“If you look at the kind of companies where the stocks are going up even more are the ones that are not even covered by many research houses. So the stocks that are the smaller ones, not in any coverage by the sell side are still seeing a lot of rally. So clearly, there is some irrationality.”
“I would not call IT a high-growth sector anymore but one that is more defensive, stable and a core place to be in. As the risks towards the global situation increase due to geopolitical tensions, IT may be a decent place to be in because they have inherently a lot of cash on their balance sheet and even if there is a little bit of a slowdown, they can weather that through.”
“India is undergoing a structural change as an economy. When India s GDP per capita rises, which I anticipate will happen exponentially, we cannot just limit ourselves to large cap names because there are only about 200-300 of them.”
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"Till year end, I do not expect any volatility coming from elections. The US election narrative will only start sometime in the spring of next year. The election is not till November. We have more than a year right now. I would not worry about the election at the moment. In India also, I would not worry so much about elections."