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Hiren Ved says: “I continue to be extremely bullish for the next couple of years. There is no reason to be bearish. You should be mindful of what you buy, at what price you buy. You will have to keep a long-term horizon. But the kind of wealth that we will make in this cycle is going to be unbelievable. Meanwhile be confident and prepare for the worst.”
“The IREDA stock has done quite well. I am sure you know about it. And I think going forward, we feel that a lot of other stocks and the entire other sectors, and especially in the financial space, looks quite promising. One should look at booking profits at this level.”
“We have a strategy that we call concentrated microtrends where we are really focusing on those parts of the market where we are seeing value creation happening. For example, in BFSI, we see these banking franchises as being one microtrend, asset quality normalisation being another microtrend. The entire space looks very attractive over the coming decade as India as an economy grows.”
“We find real estate to be very attractive. We are playing it through real estate, cement, building material companies stocks. We are trying to identify companies which have got the right balance of growth and valuation. Because of the kind of run-up that we have seen over the last four, five months, a lot of the stocks, have become very expensive in terms of valuations. We are trying to strike a balance between growth and valuation.”
Mukherjea said the first thing he considers in any investment is the clean accounting. He said the are about 300 BSE500 companies where accounts are believable.