S Naren's Investment Playbook: Hunt for 'Unloved' Stocks in Mature Market

• S Naren, ICICI Prudential AMC CIO, shifts focus to careful stock selection in a mature market, moving away from broad sector bets.
• Identifies opportunities in specific companies within pharmaceuticals, healthcare, and software, where prices have corrected meaningfully.
• Strategy targets 'big underperformers' across all capitalizations (micro, mid, small) that investors have abandoned due to non-performance.
• Emphasizes thorough research on these unloved stocks with intact long-term theses, aiming for 15-20% returns.
• No broad sectoral calls; asset allocation without precious metals like gold and silver is now considered safer.

Why It Matters: S Naren advocates meticulous stock picking of 'unloved' underperformers in a mature market.