What are you getting to the metal pack? How do you see the numbers for Sail And what is your overall view for metal counters because a part is as partially done well. Post numbers, though Tata Steel Shots somewhere between 6% and 7%. Give us some sense how you look at the Metal stocks?
Amnish aggarwal: Metal stocks have already seen a rally and if you look at the numbers, the volumes of all metal stocks do not inspire most of the companies. Margins are mainly because raw material price becomes benign. So, not the price of the product, but it is the raw material gains that give them more profit and stock prices are because stock prices have been moved by 20% to 30%.
Today, increase, growth in volume should be taken. Dulatawa of protectors is responsible for giving some hope that prices can be maintained and the profit will remain healthy. If the benefit remains healthy, we cannot see any large cuts occurring in stock price with all metal companies. But in addition, from here, returns should be more moderate than what we see more than last month or two.
There are many counters pointing behind that, it is from ITC, Bharti Airtel, Whirlpool, Hyundai. Even the MNCS is looking for an exit in their arms in India, some businesses give confidence in investors grow again from here. In this list, have any stock where even after this market is absorbed in the market, strong growth of prospects?
Amnish aggarwal: We need to look at it in a custom case because many of the companies or MNCs are now holding the stock that is not ready or something, but because government regulations allow them to continue. Today, in most of the large MNCs, the class of valuations in India when you look at some of the durable companies like LG electronics or even Hindustan uneven Others, the market’s knot seems to be uncontrollably higher than the parts of the facts because Indian companies have traded a significant premium of where their MNC parents currently sells today. That’s how they encourage some of these MNC parents to throw some who hold there and change their resources elsewhere where many surroundings are found or things like that.
Now, as far as growth progresses, it depends on what is a lot of commitment. For example, if some MNC parent lessens the stake to say 15%, 20%, then they depend on the company’s business or how MNC parent’s business is technology. In many sectors where companies need to obtain a continuous flow of technology from parent, reducing stake below to say 51% in some cases, I think that is as negative.
Now some of the companies you have shown in the chart, especially some of these MNCs in the capital sectors like your ABB,, Siemens And many of these names, there stakes have anywhere who speaks 51% to 75%, a couple of my mind can also cut Ge Vernova at least 51, even if the company has been doing well. But technically speaking, any company reducing the stake below 51% is not a very welcome signal because you are not the majority holder of that company and in the longer term where your strategies are going to be, slightly difficult to say and that is how I would have to say how much and what type of r Company It is, what type of technology transfer happens and how critical are the operations of the domestic entity for its parent.
