Hiren Ved stated in his latest interview to CNBC TV18 that he has no Banking stocks in his portfolio because Banks are suffering a double whammy. On the one hand, they are unable to get cheap deposits from customers by way of FDs. At the same time, the RBI has imposed restrictions on their ability to give unsecured loans which was a highly profitable activity. If people are investing in SIPs of Mutual Funds instead of placing FDs with Banks, are not Capital Market stocks better than Bank stocks, he asked. He suggested that a capital market stock like HDFC AMC may be a better investment than HDFC Bank.
Hiren Ved also stated that the manufacturing theme such as Electronic Manufacturing Services (EMS) is a trend which will thrive for another 6 to 10 years. He is also bullish about the high-end consumer discretionary stocks (such as Ethos) and the premium liquor stocks (such as Radico Khaitan).
Ravi Dharamshi stated in his latest interview to NDTV Profit that he is very bullish about energy transition. It is a giga theme in which he has highest conviction. He pointed out that many Cos in this sector will become so big in 5-7 years that their present topline will become the bottomline. He explained that from that perspective, the present valuations are cheap and are worthy of a buy especially during steep corrections. Solar modules, green hydrogen, ethanol, EVs are the sectors prevalent in the energy transition theme.
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