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And it is not that easy either. Please understand this also. You will have to mobilize for this. You will have to sacrifice your body, mind and wealth. Sir, you will have to give time to understand the market and the companies. And the formula that I derive, my formula is very simple, sir. I see growth inside empty companies.
I do not buy any company based on its past performance. Past performance, like I give examples at many places, suppose sir, today I am going to get a blood test done. Today morning at 10:00 am I gave a blood test and said yes brother, please do a complete analysis of my entire body and tell me what are my parameters, whatever they are and what happens to that sir, after that my report will come tomorrow, but the report that came today at 10:00 am is past tense, sir, it is the result of everything I ate, drank, smelled and did in these days, sir, if I had done something wrong in the last 24 hours, then my report could have gone wrong, but this is a basis, this past report is a basis that yes, my health is not such without any external factor, like I said if I have an accident, apart from that I am probably fine and healthy, so this will do for me, we get an idea, similarly it is in the market too sir, the past performance sir, the past balance sheet tells you whether the health of this person is very good or there is a problem here, but now you have to see that along with good health, what fours and sixes do you hit, what are you doing with your good health How do you use it and how do you grow, then my entire basis remains the same in every company, growth, how will it grow, how fast will it grow, when I feel that yes, this company can grow more than its competitors or other sectors, then I invest money in it, similarly that formula is also my smile formula which you all know.
So this is what I use in this Sir, Small in Size, Medium in Experience, Large in X Aspiration and Extra Large Market Potential. So this is it sir. Very wonderful Sir and this is the reason that the word smile that you mentioned is always visible on your face and it is right for people that one should not live life with too much stress.
Let's move ahead. Sir, I would like to understand one thing. Like there was a very tense situation regarding many sectors. Especially regarding IT. But now the way the Q1 results have started coming. We saw the results of TCS, should we stop ignoring IT now ? He has shown a lot of under performance.
What is your view regarding IT, should we stay away from it for now or do you think that in the meantime we should focus on mid cap or large cap. Would you like to comment on the valuation of IT right now? Sir, it is like this in IT. I have n't worked in IT. I don't remember it in two, four, five years.
I did something during the time of Covid, I bought something in 202, I bought some Oracle, but I exited it, Oracle is doing very well, so I do not have any holding in it right now and apart from that, I do not remember doing any work in IT for four years, I do not even feel like doing it because the situation is changing, the environment that has been created regarding AIVI, that situation is changing, right now I think the rally that we are seeing in IT has come because the share boards have gone down.
Comparatively, things got much worse. Understand that in comparison to others, shares in the defence sector are available at PE of 30, 40, 50. These IT guys started coming around 1215. So this seems like a relief rally to me. I may be wrong as well. I am not a consultant, sir. I blank proprietary yes yes my own opinion.
I may be wrong too. I am wrong too. And I don't manage anyone's money either. I don't even do brokerage. I don't even manage any funds. I neither take nor give loan to anyone, so yes sir, I absolutely do not take loan from Udhav nor give loan to Madhav, as they say in Hindi, sir, if my accounts are like this then I will not work in IT, apart from this, right now I feel like sir, there is going to be a huge opportunity in these small companies, in small cap, mid cap, micro cap, because the new innovations that happen, sir, small companies do more of them, let me give you an example for your viewers, like right now there is talk of AI everywhere, but till date none of our companies has produced even a single product in India.
Just think, we have a history of 30-40 years of IT. We just kept providing service. That means we continued doing labour jobs. Till date we have not developed the product. If we look at this, this is a very important point of our India. But our product has never been good because our RAD is very weak sir.
Our ecosystem is not where we spend on products. Our industries also see that let's import, do this, make some jugaad, our jugaadu work gets done. So this is another issue, sir. So I feel that now even the IT people have become conscious and everyone is engaged in saying that yes we are also improving and they have a lot of money because these are cash rich companies, all IT companies, but what did I tell you sir a while ago that they are cash rich companies, so I have an old history, the money that you have in your balance sheet or the cash that you have, this is the history, this is the proof of this, what I had said before that they get laboratory tests done, this is the proof of this, after becoming so cash rich, these people do buyback every year but the valuation of their shares is cheap.
Such valuation has not happened in 20 years. Why? Because future people think whether this sprint will run or not. Will this healthy man do something amazing or not? People think he won't. But consciousness has awakened in them. Like TCS has also said that it is going into AI etc. He has started with great fanfare.
But today the ratio of the total turnover which is related to AI is only 8%, sir. 8% empty. So 92% still comes from elsewhere, from the service. So, whenever after a few days people start feeling that 8 is becoming 12, 16 and 18, then these shares will definitely get rerated because those who have money can spend the money.
Can do RAD and develop the product. Foreigners can also collaborate with them and say, let us help you. There is a little long hole. Right now, these listed IT ones are high, whatever they are called large cap. I don't have that personal feeling. I may be wrong too. And you have limited money, right Baba, you have to find 10 ideas, brother, it is not necessary for me to find 10 ideas to earn money in ITCS, I invest in them, after that I can enjoy, what is the point of doing it, sir, whenever you come, many people want to know, want to understand that brother, if there cannot be much stock specific talk, at least there should be something through which people can get an idea, the sector you said, like in many sectors, there are good opportunities in many mid cap, small cap and they are visible also.
Sir, is there any sector or theme that you like and you feel that you should pay attention to it or you should look for good shares where there is good valuation. Capital market shares moved well due to different themes. Groo walked away. With the arrival of new shares, there was good momentum in Samman Capital.
BSE is gone. CDSL is running. In this way, which sector do you think is the place where the next rally can be seen ? So sir, in this I have just found a formula. I have created an acronym which is called formula, not an acronym which I named Rise Rise. So I like these shares. For one, R stands for renewable energy.
So I also have investments in renewable energy. There is also an unlisted company and among two-three listed companies, I like renewable energy shares very much. I think his future is bright. But they should keep in mind that there may be competition within them because many people are increasing their capacity very rapidly.
So the market is never in a state of 100% uncertainty all the time. Uncertainty always exists in the market. Investors should understand this. That's why I say if you can't drive yourself then hire a driver. This means invest in mutual funds. And don't get influenced by what people say. Nothing can be made out of it.
Less money is made. It is not made percentage wise. Do n't get carried away by all this nonsense. If you do n't know how to drive and you want to drive, then sir you will have to hire a driver. Even the driver can cause you an accident. But you will have a bad accident because you don't know how to drive.
He'll at least have a somewhat safer, less gravity accident. You must understand this and proceed further, you have no other option. So RISE stands for renewable energy and I stand for infrastructure, that development of any company or country cannot happen without infrastructure. We are also far behind in infrastructure.
There was a huge infrastructure boom from 2003 to 2008 and infrastructure shares increased 20, 30, 50, 100 times, sir. After that the bicycle got damaged and there was a lot of competition among the companies. Many small companies also came. Now everything has been destroyed. Everything is over. It has stopped.
The default has happened. All that is left is in NCLT, 80%, 70%, 80% of the smaller companies had gone to NCLT. Everything just came out of him. 101 companies are left. I think they have a good future in India. Right now they are working at good valuations. There is less competition and less people to work.
So one should find such a company among them. Sir, all types of companies come under infrastructure which build dams and bridges. Understand, I like one like this, RI and S stands for security sir, in it good defense shares also come and in it there is physical security. One is digital security, like cyber security companies, I also like them sir.
But if it is not cheap then you will have to wait or you will have to understand that maybe it will remain expensive so I will buy it at a higher price. You will have to compromise with your mind and the last E means emerging theme, sir, understand that in it, data center people come, cable people come, power people come and in this power actually comes in infrastructure, when I said infrastructure, power also comes in it, sir, and yes, and in R, I wrote renewable, solar and hydrogen and understand that wind comes in R, power also comes in infra, there is going to be a huge demand for power, there is going to be a shortage of power, so that also comes in infra, those who build power plants, those who maintain them, all of that, the last E which I told was emergency is data center, AI, but in this, many companies are not listed yet, so they are also very expensive, these should be kept in mind, sometimes there is a decline in these sectors, sometimes there is a big panic, one should take action at that time, sir, we can get good opportunities here in the decline, among those which sir is liking, there is renewable energy sector, a lot of ah, we have a lot of discussions on all the shares.
Use to do it. The infrastructure looks good. Apart from this, defense stocks are looking good in security. It is advisable to buy in the fall. Ah, cyber security companies are good but expensive. Once it reduces a bit, you can look at the opportunities. Good opportunities are visible here in the power sector.
And of course the way the temperature is increasing every year. There is still demand here. Okay sir, tell me one thing, like now you mentioned power or if you can answer anywhere, then every year the temperature is increasing, the demand is increasing. But especially the PSU stocks of the power sector are not doing well, so what does it mean that you feel that more focus should be on private stocks.
There is pressure from the government on PSUs, hence they are not able to perform well. Ah, will you solve some puzzle regarding this, sir? Look, this is a matter of great surprise. The topic you have raised is a matter of great surprise, Sir. I too often think about this. I take names of similar shares and I do n't have any investment in them.
Let me tell you this upfront. For example, NTPC, sir, such a company cannot be formed in India. It is not running, yes, it is not running, in fact, it has fallen by 30-40%. Just a few days ago, the price was 220-25, maybe something like 200 or 325, I don't remember. It has fallen by 20-30% just now.
Such a company cannot be formed, Sir. And this is not my recommendation. I have not even taken it, I am telling you, but it has come on my radar. It is Power Grid Corporation, sir, this cannot happen. There is going to be a grid shortage. They say that whatever solar plants are coming up, other plants will come up, they will actually put electricity into the grid.
This company expands every year to the tune of 25-26 crores, but most of the people do not have faith in them, sir, because whatever the government believes, it is like this. No, wherever there are government companies, we all know that there is a lot of bureaucracy there, sir, decisions are not taken in government companies.
Such decisions which they have to take within 15 days also get delayed, sir. Many times when someone reads my conversation , an interview, or someone says something, I wonder how the country is running? So it doesn't matter to him, it is not in his hands. So I also feel like when will this happen? But now understand the second point like this, Sir, I contradict my statement on this.
Sir, all the shares of FL are in the private sector, majority of the shares are in the private public sector, you understand that they have gone up in the last three-four years, the rise that has happened in Hindustan Aeronautics, BHEL, BL and many other shares, sir, have definitely gone up, but there is no answer to this question.
The point of this is that if you understand them then brother, you should hold them. Maybe their time will come someday. If there are cheap shares then their time should come someday. Absolutely. A time will come. Sir, since we are talking about time, we would also like to know the time related to railways.
When will their time come? I started talking about the bullet train. Now talks are going on to finalise the date. The trial is about to begin. I mean, we are getting so many orders also. But that was the same thinking with the railways also. The one who had to leave, left 2 years ago. Have they become so expensive that despite all this, they seem expensive to people?
Sir, will you comment anything regarding the Railways? I don't focus much on them. I have not even taken any shares of the Railways. But the formula seems to be the same in that too. But as far as the bullet train is concerned, sir, what is a bullet train? That Japan is being built by Japanese people there, sir.
So their work is time bound. If they have to complete it by 31st August 2027, for example, then they will complete it. Otherwise people will not come to your country. So, sir, all the companies related to them will benefit. Even otherwise, a huge expansion is going on in the railway line, Sir. All the lines, wines, Vande Bharat are being spread here and there all around and more are being tracked every day, so their future is bright and the shares had become expensive, sir, ultimately this is the thing, right now some share is available for Rs 40, that too is a PSU, some share is available for Rs 8, that too is a PSU, so right now, but I feel that their future is bright, sir, it seems to me that this is also related to infrastructure, sir, these railways etc.
which have come, airports have come, all of them come under infrastructure, their future is bright, sir, hmm.
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