Putting the short word as you say behind us, what should the ideal portfolio build today, what sector should be or a person’s portfolio.
Vikas Khemani: Look, again, you don’t change each day your portfolio build. I say India always remains one of the most beautiful market in the world and your portfolio should show up to 5-10 years of view and we cannot do any tactical thoughts. So, from that point in view, banking, financial services continue to remain greater exposure for us specifically in the present context in which interest rates.
So, last six-eight months we are very much – so much. Second, making something a very large figure that comes here for some time, many opportunities will come. With course, there are many mental trends because the production is a wide subject between chemical outfit of footwear to make footwears in parts of the shadow of pharmauticals in pharmautes are very broad. So, you can play inside things, but usually talking to the titwind is in favor and we think new chemicals will return to an interesting place.
We own a lot of CDMO. So, doing as a basket is a good basket, tell me, to stay there. And the third bucket where it usually tells a little less options is available but still available options available in basket of consumption across and you will not be needed. So, if you allocate your capital around these three wide buckets, only one part, you need to know the right set of companies, I think you need to fix this journey.
But you mention the chemicals, so with that note, I also want to ask you about some more crude sensitivity, your refiners’ preferences, except tires of aviation, wheels. Since you already discussed chemical, is this crude spike and the following immersion in some of these sectors makes these sectors are attractive to buy now for a long time?
Vikas Khemani: Also see, this is not the first time we see the value of the cross. So, because of this brief event when you get a company you want in a retractive Ever8, sure to have a case to look at and it also varies between the company. It is very difficult to call a sector because inside the sector also has different sensitivities and therefore one should take care of seeing some things, always having a good outlook, they always have a good done well done well. For example, I think that pidiliite whenever rises the oil price, the stock comes, but that of common opportunities, it seems like each stock and one needs to know more details on each of them. Give us some more meaning to what you really want within the Auto Ancillary Pack because most of which we hear is to withdraw some parts such as aero defense. So, any particular part of the inner ancillary car or you want some of the different games?
Vikas Khemani: See, too, Auto Ancillary is a common thing and I can just say the basket, but every company has a different business model that someone needs to study. I mean, our own names like endurance, auto appeal that we want because we generally positive to individual companies and we find danger.
So, according to me, it’s about understanding the spaces, companies with no ice breaks only. So, you should take into account your view of a company what is exposure to transition, what is market exposure, what is exposure to export against exports. So, all things should be considered and each partially have its own margin profile and capital strength. They all need to look before investing.
