“Many of these PSU stocks have become meme stocks in India. So we have all heard of meme stocks. A set of HNI investors catches hold of these stocks. Liquidity is limited and then they get pulled up easily. And then retail investors come in in a big way. I think people should be very, very cautious of these moves.”
“In terms of premiumisation, we are really at the beginning of a runway here for the whole kind of movement towards luxury goods and experiences and that is what the market should be pricing in and will continue to price in over the next two to three years as well.”
“A very strong premiumization trend playing out in the auto industry and even if volume growth is high single digit, the actual revenue growth is transiting into mid-teens or even higher because the average selling price of the models across the board in all the segments including tractors is going up. The next few quarters look very exciting for the auto industry.”
“I guess, people made a lot of money after Covid and they are looking for avenues to invest. Even after this runup, many are sitting on a significant amount of cash. So, even now, the liquidity is not completely exhausted. I guess it is just the money which was probably printed during the Covid times, which is still making rounds.”
“The entire capital goods is one pack which looks very interesting to us. Hospitals is another segment which we are very positive about. Third sector is private sector banks where the valuations are at a multi-year low. ALso on the consumption side, we have been pitching for some of the discretionary names.”