Valentis Advisors founder Jyotivardhan Jaipuria has avoided software for the past 15 months due to the low level of future visibility for such stocks. He has also avoided global commodities due to the potential struggle that a global slowdown could cause. Jaipuria has also remained away from consumer staples due to their expensive valuations. The firm has been looking at companies that struggled last year due to high commodity prices, such as cement, ceramics and wires brands, as raw materials prices have fallen lately potentially offering increases in margin.