We barely saw any action at the level of index in the last few days, perhaps everyone waits for some more action in TARIFF In front of the war, but what do you look at the market and any specific ideas you can share with us?
Sunil Subramania: We were at the beginning of the earlier income today that it would be to go to report. So, everyone is waiting for a breath of breath to find out how to seize the time of flow. Until yesterday the BTA is the top of the mind. But the news that comes out of the last day or two I don’t think we can find a hurry because one, that the issuance of letters across the country.
India is not in the letter, but noises come mixed. On one side he says, I will do a large deal with India on another part of India importing Russian oil to surcharge, he or she will explain a dollar dollar with 10%.
Then, he talked COPPER,, pherera. So, there are similar signals. And clearly from the side of India, the secretary of trade and the team will return to the US for talks. So, now Bta quits the radar in the sense that it doesn’t happen immediately and even the noise that comes around is that there is a three-sided deal.
There is an interim deal, perhaps in the next two weeks or more, then there is, what they call, round in a phase of September-October to resolve. So, it’s obvious that BTA is not like the hurry, that’s the big market change in the last days because all the days precedes a false alarm.
So, thereby whatever built around BTA expects some amount of correction, so you see that the order. Second, you see that mutual funds flow very loudly. The SIP book touches a long record. In addition, there are about 25% month-on-month increase in net flow of equity.
So, funding managers are clearly sitting in a lot of money, but they don’t deploy it because right now the situation can be specifically. Obviously, they will be careful about exporting exports because BTA is unstoppable, then uncertainty continues. So, the focus is clearly in local sectors as opposed to the export of the oriented sectors and inside the house, the two-factor infesting rate, what is the effect of rate sensitors.
The second is the flow of a lakh crore to tax storage to the middle class of budget, where people spend it or they save it. Initial reports from the banking side indicates that deposits grow strength and credit growth does not occur. So, it’s eager to wait and see how Constyer’s durables, discrution items, auto, all of these numbers they show) first with all a great topline growth and secondly how eps are. So, we entered that stage where everyone can be very specific in stock and seek for key data as bellwethers eg this example in this sector.
So, some of the big sectors may set in the direction, but my suggestion is that in the next two weeks you will wait and study these times. A good news where that in the last quarter the guides are more rotten because of the tariff of overhang, so that real numbers can be better than guides. So, on some extent that can be a positive market puncture from some counters. But as I said, we have to wait passively and watches the time of income today.
I would like to get your Telecom Space claim and specifically in Bharti Airtel because this is the second straight day where the stock sees withdrawal of good 50 parts. We know how and what kind of a multibagger Airtel Airtel is actually, but also gives the area of 5Gs in the terms of the “give us your definition of Bharti Airtel.
Sunil Subramania: Well, I’m sorry I can’t talk in stock specifically because I don’t have a registration with SEBI and I don’t track stock so.
Well. But your go to Telecom Space, still suffering?
Sunil Subramania: Telecom’s overall space I’m cold, but it’s an oligopoly. There are three players and one of them as you know provoked, demanding government support. Another, of course, is the aggressive and a dedicated telecom players that they are easier.
Inserting and total numbers for the telecom sector for telephony telephone, but how competitions with playing forces between three large players have too much – it’s hard to say.
So, if you ask me, I’m a buyer in Telecom, but I’ll spread my investments to all players there and you’ll never point out a loser you know that the other is a winner.
I am generally winning space because it is still entering and the power to go with them in those days to come, more, I want to comment on specific stock.
