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Vijay Bhai, Managing Director, Kde Securities, Good Morning. On the day of the budget, no one had the courage to buy in the market. Everyone was down. See today how the situation suddenly changed in two days. First of all, your reaction to this trade deal and the market's reaction. No, this is it brother.
They say that I miss her one thing. There is also a song of mine that now I will also tell you a secret. If India is shot, even God will not save it. India Habib, India is my destiny. You are very dear. You are very strange. Whoever is sitting with you is the lucky one. So, again and again, our stock market and India teach us this, brother, that if you keep a long term view, all these things will keep coming and going and that is what the market showed us.
We are absolutely not, you are absolutely right. It would have been better if it had been sung and heard. Your shirt looks very nice, Vijay Bhai. It is perfectly fitting the occasion today. The way it came out today, brother, I have been reading it for a very long time [laughs]. I took it out after seeing the opportunity, I got your call early in the morning.
Did you take it out after seeing the opportunity? No, Vijay Bhai, I told you early in the morning and you listened to me early in the morning and came. So thank you very much for that. Now there is a big gap up. Now the market is consolidating a bit. What should investors do? Because we have suffered a lot of pain in the last one and a half years.
There is a terrible level pen in the portfolio. Yes, so look at that, it will work, you should understand it simply that the market always, as they say, celebrates Holi in the day and Diwali in the night, the stock market celebrates it every day, it is like that brother, you earned money for three-four years, earned money by multiples, so there was a period of consolidation or the market got consolidated, right now I feel that it will still move in a range, right now the bottom that was made three-four months ago, I feel that that bottom has been made, that market index wise bottom should not be broken and the high that has been made above.
I think that too should not break so soon. In the meantime, the market will consolidate and understand that when the budget came, it fell by Rs 2500. Now this has come, it has increased by Rs 2500. So this range will continue. Mid caps and small caps are very cheap right now. So there should be a selective market.
Even when it fell, it was a different matter if it was more temporary. There should not be much disturbance. Even if the market rises, one should not get too excited. You should keep your mind calm and work in selective good cities. If you have a long term view then you will make big money. Well, you are saying that mid caps and small caps have become a little cheaper now.
So let's start buying again here, then yes, I feel like I have done it. I feel that yes brother, now the time has come to look for opportunities and in selective shares and why should I be selective, I have limited money. Everyone in the world has limited money. There are plenty of ideas. So, saying this, selective shares should be searched.
Should be done for the long term. I think the time has come to invest again. Not at all, I wish everyone had such limited money Vijay Bhai, but you have obviously made so much money through your hard work, but some particular theme is appealing to you at this time Vijay Bhai because today everything is on the rise in the market.
But in such a situation, if we settle down the noise a bit and identify some specific themes where fresh buying can be done at this time. Anuj Bhai, I like the infrastructure stocks. They have already fallen by 50, 60, 70% from the top. They are available at 1/3 the price and I like them. I feel that without it India cannot develop.
There are many such themes like infrastructure. If we want to become a 10 trillion dollar economy in 10-12 years, then just one or two sectors will not suffice. But our effort is to find the cheetah, we should try to find the one who runs the fastest, it is not necessary that it will happen like this, but our effort should be to find the cheetah who runs fast or we should find that cheetah in the shape of 10 trillion dollar economy that is going to be formed in 10 years, 8 years, 12 years, whatever it is, I feel that without infrastructure, India cannot achieve such a big thing, hello yes Vijay sister, your voice is coming, can you hear me brother, yes I can hear you, I can hear you?
He is not listening to me right now. OK let's repatch and repatch. Let's do a quick re-patch, till then let's take a look at the market and see, the market is cooling off a bit now and technically, if you see, you are at day low and the market has cooled off from the higher level. Sorry Vijay Bhai, you were talking about infrastructure.
Well, what I mean is that if India is going to become a 101 trillion dollar economy in 101 years, then it cannot happen without the development of infrastructure and this does not mean that only infrastructure will run, many sectors will have to participate, but as an investor, our effort should be to find the cheetah in the jungle, who can run the fastest, how can your money grow the fastest, this is our only effort, so I consider infrastructure as one of the shares in that, I consider tourism related companies as such.
I think it should be a sunrise theme. Apart from this there will be other themes also. I have a little focus on these. We're okay you have a little focus here. Vijay Bhai, one or two last questions. One, our market problem was not just a trade deal. There was a lot of problem in earnings in the last three-four quarters.
Can these things cause us trouble again somewhere? Today we are celebrating because the trade deal has been done. But somewhere or the other we will have to keep an eye on the earnings of Corporate India as well. See, earning is always the backbone. Without that, it's all empty narrative. It's just your thinking.
Money is not made by thinking. Money will be made only when earnings come. But I think that due to the ongoing slowdown in earnings, the shares also reacted. That is why these shares did not sink due to these 2/3 half 40 50 60 70% earnings. Will you kill the child now, brother? There is ultimately a rising economy.
There are rising companies. You will come back after roaming around, right? So I think it is not like anything dramatic will happen from here. But I think slow and steady, from here onwards there should be growth in earnings as well and that will be reflected in the shares. In comparison to that, the shares had run away long ago in comparison to the earnings that had come earlier.
Now, in comparison to the earnings that have slowed down or are slowing down, the slow shares have also come down a lot. So now this balance is being achieved. After that, growth should return. This is my personal belief and I am investing in the same way. Absolutely
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