The South Asian country was among Mobius' favorite markets even before the pandemic. The investor, who is founding partner of Mobius Capital Partners, said it's "quite amazing" that India's Covid crisis has not affected the stock market much.
"But generally speaking, we know that this is going to pass, that people will get vaccinated and the numbers will come down," Mobius told CNBC'sWithin India's stock market, Mobius said he likes software companies, health-care stocks, as well as firms providing equipment and materials to infrastructure projects.In the commodities space, Mobius said he continues to like gold.
But the veteran investor said he's "not that excited" about the oil sector. That's because oil prices have had an "incredible run" as they recover from the pandemic crash and may not rise much more, he said. "I think we're probably where we should be, $60-$70 a barrel so we're not going to see an incredible boom in oil companies," said Mobius, adding that some firms could still be interesting, though he did not specify which ones.
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