Where do you find markets leading now, the type of punitive we see in APPEARANCE On Friday, do you believe in lasting current and the sectors leading the course last week, you also believe they will continue to take ahead of this week?
Sandip Sabharwal: Yes, I think about it, because RBI actions are very important. And indeed, many other auto-like sectors are more likely to participate, because they are very strong beneficiaries to break justice and rate cut cycle, but for the rare issue of magnets. Otherwise autos can be better than they do on Friday.
And if that sector remained covered for concerns around these items and apparent shutdowns, and so on, so in that time you will get opportunities to buy these stocks. If not, what the RBI is committed to the type of tax breaks given by the government for the middle class this year, the higher government spending, in general inflationSo this is a perfect combination for the reconciliation of economic growth and such play, markets should also be good.The one point I want to talk about is that this Big Bazooka they give, I mean, not just cutting the policy rate, because it’s a space inside financially. Tell me, how is it helping the MFI sector? And are you going to be an investor here?
Sandip Sabharwal: Yes, I think most of the companies focusing on MFI conducts somewhat distressed valuations. And there were two comments, specifically, one that the RBI has clearly stated that they see easing stress on the unsecured loan book, especially for nbfc and more specifically for mfis, although there would be some concerns related to some static Bringing out new laws, etc, where some specific company could get impacted, so that has to be more minutely analyzed. But that comment is united with the fact that MFI borrowers have the ability to vary in other parts and still maintain MFI category, because risk becomes better on balance sheet. So, in general, it is positive for the MFI sector, even for gold borrowers where the rules are being raised. So, something is given to everyone.
If only you can highlight some of your best favorites within the financial space. Of course, it’s not just MFIs, gold finances, actually good news for most of the stocks, but what are your top bets inside the financial space?
Sandip Sabharwal: The larger bank can continue well, including ICICI, HDFC, Axis, KoKak, etc. some of the PSU Banks see a reconciliation. Therefore, because of the more underperformance, we have recently been added Sbi also in our portfolios. The other part can benefit, obviously NBFCS has benefited from a significant cycle of emphasis than in MananPuramic, Mahindra Finance, Bajaj Finance, etc, between NBFCS. But then there are others to benefit. So, investors have many options. But overall, for the NBFC sector, this rbi has been doing over the last few months is a much more significant positive than banks per se because mostuce so much so much immediately and it is more or less banks have more or less Banks Cut rates by 25 basis points, but for nbfcs which tend to be bulk borrows, significant monetary easing is much more positive.
Realty pack, where do you comfort buying a fresh or add or even some HFCs, maybe that’s a better play.
Sandip Sabharwal: I like different nbfcs better. So, I will focus on the targeted financial companies to continue to deal with more and more margin pressures as the liquidity. So, it’s better to be in different space. In the real estate sector, it clearly benefits the real estate sector. But at the moment, I did not find relief to buy any real estate companies of these values nearly 850, so the rallies at the end of one or two months of most rally estate counters are very important. It is difficult to find value. But to correct, we can still check.
Where both companies actually see what they can do the best. But it is a big issue currently emerged for car companies specifically with the lack of critical rare magnets in the world from China. What do you mean how severe this effect on Indian Indian Indian industry and other sectors, given the fact that we have a lot of reliably in China if it is the choice of magnets?
Sandip Sabharwal: So, there’s a lot of news to go where the effects can do. The direct effect is more than the vehicle’s route immediately but apparently go to an electronics, and so on, so it depends on how loud it is. So, it’s not a supply question. The supply there, the supply is not given, that is the issue.
So, if it is resolved or not, we don’t know. In the evening there are a few news flowing news that China approves the goods of some European and US customers. So, the point is, Is India singing or this issue to solve? So, there are so many moving pieces. So, we need to watch over it. EVs apparently more affected. So, with those companies with a larger EV portfolio or more trust EVS only or wheels of EVS companies, and others, those who can solve more than four to six months.
