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In the market you never know what will happen tomorrow, has the entire equation changed today? Now if these numbers are held out for this market, then I don't think the equation has changed, Anuj Bhai, has the equation changed? You had kept your expectations too high, you thought that 400 will come, 400 will come, even if 301 is coming, 300 is coming, which is showing on your screen that majority is coming, then majority means yesterday, it was like a 'Ray Party', isn't it?
This is what happens in the market, earlier you were all celebrating the 'Ray Party', today you are having a hangover of it, otherwise, no special mandate has changed, no, actually it is still 300 and 222. If you assume that the NDA is stuck at 280, because then you never know, some allies may also have to be changed in that case, will the situation change?
I was asking you about this thing, yes, if such an environment arises, then it can change, see, the probability is always there. Yes, till the last moment, till the last word, there is a probability as to who will win and lose, but all in all, friend, the growth story of India, I feel that it is not going to end and no matter which government is in power, some ahead, some behind, some here or some there, this sector or that sector can remain a priority, the rest of India's growth story is not going to change, it is not going to change, so where should we invest?
Let the market correct a little more and then invest or today is a good opportunity to invest, the thing is, just investment means the investment I make is for doubts or for the year, it does not depend on the day as to what is going to happen today, that is, you cannot catch the long term trend by looking at the index, you can catch the trend of the index by looking at the daily index and the daily trend of the economy, so what happened yesterday and what happened today has not made any significant change in my mindset, I did not do anything yesterday, I did not do anything today, I did not do anything 10 days ago probably and I will not do anything in the next 10 days too, so my approach if your If it is about the long term, then there is election, monsoon, this, forex, this, selling, rising, all this will continue, so the long term decisions that should be taken should be taken by looking at the long term trend and not by looking at the index trend.
Sir, hi, good morning. Do you know what you were thinking about the long term? There will be government continuity, there will be policy continuity, there will be no uncertain environment. Now the same equations are getting a little worse, so that is why there is a little more concern in the street.
If you are not completely dismissing the concern, then there will be a little setback in the policy sector. He was talking about big bang reforms, a clean sweep, otherwise the big bang reforms may have to be put on the back foot, they may have to be put on the back burner. Are all these concerns not dominating me at all?
I don't feel that any such concern is dominating me because if it is not visible, it is not visible, it could also be a drama because when a person comes on the screen, he comes with some preparation, but I am actually telling you or whatever happens, there is no revenge for me, my personal Brother, there is no change going to happen in my small portfolio, I am not going to take any decision.
I have seen many such elections, many such as I said, I have seen many monsoons, recessions, many crises and the basic mantra here is the same, stay steadfast in every situation, this is the rule of time. Yes, I don't know about small, big, that is fine. You are right, Vijay Sir, this is true, India can be a good region, but we are probably standing in the middle of one of the best wealth creation cycles in this country.
So, which pocket was your approach? Generally, you are more known for excellent stock picking in small and mid cap sectors, but there are some themes, pocket sectors on which special attention is given. Seeing Vijay Kedia sir, I feel that you will see the development of any country. I have seen China very closely.
I went to China once in 2004 and after staying in China for nine months in 2014, I understood the development that China has seen. That is, without infrastructure, China could not have been there today. I think that we should also, knowingly or unknowingly, by learning or by doing something, follow China's model of development a little bit.
So I think that India cannot develop without infrastructure and without manufacturing. Whatever we talk about Amrit Kaal, whether we are talking about 10 trillion or 30 trillion, let's consider it 10 trillion, whatever we are talking about till 2030, whatever development is there, without that development cannot happen.
So we have seen in the road, the kind of road development there is, I feel that the infrastructure sector should continue to grow rapidly for the next 10 years and there should be all- round development, not just one. There should be development all around. Development is when it happens all around.
So I think that all sectors should participate, to a greater or lesser extent. Okay, Vijay ji, you have had a huge focus on electric vehicles. Well, yours There has been a lot of investment as well. Now, will there be some impact in such sectors? So, do you think that if the market goes down further in such sectors, there will definitely be an opportunity to add, right?
What else will be affected? Tell me, will road construction stop or do you think that airports will stop opening, or airlines will stop, or banking will stop, or defense, is nothing going to stop? The most that will happen is that as I mentioned, you had a rave party, so you will have a hangover, the high valuation that you had given, that valuation will get corrected, at the most, this much will happen, the caravan is not going to stop, it is possible that its speed may go up or down a little, and once the sentiment changes, your valuation will come down a little.
The company is going to die, but still its growth rate is going to continue. Yes, I am absolutely right, so keep the concept, the theme that you are choosing, it will not have much dent, yes, you will face some hiccups now, but it is probably going to go directionally. You do n't need an event there.
Okay, let's move on to the next question. Before that, my question got stuck. Why were you in China for nine months in 2009? In 2014, you were in China for nine months. I had bought a house, so it was a long period. Yes, it was for a long period. I used to keep coming and going. I used to come and go every month, but I had bought a house there.
I was developing some product for some company in China. Oh, okay sir, because your thought process will match this. I, SN Investor, have a little concern. What is the concern in my mind? Should I focus more on sentiment or what kind of game-changing idea can come in three to four years? How can a turnaround happen?
Focus more on that because everything looks expensive in sentiment, but the situation can change a lot in the current, which is probably a three to five year range. How do you approach it? Are you more pin-pointed about sentiment or are you paying more attention to the current that can change? Look sir, our stock market.
I know the saying Anu, you know it well, you too must be aware that sentiment is God. Right? But sentiment is God for the short term. For trading, sentiment is God. Here, India is God. My complete faith and devotion is on the Indian economy. I feel that a big boom is already coming in it. It has already started.
So, my entire focus is on India, on our economy. Apart from that, I am not concerned with sentiment. Whether it falls to 10, or 25, or rises to 50, or doubles, triples, or quadruples, I don't look at those things. As long as there is growth in the Indian economy, you cannot invest in these shares. Yes, it is very important to choose the right shares; otherwise, your opportunity cost can be huge.
By saying this, the value of experience and knowledge is God. That is absolutely correct. Well, KD Sir, now the confusion is that everything is now discounted in this sentiment. How should I approach these markets? Had you kept some dry powder for today's verdict or for the one after this or you had entered the market fully invested, if you had dry powder, you had kept some liquid assets, I do not use deployed assets, I am a fully invested investor and my whole life I have always been investing in more or less whatever is there in the stock market, when I have liquidity I do not get any sleep, in fact I do not have any dry powder and I am fully invested and I am going to remain fully invested, even if the election results do not come as you are thinking, then also as of now, as of now, which I am talking to you, I feel that I am going to remain fully invested in this market and what I mean to say is that this work is not such that you are investing here every day, you are not eating bhajiya or eating some chana puri every day, it is not a daily job brother, you have invested once and done it, sit comfortably, these activities are also an activity every day It is not necessary to do it every day, it is done by those people who are doing daily BT ST, they bought today and have to sell tomorrow and the day after tomorrow, this is the work of those traders, whatever happened yesterday happened because of them and many equations are played here brother, you should understand here that the reason for yesterday's rise is also that there were so many short positions in FI, due to that the market also rises and when the short position ends, it also becomes the reason for recession, this is also a technical formula within the market, there are many reasons here, I mean it seems that now this market is stabilizing here, it will stabilize and I feel that if NDA comes and Modi ji comes, then as he has repeatedly said that within 100 days, the biggest reforms are going to be announced, I feel so, yes, and if such figures come, then there will be a little push, there can be a little game changing, keep in mind on that side also, the equations will be seen changing, but sir, I did this, I invested for the long term Let's talk about the theme of Modi 1.0.
The theme was Digital India, Financial Inclusion. In Modi 2.0, there was Atmanirbhar Bharat, Manufacturing, PLI, Railways, etc. All these themes played out beautifully. I also invested in it and earned well, but now the situation is deteriorating a bit. Those who were writing on the right things in Modi 2.0, it is time to book out in some infrastructure, some railways, some defence themes.
KDA Sir, do you believe this? I don't believe this. I feel that whatever reforms have come in the last 5 years, 10 years, will continue and will come with more force. I feel that if this government comes, if the NDA government comes, they will work at a multiple speed than what they have done in 10 years.
I believe this and accordingly I am invested. One more question, I had told you about the theme of 1.2, 2.2, what is the theme of 3.2 from your point of view, sir? Will there be many? As I am talking about infrastructure, I feel that a lot of work will be done in infrastructure, a lot of work will be done in manufacturing.
What do I think sir, the biggest weakness of India is unemployment, this issue of jobs, it can spoil the entire demography, so I feel that this government understands this, this time when it comes, it will pay a lot of attention on how to generate employment because if this pace of unemployment or whatever it is, if it continues, then the development that they talk about, that development, that means, that complete development will not happen, so I feel that the government is definitely going to do a lot of work on this this time so that employment is generated, come on Kedia sir, thank you so much, I know today was not the day, otherwise a song of Kedia sir has become very trending, a new song, I was going today thinking that it will be a good screen, there will be a good mood, the song Ganga from Kidiya sahab will be fun, it will take four years to sing with sir in the show, so it is like that the song is for Kidiya Sir, today also someone will sing something, something or the other, there will be two lines for today as well Kidiya sir must have two lines, you must have two lines for today as well, oh friend, just now seeing your number I am forgetting my line, while giving the interaction, the truth has come to me, I have come to you, man, you should have understood a little brother, I am coming to the screen, otherwise yesterday in the morning I was singing this song that you have come, the light has come, otherwise the flame was going out from the lamps, yesterday I was remembering such a song, come on, it is always fun talking to you, salute to your ears, thank you so much for connecting, thank you so much for the comforting words, have faith brother, there is no problem, there has just been a slight setback in your wealth creation journey, there is no problem directionally, everything will happen as you are thinking and there has been no setback, don't worry too much, yes, absolutely right, the time of surprise has started, thank you, the time of India has started, yes, and indeed, by 2047, if we develop
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