Is the call still to make a Domestic focuses on portfolioSay, Defense Wants, Consumption, Infra perhaps?
Puntaa Kumar Sinha: Yes, and I think financially. Especially in economic economic acquisition, there are some sectors of the financial sector which is focused on the poor part of the household and pressure history last year, that sector can start viewing. So, I’ll tell some of the NBFCs to start looking better and that’s where I say there’s more room because the last sector starts with underperformer.
I will still focus on small quality and defenses and FMCG with better monsoon to see some pickups too. Defense, of course, we need to. Each country to spend more than defense and on the geopolitically and in India-Pakistan condition, India clearly invest in the defense sector. And then the government’s capex, I’m not sure if I’m so much, I mean GST collections well, and however, but I don’t know what Government Government is.It’s a don’t care space and, of course, right about, there are concerns about how much money spending or expenditures to be strong at first. What are you taking today because it is a good unexplored sector for many months now, while the market is ordered forward. Do you think it’s a chance to play it? And now with some negotiations in the countries on the table, do you think it’s a chance and it’s not bad?
Puntaa Kumar Sinha: I mean, i think it is still in a pause situation from the capex from the uses that discretionary spend on it is still on pause because their own economic situation with tariffs and immigration and visas all of that is still un like the spend side which Would be required for it companies to start seeing bigger order books, that has not happened yet and that still remains a little bit uncertain.
But valuations clearly reflect our growth in uncertainty. So, its sector is not expensive, but no one is a real reason for today. But I am certain of some things to continue ahead of trade, in front of the immigration, in the bills of President Trump etc., and maybe that’s time to have a sense of useful for this sector.
The last time you suggested to have a portfolio which is more domestically focused, but now that we have a clarity on where the trade talks are headed, other than that, do you believe it is the time to once of the export related sectors, any Take other than it, any take on Pharma, Chemicals, any sector which is more overseas exposed, do you believe it is time to look into some of the sectors?
Puntaa Kumar Sinha: No, not exactly because I still think that the domestic sector and the make in India Sector has much more potential than make in India is a beneficiary compared to the loss from China and some of the other emerging markets, asian countries, I still think how the trade talks With china and other countries would go and what impact that might have on the export sector and i do not think the india-us trade in, so I can still be able to control what is dependent on the local sector.
