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Welcome to the NDTV Profit Town Hall and Our Guest This Month on the Town Hall Is Non Other Than Ace Investor Vijay Kedia Kedia As we head to the studio, you begin Before it happened, someone was telling me a song. Should we instead of walk and talk to sing? end talk Yes We Can so that song is like You asked in that, isn't it from the bottom market?
Where is it? Yes. So my song on that was that no one should understand I have not found it, no one will find it. As long as you keep taking Will make a new low. He will get tired and will sell himself. The bottom is right there. This is the bottom. There is no information about this bottom. Wow! This is an illusion.
And this illusion is not Some idea. Wow. This is the dialogue from Where You Know We R Starting of the Whole Show vs Vijay Kedia. So the concept of town hall is to Get more than one view coming in kick that you If you have come then why should I be the only one asking questions? We will ask everyone questions.
Our entire team Here in our studio. we our Will also take questions from viewers. Please Sir S We start and we will try and get a Sense from someone who is excellent at Reading the Markets. that really is vijay Kedia. Every time we Google anything of yours If you do, your top comes out first. List of investments.
What is the latest On your list? No, there is nothing latest, it is just me. There is nothing new in the latest release yet. Is. No, you are evergreen and latest too. Is. I'm talking about you, you know, you're unknown To pick winners. So the latest I think which is in the public domain Quick Heal Your It was a bit interesting.
You looked at Websl You looked at a few in the You Know It space Companies in the cybersecurity space Why do you find space interesting? No, what is this, quick heal etc. It is expensive. Now people should think carefully It should be taken because the company is currently on a turnaround. And it will take time, it seems.
From call call etc. So one has to be very I took it in Careful and Websol etc. It was there but after I took it it increased. He went to I think there's a little bit of market A little peace and a little thought Needed This is not the old times, Take anything and anything will increase that time I think it is over in the market that one has to be very careful and thoughtful One should work with understanding.
We were here when we were coming to your opening The song talks about a new bottom, a new low. Talked. Have we made that bottom? Because we are seeing that in the markets Today is well? Brent 100 after 80 days Has come under. The bond deals you Giving indication. what you are seeing Right Now on the Screen.
Are you Vijay Kedia? S an astute investor feeling like the Worst is over? No, it is difficult to say which is the worst. Over because worst is over means empty now We cannot see India in isolation. Are. The whole world will have to see that Worst is over and here's the individual Each stock has its own individual care.
It remains ours. So we are talking about 6500 shares. Are doing. So it is difficult to say that The worst is over. And as far as the index is concerned The question is, this is also very deceptive. this also No one gives you accurate market data. Because right now in the index, understand 30 There are shares.
Sensex Nifty, you talk about Sussex. Yes, there are 30 in Sussex. Nifty has 50. Understand. Now if you buy 10% shares out of 30 There are those that have the most weightage. For Consider the example of banking bank or NBFC. 5 shares of Reliance 10 shares of Reliance If we take it out, we will find that 1/3 Index similarly more affected than them Is.
So it does not give a correct picture. The index gives the true picture of the economy. I think the picture is correct. Is the Indian are Indian indes out of Date? Maybe those people because now you see If something comes into fashion a little bit, then It is then put in The old one is then thrown away repeatedly I don't know who you are talking about It keeps happening, okay, they also have someone of their own They will have a matrix to do this but they I think that is completely correct about the economy.
The index does not provide the data. It is not a complete real indicator of the economy. Which is actually going on under current That is not a true indicator of it. What is the undercurrent right now that is real Which of the following is going on in the economy now? There are sectors that offer that kind of opportunity.
Who are you telling? See what my work is as an investor. Like I have a coat that stays Invested in a sunrise industry at any cost Stay out of a sunset industry at any Cost. So what is my job? That's what my job is This is to understand that in the coming 10-20 years How are you going to go? which sector Who will be the Sunrise Sector inside?
in that I could be wrong and I would be wrong. I am inside it. For now, to me It seems like it's in my mind It seems like oxygen is essential for the body. Well, energy is necessary for any country. So I think the energy sector This is what oxygen is for the country. We cannot survive without it and we In that, we are mostly dependent on imports.
We are in that, I even tweeted once as nature gave sunlight India is fine, they have given crude to Gulf He gave oil, he gave it How big is his prosperity, he said Took advantage. We did not take advantage of the sunlight Found. We go inside the solar system in this way and that way. This way we couldn't do what we are doing now.
what has been happening in the last two or three years Is. We could have done this 20-30 years ago. or any renewable in renewable whether You can take wind energy or anything else. We couldn't do it. Okay, fine. when the eye It is only when it opens that morning comes. to think so Needed Perhaps the government has just become aware.
That right now when a man is in trouble, he can turn to his inner self. Those whose senses are awakened Maybe right now But there is one thing in this that you are right Have been. Green Energy Is Hot, Renewable Energy Is Hot, Battery Energy Storage Systems is hot. Everyone is doing their best. But it is not necessary that everything is successful.
do. No, that is difficult. You are right in saying that It is very difficult to succeed in this. Because whatever we are, most of us Are you talking about green energy? Understand whether it is wind or solar or electric or battery storage or Whatever green hydrogen is, all its raw materials Its entire material is from China.
It is in hand. So I tweeted yesterday or the day before yesterday that Whatever we do on all these things, There is a dependence on China and that is huge. It is a dangerous thing. Because with him We have many types of disputes. There is also a border dispute. Now that three The day before he says that he is of Ganga Ganga Whatever is on the shore, all that is the most important thing that He says the line is wine and he believes it.
There is no China So we have many kinds of things with him. It is a dispute, it is a very sensitive matter. We So that could be arm twisting too For India, yes brother, now it is up to us. Now that we have become dependent, let us go now Whatever you say will happen. We So that definitely keeps a sword hanging.
So The sooner we become self-reliant, self-reliant Everything should be dependent on the raw material It is a good thing that I am there as soon as possible. Self-reliance in your portfolio too It should be reflected later. So this is this is the Plan for this show folks. Ah there is going To be some Q&A.
Ah with Ah Vijay Kedia Here. R Team here in the studio. will be Asking some questions as well. and you have An opportunity at home wherever you are Watching this to send in your questions and We already have some questions coming in but I'm going to start with the in-house team At NDTV Prof Sharad Dubey is Waiting for you to ask Sharad Vijay Kedia If you want to ask, you will also have to sing a song.
they will do I am not able to sing but sir You had a wonderful tweet that India The tourism sector is currently in the heat of summer. Holidays are also coming and the tourism sector Of course, we are not perfect But there is a lot of potential here. So you How do you see it and how do you plan for the next four?
You will get this entire hospitality in 5 years. How does the industry feel about domestic tourism? Is? Look, I feel like this thing is We could have done it a long time ago and I A year ago also I had tweeted that like India You get everything inside. The river also There are mountains, there is the ocean, there is the desert There is heritage too, there is greenery too, There is heat, there is cold, there is snow.
everything Those who go to see the world. Our Went to see the ruined houses of 200-300 years Let's go. in Spain and here and in Italy Inside, this war happened 250 years, 400 years ago. It was before and it was before this. All the things you You will get it in India. But the problem We do not have the infrastructure.
There is no means to reach there. over there Not a good hotel. I have a problem with digestion and Whatever the behavior with tourists Yes, that is a bit of a problem. So maybe right now Awareness is coming within the government. This sector will be very big. It looks like this that if really if then I tweeted That this could be a $1 trillion sector Is.
If we focus on it properly on top of this but now the advantage of this What is? We understood this. Let it be so It can and will happen only when the government wants. Nothing will happen just because you and I want it. If the government wants, then such facility Will give. Make such rules, such laws If you make it, it will work.
But if you do this I want to ask As an Investor I'll tell you how to take advantage of it. Who is holding that theme in my sight right now? I have something in my mind that I want to buy some shares. No idea. First I understood this Three or four years ago, I took an airlines Stock was taken. So, you have heard about Mahindra Holidays.
I also talked about it. Now I take a holiday in that Pay went away. Ever since I took it I am on holiday. inside him Is Your Portfolio Profiting a Holiday? Will it happen? Yes, the profit has completely gone haywire. I already have the same thing, I don't know now I don't know when that morning will come.
Inside. So by saying this he gets any news you read or there is some information or any You understood that this story was coming It is going to happen in the future. This is an issue Went. How does it benefit as an investor? Should I pick it up? This is another mathematics. This is totally It is different.
So on the second part, this thinking is very Good thing you know we should travel with In the country and this one of the Prime Minister There was also a message that you should not go out this time. If possible, you can holiday in India only. Do it. How does an investor invest in equity? Investor benefit from this?
because this Is Right Now Not a Full-Blown Trend? So that's what I want to say, get him back. Your grip is such that I can take advantage of it as an How to find investors? This is very different There is mathematics. So I took that airline's Had taken shares. Then it became war-war. My oil got leaked in that.
When the oil well The prices became like this and like that and inside the airlines It so happens that he spends three months with them. If it gets damaged then to repair it It takes them 13 months. It took them 2 years It goes to those people. Air India now There was a loss of Rs 20,000-30,000 crores.
How much loss has occurred? 26,000. How much would they have bought the airlines for? That company incurred a loss of this much. I him. So this is a big trick. So in this my So it took off inside him, so his Don't know. Similarly, hotels etc. which you I want to think it will happen in hospitality. But all that stock is expensive.
in that I don't know how to make money today. The day is mine. You should keep that on your radar. that if ever such an opportunity comes, then Then you can invest in it. yes. There is no clear cut answer to this yet. Yes, if we do this work then we will get money for it. will get. hmm ok one more question from The from our team here Puneet there You Know Namaste Ji Research Analyst With Us Covers A Lots of Sectors But Not Quite Energy For energy we will go to Amit Sarkar in a Bit which is exciting to Vijay Kedia Yes Hello Kedia ji Sir, you were telling me that Sunrise sectors should be looked at because His exposure to Nifty is very low.
this point of time but like you websold I talked about energy, but those sectors In the run up we have also seen a lot like Even in EMS, that run up in two-three years It had become too much. So you have the opportunity How do you evaluate when that sector It is quite common or it has specific Stocks move and exposure is still very high It is less.
Like in EMS also very few companies where now we are seeing that in energy Also, the recent listings that have happened. So How do you evaluate an opportunity? whether to jump too early or too late Let's wait. Let's see that sector How new companies are getting listed. So How do you evaluate that opportunity?
So I tell him my way, and like I have said many times before that no one An athlete who previously set a record and when he falls sick or is out of When I have a form, I keep an eye on it. And I wait for him to come back When will that athlete turn around, then I I invest money in it. So many Sometimes I wait for years and years For that and usually I am an example like this I also give you some train, understand that it is a church Going from the gate and supposedly going to Virar or is she going to go further then I am in Borivali I will not catch that train.
I will try to catch you at the church gate itself and When the new beginning is taking place, when the mind is standing Then I try to go inside her. I will catch the 5:30 train, not the 5:30 train I will catch you, I will try to catch you at 5:00. I will do it or try to catch it at 5:15 I will do it so that I get a window seat.
Don't travel standing on my foot I have to do it. How many years have you been travelling by train? While doing? Tell me the truth. When did you do it in the train only last time? Was? Yes, the one at Church Gate Virar that you Describe when is the last time you Vent there? Now I have not even seen Gandhiji like this.
But I do give them examples. No. It is not that I am their Can't give an example. I did this just now in Vande Bharat. Did you go to Ahmedabad or did you come or did you go? In Vande Bharat. That is a fancy train that You are talking about Virar Church Gate. Hey, for example, right now I'm looking at the moon.
Look, let me give you an example. No no no no problem. Just Making the point that you are so relatable and down to earth Meaning, I am giving an example. But I just Was just wondering the question came last time When did Vijay Kedia ji go in Mumbai local? Which athletes do you see looking so tired? Are?
As you described, Puneet Otherwise, that's what I told you. Out of form out of form athletes. So Like infrastructure shares. First So let me tell you one thing that we You have mentioned the names of the shares like Vepsol Kwkil did not ask me to buy this book I am here brother, everyone should do their own thing in this.
There are expensive shares inside it, so that Think about your own moon yourself, brother. I don't want to look for me, don't call me. Find out if I said I have not said Our infrastructure is such a The sector seems to be tired. Because you see from above everything is in 1/3 price You're getting inside of them and that's a So for this and secondly their order book You are growing in every infra company Will see Larsen Tbow to the smallest Larson's announcement will also come in.
We We get orders in the category of Rs 2500 to Rs 5000. found. Even small companies worth Rs 200, 400, 500 crores They get orders inside every day. To me. So to me, these companies I feel that this sector is He is going to do well in the future. But even in these There is a problem in everything. Understanding these also Let's go inside and see their working.
Cycle, payment cycle, this is very tricky. Because it is dependent on the government. And If the government has money, It was found that he distributed it among the cycles, Distributed it in saree. Madam, we all need something I haven't got a bicycle, you are on my side. Why are you looking at Hey sister and niece, you don't sing from that No, I am a sister and a niece.
I am not a recipient of government largest and only those who derive it and Neede Or of course, I just joke like this If I did not say it, it would mean saying it to the government. If she distributes the money then this There would be delays in projects etc. It is like what you read in the media. So there is a caveat in them as well.
But I feel that this sector Without this I always say India does not develop. of infrastructure There will be no development without it. So, fix it Needed We are ok. We have lots of queries from these house but I think it's only fair we take Atleast you know some viewer queries as well. And there are a lot of questions coming for you.
So We will take as much as we can. Vijayawada This is a question from Sugunakar. I am sitting on 45% PSU Bank Gains. one then Congratulations to you. Time to Exit End Rotate this space. This is their question. 45% is enough. So 45% is great brother. ask them Which share should I buy? Tell me a little tip Like.
Brother, when you take yourself next time I have to tell myself. 45% in PSU banks If you get it then it is very good that off course it is good There is a return. But now it should be rotated. A generic answer to this is difficult. Depend Which bank does yours? Generally, PSU banks are very cheap. Are getting it.
Now if you give them the matrix If you look at them, they are from private banks. Available cheap now. but it depends In which bank is it? So this is for me It is difficult to say whether it should be kept. PSU vs Private Banks there was a The Time When PSUs Were Not So Much in Fashion Private bank.
Now again private banks They are starting to become a little fashionable. Your this But view and is dependent. I have a PSU I have taken it from the bank for a year or two and what's more That bank is in my bank, according to me India's cheapest most efficient bank is that Which Fan No, I took Bank of Maharashtra but It's been a year and a half or two years since that incident.
It must have been years and he treated me well. He also returned it to me but I I can sell it anytime, but not for this. I might be recommending someone I will sell it tomorrow after the interview. I will go and sell it So these things are happening in these too. The government just tweeted something.
If they have changed some policies then Because of that there is a slight difference between the banks. It will be available inside the PSU bank also. You have to read it, you have to understand it. But what is the next decision for him? to take We're like, okay, so that was a query on PSU. Bank so we have Alex here who wants to Ask a Question Hello Vijay ji, you mentioned the local train.
and you talked about Churchgate, I I often see people throwing away handkerchiefs. Book your train before it starts seats You were buying unlisted shares. Are you Still doing that more than buying in the Secondary market? Or this is what I'm doing right now and this is my There is a view. Please understand me now, public.
More in the private market than in the market I feel it is an opportunity. like I Told ST Invested in a Sunrise Sector. you should always look out for the Sector Which Are Going To You Know Sunrise. So he listed me that place in the space It seems a little less. for example Like I did in cyber security companies Invested and understand solar So I invested in a company and also Invested in a company of AIVI.
This opportunity is on the listed space. Not there. That Unlisted Private Market There is that opportunity inside. So now My focus is within that market. And I slowly sell my listed shares I then sold it in the private market. I will invest. This is how I am still I have been doing this with such a belief.
But you know this opportunity is not available To everyone. The opportunity you are talking about where you can see private companies Can choose. You have access to those Managements to their books because you are a You know high you are an astute Investor. You are a well-known investor They're watching this and they're thinking, man.
We have only one option, listed space. What advice do you have for them? not their It is advisable that you do not control things that are not in your hands. If it is there then it is better to forget it because its There is damage inside as well. For this I I am not saying that the opportunity is yours It is not for.
risk reward in this There is a lot of risk involved in this. When these companies sink, they become zero. There is value. At least in the listed market You sell the ₹50 share for ₹30 and exit. Can. Selling it for ₹40 and selling it for ₹5 Can go out. At least some here it is complete It becomes zero here.
So for that I Also, what I am investing is not like that. Whatever my net worth is right now Tamanna will say that it should be mine as well as yours. Such small fat white two to speak in the middle The network belongs to all of us I am speaking broadly, please understand the matter. I invest about one or two% of it in a company.
I invest in the private market I or even less I have no thought for I am not telling you, I don't remember. I do it very limitedly so that if you understand Even if the money by the way becomes zero So to me There will definitely be sadness, but there will not be pain, suffering. It won't happen, but there will definitely be sadness.
Oho My money is lost. Ever Happen Where You Had a Private Equity Investments Which Went Wrong. There is no such company in So Rong yet. There has not been a case where the company has closed down. yes Maybe one or two companies are going to close down. They He is on oxygen, so maybe he is on top of it.
Go. It's not like that. But for him One should be prepared. This hasn't happened yet Is. So it is not that it cannot happen tomorrow. But what do you see in him? when Because there is not a big track record to Check for companies in this sector. They don't Have as much data publicly available as a Public listed company.
So what are you doing in it Do you see? You see the passion of the founder, You see Tam. What What Do You See? Otherwise I would have seen many things inside him. Am. Of course that fire in the belly which They say and frugality that yes brother, that which How frugal is the promoter or founder? Is.
He is not the one who took money from me. He is partying in a five star hotel. To me it is like that, then to you it is like that, then to you Delhi vs Churchgarh in local train Will have to travel in Virar. If If you give money to such a company then you will get such The company should give money to the local Ah pro ah traveling on the train.
I am not saying this or that initially. Am. And so one of them is that frugality and It is necessary that there is fire inside it. end of Of course, its market size is so big It should be like someone inside whatever thing That is what we think today, what is this going to be? It is going to be like Zomato, we know it.
Not that there can be such a category. inside India that you quickly You will find such blinkets in Quick Commerce. If there was no one You Like This Space Quick Commerce No, it has become very expensive. I won't take it, I'll just ask for it. I and he also I my 40% in dining He used to give me a discount, I used to use that I do that's it and yes sometimes You order groceries No grocery, I don't know that man would be ordering I just eat it.
So no Eternal, no swig and no zpto. Yes, yes, ma'am, I don't use it for personal use. Am. No I am not talking about personal use. I I'm talking about any investment. Yes yes not mine, it is very expensive. He is not worthy of me. Look at them, you Those who drink tea from a roadside stall for ₹20. I ₹400 Go to me and add service tax and then GST.
Why should I give it to you in five star hotels? Drinking brother? I don't have any problem. I may. Ok. So this is equivalent to five stars I have tea. That is how the parallel is drawn. We Have Tons of Questions Inside the studio. We Have Tons of Questions Coming From out there. You Know Where to Find Us.
Right? All of that on your screen. If You Want a question with Vijay KD on the Townhall. I have to take a very short Break. I will be right back. Welcome to the Town Hall with Vijay Keria. Edge The Ace Investor Who Has a Very Interesting way of putting things ah simply and to the Point. One of our favorites with our Viewers as well.
So in this format we Have of course the NDTV profit team Is Here to Ask Questions. we have Questions from all of our viewers as well. Kidiya Ji Before We Get to the Queue NA this three months almost three months US-Iran war in a state of chaos the turmoil caused by what is happening in Is. There is a view that because of that Indian The market is a bit down.
There is a view that he Even if everything goes well, our valuation Is there a problem or is there no AI trade? We have that problem again. Will come. What Do You Believe? So my view ma'am is like this inside this that You should understand that the market got spoiled because of that. So maybe it's not necessary.
someone or the other The market needs an excuse. We That if this had not happened then there would have been some other excuse. So This is because this excuse has just come to the fore. Speaking of this, we feel that because of this the market It got spoiled. Otherwise, if you look at it, it will be worth Rs 71,000.
The index that was created is already very I probably made something last year. I can't remember it in the index. It had already become 71,000. then back This is the second time he has repeated this. So that This became an excuse for this. already our The valuation was also high and of course in this It has added fuel to the fire.
which this oil Because of this crude wood, which If there is a problem then of course it is this It is definitely hurting our economy. No, and FI investors are also leaving. They've been going since the beginning. Those two or three years I am just coming out of them. So off course As we all know, everyone reads.
I have also said many times that India Whatever it is for them, each one of them is a part of the entire basket. It is a flower. Understand the entire bouquet one by one That is the part. We So for them, just like for yourself, The portfolio holds 20 stocks, 30 Shares remain. In his portfolio, this Shares of companies and countries like 2030 live.
We hold shares of companies. So they were taken out from here and put there. gave it, put China, put Korea or Somewhere or the other, they have to keep doing that work. Of. If he feels a little better back here, Will come back again. I will come when I come. So this So it will continue. There's a theory going around about it The One of the Reasons for a Report that foreign investors are exiting is Because there is so much money coming in from Sip everywhere.
Domestic investors put We are going, we are putting in money, that's why The correct level of the market is not being found. So A theory now started doing the rounds that the reason for this It is distorted from. So that's a good thing. It is distorted. So we We have to make our India. Will have to.
We will build our own economy. We So it will not happen that retail investors did not deposit money And after breaking the FI, buy 30, 40, 50 taka shares. Clean it here and then collect it. take it away And we remained like this, watching the story. So it shouldn't be So that is fine if retail investors invest money If he is putting it then it is a good thing at least he The market is getting support, then FI Whenever it comes, then share it with him.
How to get it is a matter of understanding but He should not go there whether he comes or not. No problem, you can understand it. Another way to put it is that we Are you becoming self-reliant or will you sit here? Retailers in their own country in their stocks It is a very good thing that he is investing money.
We are self-reliant and market-oriented. Investment Edge Well. ok mahima has a Question for you. Hello Sir. So my question is, if someone Looking to build your portfolio today? Let's give you energy for the next 10 years Talked about S Sunrise Sector. But from the perspective that we have seen a lot of valuation Midcaps and smallcaps have seen correction Me too.
So which is an apart from energy? The second sector you are looking at is one or two. sectors and do you think that those sectors Your exposure in Mid Caps & Small Caps should I have more or you still have To play by the large cap theme? So again ma'am it happens like this that all this Individual Shares Individual Investors Different theories work for this.
To all What is important is who you are inside. Don't lose your night's sleep. This is the most Which one are you more comfortable with? So if you ask new investors, If I talk, I always say I They should invest in mutual funds. Needed They should never be directly in the market. They should not invest Because this is a risky job.
here The risk is too high here and the pace Everyone becomes silent in the market. when the speed When the market is running, all the people inside it Let's earn money. who entered the market Even if he sits in school Even if the market is playing, he is still playing. It's a matter of. So avoid saying this to him New investors should stay away from it.
So it should be done through mutual funds. 5 Spent 7 years in the market. To you I got the experience. You lost the money like that. You have a little trouble, then you learn. Are. So my quote is also that when you are Right You Earn But When You Are Wrong You Learn We learn only when we are wrong. So This is a process, quick money here This is not the way to earn money.
There is no means Quick money is the biggest way to lose money quickly. This is the way How quickly can you lose money here? yes. This is his biggest place and The rest is a matter of learning. So new investors should not be directed and the one who If you understand that they are old, then I am speaking again.
So this is my job, this is my only job. This is my day and night, my mind is on this I remain engaged in it. So if I say something today Even if I go tomorrow, I can get out of it. I am inside it. I have to tell myself about this saying Who doesn't know. The rest of me like solar Whatever shares there are of solar energy Renewable Energy Infrastructure And consider some PSUS banks.
This to me I like them. These seem safe. But The situation is a little different in the next four to six months. It is going to remain a little uncertain like this. So He should work with some thought. Are you fully invested right now? No, I was just me. I just got back my cash I am a little bit. May I ask how much?
If you are comfortable? How much is your cash holding? not much will be. I still have liquid shares There is a lot. Like I have the ones I want So I can clear it in three-four days. So if I add up my portfolio like this So maybe I don't notice it, it will be 15-20% Next to me. So that's that's a well thought out strategy.
At Uncertain Times? Because at this time the There is a lot of uncertainty in the situation we are in. Is. We don't know what is going to happen. Today I am very happy. There may be sadness tomorrow also. so is That's a well thought out strategy that stays Nimble Stay Light. Yes, I am mine like this I feel like something has happened for the past year and a half.
This is what is happening with me that I sold the shares Of For a year and a half, so before this, US Iran Thing Yes, yes, before this he was about 25. From the Beginning It's like I was in cash and then a little bit Invested heavily in the private market I would invest in a solar company. Kia also in the private market and some more I am investing in companies and Then a little bit about me which is a listed company By selling them little by little, I can get my and inside them I put my by ultimately shifting it from Have to go private only.
Have to go private also. I think so in my mind Changes may occur. But right now my focus is I don't think you can leave India Markets. No, he is also from India. He is from China Not there. Meaning Indian Listed Market Listed Market You won't be able to leave. I won't leave you. Don't leave it completely I will get it.
There's no question of giving up completely Is. Even if you leave a little bit here and there I should give it to them, they need some money. Good What is your take on investing in the US? Markets in Global Markets? Now some You can do it up to the limit. He has the means. Yes That is worth $5 lakh, so I have a little bit I had accidentally taken Google That Google has tripled.
So inside it, but there's another Shares taken Make My Trip So he is big too, he grew and sank back, so he So he is just an amateur, just like that, yes brother okay a branded one like you wear Branded Branded like this I have Google okay to speak friends me and my Google is nearby And how much is Google's portfolio percentage?
Meaning it will not be even 1% of So that's my place so much So so for Indian investors who are looking at that option because we look Isn't it true that what about the Indian market here? Is Not Going That Well But US Markets Even two they are in that war ah all the results are good they have that take play they have that AI play they have that chip play is that an Options That Investors Should Look For I think that for the common investor It is not an option, it is a myth, it is just a fashion I want to say that now brother, you are India The market cannot understand the US market.
How will you understand brother and already US market He is already so high, he is already like this trillion trillion dollars that you take, that's it Will you take the shares or yes I will take this I'll take Nvidia, I'll take this, I'll take that. I will take that, I read one three-four days ago Anthropic did an interview, I forget the name.
Who told me that if my sales are 1 If my company isn't worth a trillion dollars will fail Now what is your idea brother, who is this? What are you doing, have we just named you? I just listened to what she was making me do. Who are you selling to? There's an instant fail. It doesn't even take time to happen and when so much There is a lot of euphoria going on there.
I may be able to merit this I don't say each company 90 90 90 billion Dollar Quarterly Sales. 10 Billion dollars speaks volumes for me Went. It increased by $10 billion. Imagine if that's a different game. But right now this All that emotion increased there. Already happened. Euphoria is going on there too.
over there. That train has reached Virar. Yes, I think it has arrived They. Yes, it can go further but it is so It's crowded and I don't know Is. I am not understanding brother. So I who I understand that I have to look into it and see, we have to make money. When you earn, when you are in that market You can earn money where you are valued.
Can't see it. You wait for it Like I said, that inflection point when It comes when the athlete is tired of setting a record. He has gone, he is resting. Ok? That While inside you, keep in mind that this When will he get up and run again? to me that Market big money multiply that market I am going to be yours.
In such a market Your money may also multiply. to me I don't know how to do it brother. Hum Hum Okay we have one question from Soumik. Sir, you talked about the energy market. There But if we look at it, technology has changed a lot. It is happening. Valuations are also expensive Is. So which side would you prefer?
new which is new energy types or oil and gas as you were saying that a big The player is now taking a break. So right now If you look at the oil prices over time Due to being above Rs. 1000 crore, there is a lot of demand in OMCs. A decline has been observed. In OMC Yes, oil marketing. So there you are now I feel interested that you are still new Will stake with energy.
but over there The valuation is also a bit expensive. I don't know what OMC is. He never earns money and gives it to me. sometimes when He gives you that government money in it. There is so much control within them that they So I will not invest in it. They I did it once before, temporarily for a few days.
For. Apart from that, I think it could be There is the cycle of commodities, right? A complete turnaround, as we hear. It has happened. Be it aluminum, copper Be it zinc, steel, whatever it is. When this commodity cycle runs, then three or four Lasts five years and commodities move very fast Moves forward.
But it also has to come out from within. Inside him. and one of its commodities The most important thing is when to take it It should be available at the highest price. and when One should sell when the lowest PE price is reached. yes. It cycles in reverse Because highest PE means in the company There is no earning but the price is maintained for 4-5 years.
I have fallen but the earnings are not coming If earnings are going to come in future then today you You will get the highest P. You will get the highest So you should buy it when it becomes cheaper. If a single drink comes then it should be removed. inside him looking forward inside him I think I can have a commodity cycle.
It is expected that it will increase but people have already understood it. Now you see the prices of commodities are very high. All zinc and copper stocks have increased. Everything is multiplied from below but it seems Perhaps this cycle can last for another two or three years. The way people are talking about EVs Due to TV, aluminum will be used, copper will be used.
data center cable table all these so these these Scheme one, this theme should be good OK, we will take some questions from our Viewers Now and I Will Take a Few Because You know before our time runs out we should do Some Justice to What Our Viewers Are Saying Siddhesh Devlekar's question, please share.
View on Cyber Security Sector and Your Top Picks So it is such that cyber I probably have three or four security personnel. Companies are invested and listed in their I have investments in everything inside. Two My company is probably listed last year. And one company was listed 2 years ago I invested in it seven or eight years ago.
There were four such companies, perhaps he was in that It's my investment, that's why I took that kill. But it was a very expensive stock. Why do you like this space? I like it So I feel like this is ultimately The wars that are going to happen next We Cyber is the biggest part of it. War will be fought through security Mythos War Not of the mythos, understand that anyone other than this.
Understand anyone like you for example Consider your airlines like Air India. The control tower that belongs to you If someone attacks him, someone else Your enemy country, your entire system Is that air of yours blocked or understand that yours This is your power plant, this is your nuclear plant. Or if someone has a power plant on it If you are attacked then your power is yours.
Power up overnight or in minutes If you are off, your country will stop. will go So by saying this this is a small thing and this is a lot This is a big thing. Such small every Inside every office in the corporation Cyber security, I think it is Your veins became like that. Like in your body This is what blood wastage should be like.
This If you attack, attack the pulse. Given to any country. So this is very It is important. So I think that But there are many companies within it. There are many small companies as well and I There is no need to invest in it It is a very top class company. One thing to keep in mind immediately It should be that what you are feeling today is that hey this The company is doing a great job.
tomorrow he That may be absolute. We In a month some other company came and now Like you mentioned mythos, all this, all that. Who comes and where, is he talking about Zero Day? There's that mythos and all that they're talking about. Are That what used to take 10-12 years here, in some other place In catching him, he caught him on Zero Day So I don't know which company will be in it.
It should be understood which company will not survive So this is such a risky sector. Cyber security is not a cake walk took something by the name anything by the name of AI Taking anything in the name of AI does not work. What will happen here in general AI is autonomous People are calling the work they are doing as AI.
Nowadays I am running that I am doing AI. So I gave you an example here. AI means Air India which is worth Rs 26000 crore. There is loss inside him, so here in this country I am not going to go in empty name, yes brother AI said it and now those new people who come Understand that new startups come with offers.
They are all AI based, AI based, all AIs based Okay, which one is the weirdest to you? I got a pitch that they were putting AI in it. And you think it's a little No, someone came just five or seven days ago. A boy came to meet me, so he Talk more and less about the company doing. That more to me than AIVI and This explains it all And he's explaining the market size, yes.
so much of it is one so billion billion dollars one IIT, IIM and all this has become very famous. I have read and written everything So one, this adds to that, that I I am an IIT and an IM, so brother, I have many IITs. Poor IM, what about 26% of the poor guy? I haven't got a job, something came the day before yesterday.
In IITs, some 26% in IIT Mumbai I did not get any placement like that. I am not making fun of them, what I am saying Meaning, people come and sell narratives. That yes, this is my education and the market This is the size. Hey, forget the market size, brother. What will he do? $4 trillion economy She is sitting here.
I am here with ₹2 crore I am struggling to invest crores. In which company should I invest one or two crores? So these are the narratives that exist, right? This scares me. You talk less about your company. market You are telling me the size. NVD should be of this much Went. He has become so old. It is like this Inside the Reserve Bank Have become.
He got rejected. Yes yes immediately immediately in 2 minutes. I So he doesn't sit at all. Nowadays I would meet I am not. I am afraid to meet you. I feel like I am being kidnapped. Kidnapping is happening. I think it In listening to all those things, that story Keep telling. I am I keep doing it Am.
Not to be pitched to Vijay Kedia. Is a Master Class over here. Talk About Your Company Not The Size and AI. Ok. Vivek from Delhi Is Asking Your Take on Exchanges and Brokerages like Grow. Capital Markets As a theme. There has been a study. you like it Is? You Like This Space? Yes, I think I was like that before.
I said once that like in the first life We used to hear about food, clothing and shelter in India. Then came food, clothing, shelter and data. I An example was also given that food, clothing and shelter It was very important. Data is important now Done. From morning till you go to sleep at night You use data.
carrying bread nearby You don't sleep but you take data at night You definitely sleep together. as soon as you wake up in the morning You do it with good morning data only. So that became so important. Then I Roti Kapda Makaan Data and Capital came You understand the market, that inside it, It has become fashionable now We So this fashion is going to remain.
This is over It's not going to happen. This is how people connect Whoever is inside the market will remain 13 14 crores whatever the unique investors who are 25 Crore Demat account. I read somewhere There are 70-80 crore bank accounts. So why No, this too will remain the same and But for this, off course education is required.
Because this is a risky job. So this capital market theme is definitely my likes it good and but these shares Are they all expensive or are there any cheap ones? Otherwise, it can be expensive. Remain expensive or ever in the market If the shock comes astray, then at that time Like Exchanges Wealth Managers or Pure Brokerage No, I think this is all about brokerage.
So I don't know if there will be any competition in the future. He will come, so far he is doing well But wealth management is what it is or even I still have to understand the exchanges of NSC. is coming And whatever is coming won't be cheap. But what do they feel inside them? I hope something is going to happen to them in 10 years.
Not there. Now you will not be able to do any work with AI, right? You have to work on the platform only. You will have to, ultimately. So and the work of wealth management I think he should be fine. So it's also AI proof in a way. The capital is also geopolitically proof Markets. Good question, Puneet Saxena From Ghaziabad.
Very Very Little Time Left. So we're going to take as many Questions S V Can. Then welcome back to the Studio Age Well. So Puneet Saxena from Ghaziabad has asked a very good question Which was in everyone's mind. Five Sectors That Can Deliver 15 to 20% Increase Over the Next Five Years. Let go No, it's hard for me to say, but I have already talked about these sectors that In which I have an investment This is what I will understand.
But I say one more thing Let me tell you Tamanna ji, I am doing this yearly I don't look at yearly CAG etc. I I don't think so. My view remains that Yes brother, see this marathon race. Is. I am not running the 100 meter race. I know that tomorrow Milkha Singh will be the second Milkha. Singh completed the race in 10 minutes 10.38 seconds.
100 meters or whatever I did, that's not a race. I have been. I don't have that much stamina. I am a marathon player. 32 42 or whatever I run whatever mile there is. in that I may not necessarily be 5 miles behind. I went or 15 miles and I was left behind and but The latter, which is 5 miles or 10 miles Whoever or whatever kilometer it may be It is more important.
in that you How much do you add so I usually my If the investment is ever reinvested yearly I don't see anything else. Understand my view It remains that yes, there is a view of 5-10 years. So Just slowly, he should be fine. They. But you did not answer such a good question. Vijay ji did not answer.
I did not give I will tell you five sectors, look at them until I will not name the shares, Tamanna is not happy If it is a good thing then I will make them happy. I will give it to SEBI and they will catch me. Right here, yes, this is the name of the shares. Now if you hold it in your arm then it will be equal to You don't need to name the stock, but SafeFive.
sectors okay you've talked about cyber Security You've Talked About New Energy or end infrastructure as I said a water That there will be such a big theme inside India Such a big water theme will emerge in me or further Going to do You yourself understand what will happen next. Understand the data center in the data center I don't want to invest in that Along with the infrastructure it creates I am investing my money in it, right?
I keep looking for stories to do like Chilling for example, it feels cold For cooling, it also has air chilling. There is water chilling at one place in it. I read that it is so hot in the US. Where did he put the data center inside? The local water there has become polluted. So much so that all this and all that happened inside him.
Many people speak so loudly that People objected there from far and wide. Humming at night in the data center, no such Sound comes from the date center, so all this right now If it is opening new then their Infrastructure will create infrastructure There will be a big opportunity in them but right now Also again that listed space in all that All those things are not there right now, all those incubators All those things are in Do you think the listed space in India has Had a leg left a little behind in Reflecting the New and Exciting Stories Of course, we missed it in the paper.
I just read it. How many people each We have been talking for the past two to four months. Are. I am not in favor of this either. I I am not even against it. empty which I am telling you the news. All of you You will know. People say hey you have 1.5 Buyback of Rs 1 lakh crore was done. This done, That's done.
You didn't develop the product. Is. These are all big companies. I don't know what is right, what is It is wrong. But the product is in India. Can't see it. This is for sure. we are Empty, speaking in technology, we are empty You are using a screwdriver only, right? We So they are just doing labor arbitrage.
If Let's see as far as I understand. I don't want to create controversy. But this is for sure, we have no one The product did not arrive. So by saying this obviously this is now this is now What will happen to this? No, what I mean to say is that whatever Exciting stories are those unlisted Visible in space.
It is not reflected in the listed space I am getting it. Yes, it is not happening. That's what I'm saying He could not achieve anything. Now the new ones The new wave that has come in, the new blood that has come in Yes, the new youngsters who have come, this is for them Deep inside, we are also understanding that What are we lacking here?
So this Supporting that thing. So Ultimately these people will create. This whole Will work hard. Then a valuation of these It will happen. Then some big company will come and buy them. I'll assume I can magnify it now. Am. I can extend this. in the same way All the work is done through this. As you understand, if Flipkart is sold here then Those who worked hard worked hard.
reduced to 15 years did this did that and later who he Second, who came and took him? Wolf Flipkart Walmart yes yes Walmart as it came it I took it and bought it for 15 billion now. I am talking about its IPO for 50-60 billion rupees. I will bring whatever I bring, I will bring it all like this If I bring all these things, this space, For startup people, this, this, this, this okay my focus is on those that there But if I could get something small like this The money you invest gets multiplied.
If larger then 100 200 times 300 times 400 The multiplication can be 500 times. Even if it is zero Can. This too Viewers are talking about our 25 to 30% range. Have been. This is a different treasury. I am getting 202% interest in CAGR Not there. If you don't get it, it's okay. will you do it now What?
Varsha Varsha has a question. Hello sir. Sir, I am interested in optical fiber segment. I wanted your opinion. We All Know That Sterlite Tech has become a multibagger. So what is your view on that segment? Optic fiber cable. No demand for cable what I understand as well as what you Do you read the same book as me?
I also read the same news. nowadays Nothing happened in my reading that I have some special news. empty all those beans Reading words. Making puzzles is just for you. It is in your hands what words you make of it. yes. What words would you and I make of it? Am. That's the only difference. So off course You should look at this optical fiber.
A person from Himachal came a few days ago and gave him Rs 10,000. Himachal got an order worth crores. He has been doing this for four years and shares I am not talking about taking it. Shares It has already doubled. So an empty I am telling you for example. So 10,000 A company got an order worth crores which His whole life, his turn, that much his whole life You might not have got this much, perhaps this means Of course, there is demand for it.
In. Without this, whatever modern technology that we're talking without cable It is not going to happen. So this is for him But it's not cheap. Now you are the second You understand cable companies, whatever you call them. I will take it but it seems cheap and I will get it too. No, because it is the era of cheap goods.
gone. She is sitting with cheap shares There will be no returns for four years. when you We will sell it and then he will go away. So saying that So you should understand the future and look at the future You will have to buy it at a higher price after getting a discount. As per the trend going on You will have to change your mindset.
Get ready to pay more. Last Question V Have reason. Hi sir. Sir, you invest in IPOs. Are? I do not invest in IPOs. I don't do any IPO. I am such I work in the company as I told you for two-three years. I invested in two-three companies. We whose IPO came after six or seven months After a year. Something like this came into it.
So free IPO I My question is that for the last one or two years we We are looking at those who invest in IPO Their returns are not being made. Because the market is running very low for IPO specifically on average, I looked at Two to three to 3% returns are coming. But people They are saying that this sector needs a trigger To change this, an IPO is needed which will He will change it.
What do you think sir? Who There are sectors which will go ahead in IPO Can you make money for people? No It is difficult to speak. I in my life I don't remember. I have never seen such an IPO I invested money, frankly speaking, personally. Direct money is never in IPO I applied it because it would take out the oil.
Those people will finish it off right now, they will come and tell you You will compare it with Nvidia. right now you You are making potato chips but you will say I'm making those chips. So that The narrative comes in there. So He doesn't understand himself right now. Potato chips are semiconductors What are these chips?
Understand yourself a little I don't come. So by saying this brother in that and Why do I want to go into IPO? Tell me why IPO needs to do so much Brother, if you have good shares then you will be up by 20%. Your vision should be to take 5 years, 10 years You can earn money in the stock market only if you You can do it brother by talking about IPO and PO.
General Investor Not for You General Investor IPO means that immediately I am looking for an opportunity to invest in an IPO right now. I will buy it and sell it after four days or I will sell it after a month, that time is gone. Those which were multiplied 200 times, 300 times, 400 times All the time is gone, all that is gone now and all these people All the merchant bankers are smart, they also came and learned.
Sir, are you raising ₹2 crores? I will pay. I will show you 40 of them. I am not speaking against it because It is his business and he gets commission in it. If it is going to happen then you will see many such IPOs. IPOs have come, I will tell you, many IPOs are mine Also seen are the supposed ones listed for ₹80 Nothing happened for a year now, ₹250 ₹300 The price has now become ₹2 and it is back to ₹300.
The company is doing so much preferential It is genuine, it is not a bogus company But now she is sitting there, understand For example, somewhere in Rajasthan Now she has to find some such merchant banker. If it is not found then its IPO will come at a low price. which should not be included in the sentiment because She didn't find the right man So its IPO came at such a cheap price.
Then he made his money with the IPO money in His business also grew So you will find both these things inside it. will get So It's Tricky IPOs Are Tricky We Are Out of time Vijay ji thank you so much But you know we started the show go on with your Before you go, please recite something to me. National Anthem No No Anything That Summarizes What We Are Seeing Right Now No, I think one thing is that look Ultimately inside India I feel like here we are But just like India's development means big development Who can we talk to?
Who will do this? If you consider someone in India to be worth Rs 500 crore to submit a project of We cannot tell you five people in India Who can launch a project worth Rs 500 crore. You can add an Adani. An Ambani post Can. Someone can put a Tata badge. Jindal can put monkeys. Five or seven such You will find industrialists who earn Rs 500 crore.
Put a project of Rs. here at our place What is the problem that we are here to earn money? They keep abusing people. It has become fashionable to abuse industrialists. I am talking about the common man that his If there's nothing else to give nearby What to do? Then abuse me. give the same Criticize them only.
So this Understanding when we don't have this mindset I saw one place, just like you all saw it. It must have been Trump who was sitting there and he Owner of Facebook and Microsoft are the owners in China Not China, this one just came to China last They all had a meeting in the US as well. All the names we know there Mang and Fung, whatever the name, these companies, The owner of all of them is sitting there.
I am asking brother how much will you bet, I said 15 I will invest a billion, how much will you invest? 40 billion I will put it there, I mean, he himself He comes wearing a suit. Here, as long as Khadi If you don't wear it, you won't get votes here. Pay. So here these industrialists One has to have a mindset of supporting.
you are one thing you see comes to my mind. One A movie star stands and The industrialist remains standing. He is also a minister I will go and meet the film star and hug him. Will apply. Will tell industrialists to stay away We'll talk later. Come now. These Changing the mindset. Seeing this, what generally We are voters or general masses.
Good point. And the second one is literacy. We are in India without our science. There can be no progress. This is a matter of religion There will be no progress. As long as we have science We will not insist on RAD. do. Research and Development Skill Pay Will not do. We are this economy, more than this.
Such a thing becomes very meaningful The chances are less. But we will do that Sure. The government is definitely focused. So definitely We will do that thing. Well said, well said Vijay K G. always a Pleasure to have you on. thank you so much for Joining our townhall. I think we could have Gone on and on but we'll have to wrap it up Here. Stay with us a lot more on the other Side on NDTV profit.
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