“I am one of those guys who is looking for strength. I am looking for those companies that beat and that beat consistently because ultimately that is the characteristic of any wealth creator that you see in Indian stock markets. All these unglamorous, boring companies – electric equipment makers – tend to beat.”
“I think we are set for an industrial revival and as I keep telling people, it may sound a bit boisterous, but I get a déjà vu feeling of the 2003-2008 bull market because the sectors and themes that are moving are very similar to what had happened then. We are extremely overweight are: electrical equipments, capital goods, infrastructure. ”
Suri is overweight on Midcap IT space and NBFCs due to niche consumer base and focus on technology of the former and price and earnings growth in the latter.
“In every bull market, everything is never perfect and kosher. And then that is our job. We have to be really smart and see which of these are actually backed by fundamentals? If they are backed by fundamentals, yes, they will correct but they will not crap out. So you have to be sensible.”
“When decadal trends start changing, it does not end in a year. It actually gets elongated. The whole PSU basket is not just banks, it is also defence stocks, infra-type plays. So, going with the trend, being humble, accepting what the market is telling you, is what I have learnt.”