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Old Bridge's Kenneth Andrade prefers metals, pharma, and autosKenneth Andrade, Founder & CIO, Old Bridge Asset Management, said investors should focus on sectors linked to global demand and inflation, while being cautious on valuations and margin risks in the near term.By Prashant Nair   |  Reema Tendulkar   |  Mangalam Maloo  April 23, 2026, 12:31:28 PM IST (Published)1 Min ReadKenneth Andrade, Founder & CIO at Old Bridge Asset Management, which manages funds worth over ₹7,800 crore, expects cost pressures due to rising energy prices to start reflecting in earnings soon.

“Someone’s got to take that hit somewhere,” he said, pointing to margin pressure across sectors. “We don’t think it’s a very broad-based market,” he added.

He expects manufacturing-linked sectors to be better placed, especially those with global competitiveness. Areas such as metals, pharmaceuticals and automobiles remain key allocations, supported by exports and scale advantages.

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Andrade also indicated no exposure to IT, citing ongoing weakness, while financial exposure is focused on select non-banking financial companies (NBFCs) benefiting from recapitalisation trends.

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On commodities, he said the cycle is not early, but profitability could improve as both volumes and prices support earnings. He added that metals are now more of a balance sheet repair story driven by cash flows.

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