원문 보기
This year's theme of Motilal Oswal's 19th Annual Global Investor Conference is ' India: Rising Nation on the Move'. There is no doubt that India is currently the shining star of the world. India is very high on the charts of economic prosperity and while the world is grappling with various problems, investors are seeing umpteen opportunities here.
The fast-paced economy, the exciting demographic dividend, reforms are all attracting investors. Joining us from the sidelines of the conference to discuss India's growth story and the Indian market is Ramdev Agarwal, Chairman, Motilal Oswal Financial Services. Ramdev ji, good morning. First of all, I apologize.
I wanted to do the interview there. It's a lot of fun because I look back and see that there's a lot of activity going on there. And this, in my opinion, is probably the biggest conference you've ever held. No, the conference is held every year, among the biggest India conferences, but the thing is that this time the response from investors has been very high, meaning corporates.
2004 have come and will remain so, it is the highest every year but the investor's response on meeting requests is something like 17-18 thousand meeting requests, so right now you can have eight to nine thousand meetings with 200 companies, according to everyone's convenience, so clearly the excitement of the investors is very high and also come from what is it now, this is the first year after Kuwait, so many people who are from big size have come in such groups, uncle and text people, many such people have come, 200-250 people have come, so it means there is a lot of excitement in the entire conference and the special thing is that yesterday when we saw five-six presentations, it was down, I was on track and just like we people from the stock market say that brother, demographic, they talk about growth in every way, so it is not like that, the storage of corporate is different, that is, the atmosphere there is also of some excitement, of optimism, it is ambitious, the special thing is that the corporate, although we have selected, where But the bulls are good, listen to the corporations, but still, I mean, the presentation, I think, in Paisa Real Estate, Anuj Puri presented it, in Dalmia Cement, I think the presentation of which you are kind of clearly outstanding and bulls Rameshwar, so I am focusing on both of them, but normally, in the last two years, sometimes investors were speaking, so perhaps there was no corporate police, sometimes there was corporate police, so investors were not policed, are we now at that time where the corporates are bulls, promoters are also speaking, and investors are bulls, and because of that, sometimes there is a bit of fear, isn't it that everyone is bullish, that is not the case at this time, but look, one of the biggest changes that has happened before and now is the retail equity revolution.
Yesterday, I presented in its big, this, your 100, 40, 4 crore people who used to participate here, has increased from that to 12 crore in 3 years and still around 2 crore every month. The public is coming, this atmosphere is like a small drain, it has become a small river, now that small river has become a Rudrama form, there is a huge turnout, it is becoming a big river like Ganga Yamuna and going by the story it can become independent, that is, there can be a flood in it, so this retail money that is coming in at night 15-17 thousand crores, but I said that it is a different change, how to understand it and what will be its power going forward, it is important to understand that you liked Anuj Puri's presentation very much, Real Estate India Realty Defined because we always talk about reality, so what and we have seen this Ramdev sir, real estate stocks are doing very well, but the insulin places of real estate like policy, astral, ceramic stocks, there is a stormy rise in them, what has he brought out in the presentation, is there a storm that is brewing in real estate at this time, it is becoming sustainable, but according to him it is becoming sustainable, that is, the presentation is very bullish and whatever micro trends are there There is demand on the ground, that is good, but what is the matter that earlier there were 22000 builders before RERA, now there are hardly 30000 builders and there is a lot of consultation happening in the big larger carrom builders and small builders too, sometimes more like land aggregators, so there is a role for everyone, but the future of the customer is changing, friends, they want constructed properties and there is construction inside, so there should be a lot of reported people, so there is a lot of churning going on in this type of sector, so I said brother, this sector means you have a lot of problem in China, there is a bank crisis there, this is happening, then they say that you have no idea how big the expansion has been there, and here in our country, in all the eight big cities, together, around 10 lakh houses are sold there every year, so they did a lot of over construction, a lot of leverage, due to this this has happened a little, but in India it has just started, so the size of both the countries is the same, for the next 10-15 years Even if we reach 40-50 lakh homes, it's a huge story.
Absolutely. You talked about Daal Mein Sahib. These days, he has actually stopped talking to the media. So, please tell us exactly what he said and what did you like from his presentation. What kind of view do you have regarding cement at this time? Ramdev Sir, like he talked about growth, he said that there is growth momentum.
Speaking of block uncle, it had reduced in the middle and now again it has grown by 10-11% in the last two years. This is his understanding that there will be 8% growth in the next four-five years. And Dalna Cement, basically get consolidation done. Big Four means your Ultratech, your Danish and your Shree Cement and these are their big ones.
I think the bills have 55, 60% and 65% market share and going forward, according to them, this consultation will increase further. So, no, this is coming again of the game of consolidation and increase demand. So, their own The production is 55 million to 110 million turn in by you on 30, so I thought this is enough, isn't it Sachin da lot in de password, every presentation has its own merits, like you had a bank presentation, I talked to him about bank, ever you know forever bank type, so I mean only presentations of good companies, but the mood is quite exciting, I mean I am telling you this, but we have talked to him before also, for this I asked him a question in his big, no, today's line is also I am seeing it quite interesting and I came to know that maybe it got a little late in starting, maybe there was some traffic jam near Hyatt, but in today's line I was seeing one name of Aditya Ghosh sir, who played a very good role in Indigo and now he is also the founder of Axa and K, he is comfortable sir, normally it is said that no one has ever made money in aviation, but this time maybe there has been a slight change, at least Indigo has made it like that But this one is telling you that there is space for more airlines in this space, money can be made, see there is a lot of space in this space because India is such a big country with a huge population and the income is increasing, so there will be a lot of flying, domestic and international, it is a service based economy, a lot of international traffic will also be generated, there will be tourism, so in every way such opportunity size is very large, but is the whole world not only in India, world war is not a very big 100-200 billion dollar aviation company, so no story, in this I have a structural problem in the industry, whether you are regarding fuel, traffic, government regulations, airport charges, Osho, there is a little pressure in this, this industry runs in India also, there is a net negative network of such industries, the whole industry means current profit is good, but if you see, the network of the whole industry is negative, so it means to say that the size is very big, but to say that you know that there will be a lot of money in it, the profit margin is very small and but still new stars will come And they bring their own unique business models, like Southwest Airlines, in America, they will propose this kind of niche.
I think about Chase, you make money, absolutely brilliant. You have called it that. And another name that I find very interesting, and quite different, you thought of it is Sudhanshu Mani ji, who has been a hand behind the Vande Bharat Express, and this is a regular, because there has been a revolution in the railways as well, in a way, it is visible in the railway stops.
Ramdev sir, this is a big theme that the bank is launching here. What would be your view here? Obviously, that presentation is honey, so if we know about it later, I will ask Gautam today what kind of representation it is. But what is your view? Look, we were talking to all its suppliers who are supplying equipment and software, so the size of the order that we are talking about is very big, that is, we are talking about orders of 25-30 to 40-40.
Brother-in-law, the face of orders, you will understand more after hearing from them, but brother-in-law, starting with this various arrangement, Anuj, what do you have to understand in the market, where are the terms being introduced, like digital, many tables have been introduced, then after that, like if you get health insurance, then by taking health insurance, you will earn money from health, but its suppliers, which are flourishing in health, there are hospitals, pharmacies, hospital supplies, all of them are different, so after that, see, after your RERA, the houses that will be built in reality, and like 4 crore houses are built, right now 4 lakh houses are being built, if there is momentum in all this, then it means that it will be a payment in itself because all the things used inside the house, be it fans, cables, tiles, paints, all of them will also increase in a way, so gradually, one after the other, and this is aviation, keep in mind, the traffic is building up in a way, you keep building airports, and in other words, you keep adding story to story.
So clearly there is a silent revolution in aviation also so the new people who will come there will get a unique business model to earn money so many such such investments are being made and this Vande Mataram which is a complete capacity bomb in itself, whether it is of road or railway, I think it is creating opportunities on Dr.
Sarita and all the companies which supply wagons, make tracks or signal or provide software, so I think there is opportunity [praise] a lot of emphasis is being given on this from your two presentations regarding IT, from Shrikant Vel Makrani ji's factory and office, Nitin Rakesh ji will be the CEO of Emphaas, this Ramdev sir is one thing that perhaps a bottom has been created in IT and going forward IT and whatever else there is, robotics, everything, actually only Indian IT generation will do it, it will not lose, what is your view on this space, my understanding is very limited.
There is this, from where I said organization because brother, however many of you are there, however you are, but call everyone, we will try to understand brother what is its impact, exactly what is your thinking, so from where Nitin Rakesh has been called, yes Services sir, then these analytics people have been called, they have also been called, so now let's try to understand the mood, a lot of presentations are also being made, what is the impact of AI, Aman, this AI is a turning point positively on the Indian services industry, I am and this new one has come in itself, a new bundle of services, apartment, whatever was going on, a new opportunity will be available on top of it, more service, more opportunity, this type of environment is that it will current everyone, that is, we will make 10 people into eight, we will bring them together, this is some kind of environment, all this is very stormy, you see today so much is happening, so we are trying in every way to see what is its impact, well Ramdev sir, Pune Chatwal ji is also coming, I went to your conference 2 weeks ago, his Taj Landslide In the property and I had noticed one thing that even after their breakfast area being so big, there was a waiting period of 1.5 hours, so I think the occupancy is running full at this time and now what about the G-20 conference, the World Cup, which they had for two years, now they are in a complete mood of revenge, I do n't understand that there was no such land, only Covid, that's one thing, everything got banned, then people came back, then once again there was a revived travel, but now what about revenge, now it means it's been two years, now if it ends then it's been a year and a half, so now everything has become normal, even after that the demand is very accelerated and now like I read in some paper that Patel industry is talking about this trillion dollar GDP addition by them only in the next 20-25 years, so they are talking very big, sir it is intensive, if more, what about now, for a long time, I feel that inventory has to be built, you see in Mumbai, Mumbai For example, no new hotel has come up in the city, there have been no additions of new rooms in the last four-five years, which is meaningful, so what happens with this is that when the traffic increases, your pricing power is very good and I think, friend, passing through data face, when you are running at almost full speed, you are getting pricing power on top of that, so but now see the profit, if new hotels come then how does it happen, how fast, how much does it come, that should be seen, absolutely good, everyone from Bollywood was invited, Ram Sir, normally you are the bullet for entertainment, Pawan from Indian Idol is there, but I don't know, till now I think it did not come to my notice that today is the track, today there is some presentation, I don't know, at the last minute, but I think Bollywood is present here, okay, I was seeing that in your company interaction, more than 200 Indian companies are leading Indian companies, Ramdev Sir, so I mean, well, it will not be possible to talk about everyone in detail, but in this entire list, on which themes are you focusing the most?
[ __ ], which management do you have to interact with yourself, oh, do I have any brains, or what, I left for two days yesterday, today is also a full trek, so I will stay here downstairs, you know that all the meetings are held in the room upstairs, so I will go from that room tomorrow, tomorrow I will try to have four-five meetings and advisory, or right now I am just meeting investors during the break and I am listening to you, whatever the trek is happening here, so you talk to Gautam more, Gautam will know more about where the discussions are taking place, I will talk to Gautam as well, I will talk to Gautam today in the afternoon, we will get all the other information from Gautam, ok Ramdev sir, but tell me once, now about the conference, well you have talked, you have also seen the investor mode, is a complex of NC being formed in the market right now because I am working on this because inflation is coming back down, you must have seen the face of the closed deed, overnight, what kind of masses are coming in it It is like this that selling is also happening, now we can say that domestic is participating a lot but the story is going the same, midcap and small cap are being sent in a similar manner and there is no connection there, is there a little bit of a risk being created, look at the relationships, it should be such that in big, you will not know whether it will come, like right now we have 10 air papers, something went wrong there, there was food inflation, there was some flood and these people are also giving 5% fund, I think that we can create a global economy in the sense that then they will have to raise competitive rates, all the central banks will have to do whatever the market wants, like India or other economies, their corporate debt bill, that is, if anything happens then again you know there will be a little bit of a mini slow down and I can also challenge the current confidence, sir, so it is going a little bit like it is in a bit of character mode and the region is going to be what is happening in that, so this will keep coming, it is very difficult to motivate anyone, but the confidence that is there in domestic retail and what is the other thing, copper Turnings you ok don't forget the silent rice in the copper turnings, that is ours, see we had a bowl expectation that Nifty had 25% growth this time Ritu but I think after both of them I am seeing that the quarterly estimates that we make have gone up by five to seventy percent, generally ₹5000 so this cycle of upgrade that is going on, our expectation is ₹950-960 in the current air if the data turns out to be at this nine six nine seventeen so then they are very comfortable situation 18's training will be done by the way you don't have to fear a lot of collection deep collection the rest will keep going up and down by 5% Ramdev Sir I really enjoyed talking to you, it is fun every time but it was great talking to you today and thank you so much and now you go to your conference and obviously in the afternoon we will again talk to Gautam in the big part of this conference but join us today Thank you so much Ramdev Sir for this.
We will take a small break in the Market Guru series. After that, stay tuned. The scene is also with the same voice
Comments 0