, a Dalal Street veteran and founder of Old Bridge Capital Management.

“In a way, we are probably getting back to the way in the 1990s when the economy was driven by exports. The domestic economy was repairing before we took off in the following decade. A little bit of government spending this year will aid it, but companies will largely deliver sizable ..

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