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Welcome to the NDT Profit Town Hall and Our Guest This Month on the Town Hall is Nun Other Than Ace Investor Vijay Kedia Kedia GSV heads to the studio and you start this Before it happened, someone was telling me a song. Should we instead walk and talk to sing and Talk [laughs] Yes, we can do that [sound of clearing throat].
The song is like what you asked for. Not where is this bottom market? 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 dialogue from where [laughs]. You know we're starting off the whole show with Vijay Keriya. So the concept of town hall Is to get more than one view coming in Because you have come, why only me?
Should I ask a question? We will ask everyone questions. Our entire team is here. Our In the studio, we also listen to our viewers. Will take questions. Please sir SV start. End We will try and get a sense from someone Who is excellent at reading the markets. That really is Vijay Kedia. every time If we Google anything about you, Your top investments come out first List.
[sound of throat clearing] Latest What's on your list? No, there is nothing latest. I am the one right now Inside the latest [laughs]. No new one yet Nothing is there You are both evergreen and latest. I'm talking about you know you're known to Pick Winners. So the latest one I think Quick Heal is in the public domain It was interesting, you looked at me.
Look at a Few You Know in the IT Space: Cyber Companies in the security space Why do you find it interesting? No, what is this, Quickel etc. too much It is expensive now, people should think carefully It should be taken because now that company is turning around and it will take time it seems From their calls and so on, one has to be In Very Careful and Websol etc.
I I had taken it but I took it and after that it increased also. I think he went to the market. A little bit of peace, a little bit of thought Should work. This old one, the first one [sound of clearing throat] I don't have time Take anything and anything will increase. that time It is over in the market.
So I think 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's 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 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 The worst is over.
And here the individual Each stock has its own individual movement. It is mine. So we are talking about 6500 shares. Are. So it is difficult to say that [sound of clearing throat] The worst is over. And as far as the index is concerned, this too It is very deceptive. This is also true for you Does not provide market data.
Because right now there are 30 stocks in the index. Are. Sensex Nifty, you talk about Sussex. Yes Sussex has 30. NiFi has 50. Understanding Take it. Now if you buy 10% shares out of 30 then like this Which have the highest weightage. For Consider the example of banking 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're talking about This keeps happening, it's okay for them too.
They must have their own matrix to do this. But I think he's completely right It does not give accurate data about the economy. The index is not a complete real indicator. That of the economy which is actually under A true indicator of the current that is flowing So it is not. What is the Undercurrent Right?
Now? what is happening in the real economy now Which sectors are there that have that kind of Are you telling me about opportunity? 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 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 types of interactions with him.
It is a dispute, it is a very sensitive matter. We So that could be arm twisting too Yes for India [sound of throat clearing] Brother, it's up to us now. 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 inah House Team at NDTD Profit Sharad Dubey Is waiting for you to ask Sharad Vijay Kedia?
If you want to ask, you will also have to sing a song. Then right now they will [laughs]. I am not able to sing but sir You had tweeted very well that India's 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, it seems to me that this thing we could have done a long time ago and I I had tweeted 4-5 years ago as well that You get everything inside India.
There is a river, there is a mountain, there is an ocean, There is desert, there is heritage, there is greenery There is heat, there is cold, there is snow. Everything that goes around the world. To see our 200-300 year old ruined houses Let's go away. in Spain and here and Italy This war took place 250 years, 400 years ago.
Was before and was before this. all the things You will get it in India. But The problem is our infrastructure Not there. No way to get there Is. There is no proper hotel there. Hazin's There is a problem with the tourist Whatever the behavior is, it is a bit of a problem. Is. So now awareness is coming on this side.
This sector is very big within the government. will be. It seems like if really, then I tweeted that $1 trillion. This could be the sector. If we fix this If we focus on this. but now What is the benefit of this? This is the thing we Understand. Let it be so and it will be so When the government wants it more than you want it.
Nothing will happen if the government wants it to. It will provide such facilities and make such rules. If you make a law then 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'm having my holidays [laughs]. inside him In 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 mean to 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 No 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.
There are very few like him in EMS. The company was where we are now seeing that Recent listings in energy as well It has happened. So you evaluate the opportunity How do you jump so quickly? or wait a while and see How new companies are listed in that sector Have been. So how do you evaluate that? Opportunity?
So I do it my way [sound of clearing throat] What is that 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. I can't stand on my foot and travel 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 would have given them an example. I am. It is not that I I cannot give his 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 I am giving an example of meaning.
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.
Their working inside them 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're not one of those.
sing No, I am a sister and a niece. I am not a recipient of government largest and only those who derive it and needed it should Or or of course of course I was joking like this What I mean to say is that to the government If she distributes the money then this project etc., there is a delay in such a way that If you read in the media that it is like this then they There is a caveat in these as well, but I feel that this sector is Without this I always talk about India.
Development cannot happen. 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 Tell me you got 45% in PSU bank so great that off course 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 brother? 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 [sound of clearing throat] In space The place seems a little small. 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. interrupt White to such small net worth of all of us yes I'm talking rough, you get the point [laughs]. So 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. 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 and founder? It is not like he is taking money from me.
Partying at 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 If you have to travel in Virar 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 in the train I am not saying this or that initially.
And so one of them is that frugality and There must be fire inside him and of Of course, its market size is so big It should be like someone is inside whatever That is what we think today, what is it 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 Face 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, I don't know if that man ordered groceries.
Must be singing. I just eat growth. So no Eternal, no swig and no Zeptapto. 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 mine no no this is very It is expensive. He is not worthy of me. They Look at you, the people who drink tea from your stall For ₹20.
I went to the top service for ₹400. I give five stars by paying tax and GST on it. Why do I have to drink this brother? Any I don't have any problem. I have. Ok. So, this is equivalent to five Tea in the Star." That is how the parallel is Drone. We Have Tons of Questions Inside the studio. We Have Turns 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 Keddie on the Townhall. I have to take a very Short break. I will be right back. Welcome to the Townhall with Vijay Kedia The Is Investor Who Has a Very Interesting Way Of Putting Things Simply and to the Point One of our favorites with our viewers.
well. So in this format we have of course the NDTV Profit Team Who is here to ask Questions. We have questions from all of Our viewers as well. Kidiya Ji Before We Get to the Q NA. This is about three months It has been going on for three months. US Iran War From what's happening in State of Hormones There is a view that the turmoil that has occurred Because of this the Indian market is a bit down.
One The view is that even if he gets well, whatever we Is it a valuation problem or is it AI trading? No, we have that problem again. Will come out from. 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 this isn't necessary.
someone or the other The market needs an excuse We If this hadn't happened, there would have been some other excuse. This excuse has just come to the fore, which 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 Earlier last year I probably made something low I don't remember the index.
It was already 71000, then it went back to second He has repeated this time, so he has repeated this Our valuation has already become an excuse It was also high and of course it has added to it Fuel to the fire which is due to this oil This problem occurred due to crude wood. If it is there then of course it will harm our economy.
It is hurting anyway 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. And I have said that many times as well. India is a whole basket for them. Understand that each one is a flower.
one of the entire bouquet That is one 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 they feel a little better here again, then Will come back. When they come, they will come, so this It will continue. There is a theory going around that One of the reasons that the report Foreign investors are exiting because There is so much money coming in from SIP Every month. Domestic investors keep pouring in We keep 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 Becoming self-reliant, will he sit here? Retailers in their own country in their stocks He is putting money. very good thing. We are self-reliant and market-oriented.
Investment as 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 One should stay away from him.
and new investors 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 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 If I keep on doing this then if I say something today Even if I go, I can get out of it tomorrow. I am inside this, saying this I have to Who doesn't know the rest like me, solar Whatever shares there are of solar energy Renewable Energy Infrastructure And some PSUS banks, understand this to me.
They look good, they seem safe, but right now The atmosphere ahead will be a little over four to six months. It is going to remain a little uncertain like this. So that One should work with some thought. Are you fully invested right now? No, I was there right now. I'm back in cash now Yes, a little bit.
May I ask how much if you are comfortable? How much is your cash holding? It won't be much. I have liquid There are still a lot of shares. like I have If I want, I can do it in three or four days. I can empty it. So if I add up my portfolio like this So maybe I don't notice. 15-20% will be Next to me.
So that's that's a good thought. Out Strategy at Uncertain Times? Because of the situation we are in right now. There is a lot of uncertainty there. We don't know what is going to happen. I am very happy today. Tomorrow There may also be gum. So that's a good thought Stay Out of Strategy That Stays Nimble light.
Yes, I feel the same way about mine This has been going on for me for a year and a half. That I sold the shares. 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 I keep it and I put it inside them. By ultimately shifting me out of it 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. I mean [laughs] Indian Listed Market. A listed You won't be able to leave the market. 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 US Markets in Global Markets You You can do it up to some limit, there are means for it Yes, that is two and a half lakh dollars, which is a little I did a lot of Google searches by chance.
When I took it, that Google increased three to four times. 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 for Indian investors who are looking at that option because we see What is there in the Indian market? That's going well, but US markets are even They are in that war, all the results are good, they Have that tech play they have that AI play they Have that chip play is that an option that Investors should look 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 brother, you are India You cannot understand the market.
US Market How will you understand brother? and already US market He is already so high paid. already like this If you take it for trillions of dollars, then 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 it. I read that one three or four days ago Forgot the name in an interview.
Anthropic Who said that if my sales If it's not worth $1 trillion, I'll The company will fail. What idea do you have now, brother? who is this what doing? What is empty? We named the You just listened to me. What is she making? Who are you selling to? Is there an immediate failure? It doesn't even take time to happen and when so much There's a lot of euphoria going on there.
It could mean I am married I don't say this, I am a 90% company. Billion-dollar quarterly sales 10 billion dollars speaks volumes for me Think about it, it has increased by 10 billion dollars. Is that a different game but right now this is the whole There is a lot of sentiment there, all that has increased.
There too, this euphoria is going on there. That train has reached Virar Yes, I think it has arrived What could that be [laughs] Yes, it could go further but it is so It's crowded and I don't know I am not understanding brother, so I 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 him 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 time you keep in mind that back When will he get up and run?
I have to go to that market Big money multiplies yours in that market It is going to happen. In such a market, your money is Even if it gets multiplied, I don't want to do it. Next brother. We're like, 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. So which side would you prefer? New Which is new energy types or oil and gas As you said, a big player. Now he is taking rest. So at the moment If you look at oil prices OMCs are seeing a significant decline due to this I have found it. In OMC Yes, oil marketing, you will get it there now.
I feel interested that you are still new Will stake with energy. but over there Valuations are also a bit expensive Is. I don't know what OMC is. They 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 might think 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. within it and in its commodity, a The most important thing is when to take It is required when it is available at the highest PE and when One should sell when the price is lowest. It cycles in reverse Because highest PE means in the company There is no earning but the price is maintained.
Charp Fallen in the year but no income is coming. Earnings are coming soon. So today you You will get the highest P. His highest will get. So it should be taken into account. when it's cheap It happens, even when it comes to singles, then it It should come out inside him. I further I feel it inside me Commodity cycle may increase But people have understood it before, now you see Commodity prices have also increased a lot.
Zinc and copper shares are the lowest among all. multiplied but it seems perhaps The way the cycle can last for another two to three years People are talking about EV TV because Data center will use aluminum and copper cable table yeh sab toh yeh yeh scheme ek yeh theme should remain good OK, we will take some questions from our Viewers Now and I'll Take Make a Few Because you know before our time runs out we Should Do Some Justice to What Our Viewers Want R.
Saying. This is a question from Siddhesh Devlekar. Please share view on cyber security Sector and your top picks. So in this, it is like in cyber security I probably have three or four companies I have invested and it is listed inside them. I have investments in everything. two companies I probably got listed last year only and I listed a company two years ago and invested 7 rupees in it.
I invested eight years ago. So there are four such Maybe he will be my company in that It is an investment, that is why I took the kill. But those are very expensive shares in it. 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.
This war will be fought through security Mythos War Not of the mythos, understand that anyone other than this. Understand anything like yours for example Yours Think of airlines control like Air India The tower that is yours If someone attacks him, someone else Your enemy country, your entire system Is that air of yours blocked or understand that your 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 get off, your country will stop. If she goes saying this, then this is a small thing. It is a very big thing that every such small thing Inside every office in the corporation I think cyber security is You became like Vance.
like in the body You need blood waste ah that's how it happened. If you attack this, it will attack your pulse. Did it to any country. We So this is very important. so to me But it seems that there is a lot inside it. There are many companies, even small ones. And I have also invested in someone It is not necessary that he is very top class.
is a company of. one thing immediately in this You should pay attention to what you feel today. That hey, this company is doing this great work. Tomorrow he may become obsolete. one month Another company came in and now like You named it Mythos with all these, who all that Where did he come from, is he talking about Zero Day?
is that mythos and so on that are talking about Which used to take 10-12 years for a bug here He was caught 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. Los [laughs] is inside of him, so here Do not go into this empty name saying that Yes brother, I said AI and now those who are new Those who come, understand that they are new startups with offers.
All of them come AI based AI based all AII based Everything is good, which one is the weirdest to you? Got such a pitch that he wanted to put AI in it. and you felt it was 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 all this 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 come all educated 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, I sold it 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 ₹2 crore? 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. This happens.
By the way like inside the Reserve Bank Have become. He got rejected. Yes, immediately, within 2 minutes. I so Doesn't sit. I don't even meet nowadays Am. I am afraid to meet you. My I feel like I'm being kidnapped. Kidnapping is happening. I think it I like hearing all those things, that story Keep telling.
I keep saying hoo ha. 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 steady. 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 Now this has become a fashion.
We So this is going to be the fashion. This is over It's not going to happen. This is how people connect Will stay inside the market. whatever 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 Everything is expensive. If not the cheap ones It may be expensive. If there is a shock in the market, 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 Now understand the exchanges of NSC also. is coming And whatever is coming won't be cheap. But what do they feel inside them? Nothing is going to happen to them for 10 years.
Is. Now you will not be able to do any work with AI. No, you have to work on the platform only. You will ultimately have to So and the work of wealth management I think he should be fine We are also AI proof in a way. The capital is also geopolitically proof Markets: Good question from Puneet Saxena.
From Ghaziabad, we had little time left. We are going to take as many questions as we can. Can Then We'll Come Back to the Studio Age Well so Puneet Saxena is from Ghaziabad This asked a very good question which is on everyone's mind. I had 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 cagers etc. I I don't think so. My view remains that Yes, see, this is a marathon race.
I am not running a 100 meter race. That Milkha Singh of yesterday, that other Milkha Singh He ran 100 km/h in 10 minutes 10.38 seconds. I didn't break the meter or whatever I did. 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 510 years.
So that's it That slowly, that should be fine. 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 It's a fair thing [laughs] so I'll tell them If I make you happy, SEBI will go and catch you.
To me right here that you told me the name of lions Not there. Now she will just grab it in the arm [laughs] of this saying You don't take the name of the lion, but keep it. 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 That you yourself understand what will happen next.
Understand the data center in the data center I don't want to invest in The infrastructure created with it I do that to myself in it. to invest [throat clearing sound] I keep looking for stories 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 sound at night in the data center When it comes to data, all this is just opening up.
So whatever infrastructure they have It will create a huge opportunity for them You will get it but it is still listed again. All that stuff is there in space, not all that right now. All that stuff in the incubator 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. Its I am not even against it. Khaali Joe News I am telling you that. You all know will be. People say hey you have ₹1.5 lakh Made a buyback of crores. He did this Done it.
You did not develop the product. These are all big companies. to me I don't know what is right and what is wrong Is. But the product is visible in India No more. This is for sure. We are empty By speaking in that technology we are empty You are using a screwdriver only, right? We So if we look at the empty labor I have to create it but this is for sure We do not have any products So by saying this obviously this is now this is now what will happen to it No, what I mean to say is that whatever Exciting Stories Hai Woh Unlisted Space She is seen in the listed space Unable to reflect Yes, it is not happening, that is what I am saying.
They could not achieve anything now that new Now the new wave has come, the new blood has come The new youngsters who have come, this is inside them We are also understanding that our What is lacking here? So this is that thing are supporting the . So ultimately this People will create. They will work hard.
Then there will be a valuation of these. Then these If some big company buys me, now I I can magnify this. I this I can increase it. All work in the same way There are. As you understand, if Flipkart is sold here then 15 years of hard work and loss did this, did that and later who Secondly, who came and took it?
There is Walmart. Flipkart Walmart yes yes Walmart as it came it Took it. He bought it for 15 billion. Now I am talking about it for 50-60 billion. I will bring an IPO or whatever I bring, I will bring it like this I will bring all these things, this space No, this is for those in startups. That's okay, my focus is on those.
I can find something like this there Multiply where you invest small amounts of money If it becomes bigger then 100 200 times 300 times 400 times 500 times or It could also be zero. Viewers are talking about our 25 to 30% range. These are different trajectories I want to give my car 20-25% less in the car.
If you are not interested, it is okay if you don't get it now. will you do it Varsha Varsha has a question. Hello Sir Sir I am looking for 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, the demand for cable is something I also understand.
What you read is what I read in the book I also read or I also read the same news Am. There's nothing like that to read these days. I said I have some special news. They are just reading the same words. puzzle It is completely in your hands to make it What words do you make? You and I are his What words do I make?
Just that much difference Is. So of course this is optical fiber Look at Himachal or a few days ago He got an order worth Rs 10,000 crore. Himachal has the potential to achieve that in four years. I am not talking about taking it. shares then 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 found one that big, perhaps it means Meaning, of course, there is demand for it. It is inside it, without it whatever modern We are talking about technology without If the cable is not going to happen then It is available for purchase but it is not cheap right now.
You second the cable companies, you understand whatever You can name it but it sounds cheap. You won't even get it because it's cheap now. The era of Vaste is gone with cheap shares. It's been sitting there for 2-4 years with no returns. He will give it when you sell it and then he will go away. By saying this he considers you to be the future and You will have to buy it at a higher price after getting a discount.
As per the trend going on inside it You have to change your mindset. Will have to. We 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 do it in the company. Like I said, two or 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 pre I will take the IPO. My question is, the last For the past year or two, we have been seeing that Investing in their IPO Returns are not being generated. Because Market Running very low for IPO Specifically on average, I saw two Three to 3% returns are coming.
But people speak I am thinking that this sector needs a trigger. To change that, an IPO is needed. He will change it. What do you think Sir Which sectors will have IPOs going forward? I can 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 Invested money Frankly Speaking.
I Sometimes direct personal money and sometimes in IPO I did not apply it because it contains oil. Those people have already thrown it out. right now he You will come and compare it with Nvidia. Now! You're making potato chips, but you You will say that I am making those chips. So That narrative comes there, there.
So he doesn't understand himself yet. So, are these potato chips or semiconductors? It has chips. What is this? something to yourself I don't understand. So by saying this brother Why else should I go into IPO? Tell me why IPO needs so much attention. Brother, if you have good shares then you can earn 20% Your vision should be to take it up 5 years You can earn money in the stock market for 10 years only then You can do it brother by talking about IPO IPO like 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 take it and sell it after 4 days or one I will sell it after a month, that time has passed All of that had increased 200 times, 300 times, 400 times. All that time has passed and now all these people All those merchant bankers and so on are smart. He will come and teach me. Sir, did you raise ₹25 crore?
Have been. Let me show you 40. picking up I give. I am not speaking against them. Yes, because that is their business. him in it Commission is about to be received. So that means many IPOs you Look, such IPOs have come. We will tell you Am. I also came across several IPOs which Suppose listed at ₹80.
something for a year It did not happen. Now the price has become ₹250 ₹300. Now that preferential tax is back for ₹50 to ₹300 Used to be. The company is so genuine. Not so That it is a bogus company. But now he Understand that she is sitting somewhere in Rajasthan for She is sitting for example. Now he has no such Merchant banker was not available.
So his Its IPO came at a low price. which in the sense He should not come because he has the right man He did not get it. So its IPO came at such a cheap price. after Then he made his money with the IPO money in Also increased. His business also grew. So you will find both these things inside it. Will get it.
So, it's tricky. IPO R Tricky. We are out of time. Vijay ji, thank you You so much. But you know we started the show with your Poem. Please tell us something before you go. Go. Means national anthem. No, No, Anything That Summarizes What We Are Seeing Right Now. No, this is one thing to me Look inside India, it seems ultimately 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 You cannot name five people in India who One can put a project worth Rs 500 crore Adani can put in, Ambani can put in. Is there any Tata Builder that Jindal can invest in? Five to seven such industrialists can be added.
You will get a project worth Rs 500 crore. Put. What is our problem here? We keep abusing the rich people here. Are. It has become fashionable to abuse industrialists. Went. I am talking about the common man. They have nothing more to give So what will you do? So abuse whoever gives the same Give them two and criticize them.
So understand that when we do not have this mindset It will happen. 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 He is the owner. in China Not China, he just came to China. Last year in the US also he did everything All the names we had in the meeting there You know, Mang and Fung, whatever the name, Whatever companies there are, all their owners are there I am sitting and asking everyone, brother, how much are you?
He said, I will invest 15 billion. How much will it cost to say I will spend 40 billion? Meaning, he himself would come there wearing a suit and boots. It is here, unless you wear Khadi, you will You won't get to vote here. So here these industrialist people You have to have a mindset of supporting thing you see one comes to my mind one A movie star stands and The industrialist stands by and so does the minister.
I will go and meet the film star and hug him. Will impose restrictions and tell industrialists to stay away We'll talk later. This mindset right now Change should be done keeping in mind that general voters or General Mass Good Point and other second Literacy We are in India without our science. There can be no progress.
These are the affairs of religion There will be no progress. As long as we have science I will not insist on it. We do not emphasize on R&D. do. on research and development skills 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.
If the government is definitely focused then definitely We will do that thing. Well Said Well Said Vijay KG Always a Pleasure To have you on. Thank you so much for joining Our Town Hall. I think we could have gone on And on but we will have to wrap it here. Stay with us a lot more on the other side on NDTV Profit.
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