At macro front my thoughts
When the US, UK, China market goes down due to inflationary pressure all there will be hit at the small extent to global market too…
My reasoning : commodities, demand/supply, price
Price of commodity will get hit if the market boils down
Secondly correction of demand/supply
Lastly the price relation : if the country is the low cost producer then it’s a definite runner… in such case is India where it’s standing now…
If I have to put all this things into a tiny mustard then I would say for India to grow strong in GDP the only way is to export from India and get money into India to become 5 trillion dollar economy…
Next I think the pressure will be in US banks due to high interest rate, lending… I don’t know how banks will take this hit plus they also have covid excess…
Am quite staying away from IT, Newgen is the sole reason that I exited and am also hearing from the Newgen management that they r increasing exposure to Middle East, Egypt and other Asian countries.
To top this up…
small, mid cap has run phenomenally well this year and the valuation is not attractive and also we can see sluggishness coming in…
So now these are my reasons… I don’t see anywhere positive at short time but definitely long run Bharat is in the strong position…
Open to construcitve criticism : am just a person who collects aggregates the information and makes my own view…
If I am right it’s good for me if am wrong it’s good for me… so open to any constructive criticism and open to learn much more here…
Disclaimer : this is not a recommendation now any post in my thread is not a but or sell recommendation… am just sharing my thoughts and knowledge for educational purpose
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