Mr Contrarian

Sankaran Naren, ED & CIO, ICICI Prudential Mutual Fund is well known as a contrarian with a long history of successful calls that he made against the prevailing market sentiments. In the tech boom of 2000, he found value outside tech stocks. In the bull run of 2007, he looked for value outside infrastructure, metals, and oil and gas. He searches out sectors with a lot of negative news and large institutional selling. Such stocks often offer more value for long-term investors. What he's buying: Power Grid, Zee and Idea True to his contrarian knack, Naren has picked up Power Grid. This dominant power infrastructure company that most investors would give a pass is Naren's top buy. He has invested Rs 1,215 crore in it in the last three months. Power Grid continues to offer fantastic value at 12 times