Interest in India has been rising steadily among investors, thanks to its growing economy , strong stock market performance and burgeoning population . Amid some talk of an Indian stock market bubble , however, Pramod Gubbi, co-founder of Marcellus Investment Managers, revealed how he is playing the market.
Calling it a "national champion," Gubbi says the company is benefitting from a "consolidation wave" in the industry as consumers seek out established brands, rather than smaller mom-and-pop jewelers that historically dominated the market. Tanishq's "management spotted the trend that working women wanted these elegant pieces and were moving away from heavy jewelry. And they have been doing a good job serving this niche," the investor added.