We’re talking about color bars, and yesterday’s color was red. What actually led to this sale? Do you have any thoughts as to why all of a sudden we are getting such big and big sales numbers on the FII sales side?
Rahul Shah: Obviously, after the market was on hiatus for five or six days, we saw a significant decline. Obviously a couple of things that we can iron out before the Fed meeting decision, we’ll see some kind of unwinding and maybe some selling before that, but that’s not the normal scenario that we’re seeing. It is a phenomenon. And when I looked yesterday, it had grown a little more. Second, the F&O expires next week, but the week is truncated, so it’s one week before that and towards the end of that F&O. So perhaps these two reasons are why we thought the market fell further yesterday. And importantly, if you look at the sell-off of large-cap stocks into large-cap stocks yesterday, for example, banking, which had been holding out for quite some time, did well on this rally, and yesterday HDFC Bank gave up its rally. He saw what happened and followed suit. The same goes for other banks. So this is our idea of a sell move in the market.
There seems to be a strong resurgence in this whole solar/clean energy/clean energy EPC theme. What does your family think about that? What looks good? What seems interesting?
Rahul Shah: So one of the important things to note in this whole pack is that globally the energy sector is doing well and obviously India is a power deficit country and this kind of renewable energy trend has been established since last year. That means you can see what’s going on. If you look at most stocks doing well, it’s been six months, two years.
So what we feel is that a lot of the stocks are going up very fast and if we think that we need to hold it for the next 3-4 years as a theme, the valuations are very expensive, so this This means that you should buy at the level. In most stocks.
So we’ll play whatever you say, indirectly or directly, but the ones on the list that are more comfortable in terms of valuation are the ones like Tata Power, which we like and , we have been adding to our portfolio to help our clients play in this space. I’d like your opinion on Ola, which of course is in the news because of the 10 minute food delivery they tried to kickstart again, Dash, they announced it a few years ago and kind of Because I had to stop it in the form of . Now, they are starting a pilot in Bangalore first. What do you think of this space? Of course, dark stores and 10-minute delivery are all because there’s more competition now. Food delivery is also heating up.
Rahul Shah: So, as you rightly mentioned, one is obviously things like Zomato and Swiggy and this is the nature of the market and if we look at it, most platform stocks have done very well over the last few months. .
And they’ve gained a lot of momentum, especially in the last two months, and now they’re competing again with Ola, which is also making waves on the food delivery front.
Well, there will be some momentum back from Ola as well. But you need to understand what management’s guidance is from an overall perspective, how they are focusing and building this business, and what kind of returns are expected. That is even more important to understand in Ola Electric. Understanding this whole thing about food delivery.
Now, given that Ola has moved to quick commerce, Amazon has moved to quick commerce, Flipkart has moved to quick commerce, do you think this whole quick commerce theme is getting a little heated? You should be careful when purchasing these signage products. Swiggy and Zomato now?
Rahul Shah: So if you look at this whole quick commerce thing and especially how both Swiggy and Zomato have obviously been faster in the last two months, I don’t think so.
Clearly, there was some kind of momentum and solidity behind Swiggy’s listing.
So what I feel like is the company is going to grow, sales are going to grow over 65%, earnings are going to grow over 100%, and the way management is projecting that the guidance for the next two years is pretty strong. In other words, the market is always ahead of the curve.
So, in my opinion, I don’t think so. Zomato still makes a convincing statement about what they did a few years ago with this 85,000 QIP post. I still think so, and they continue to talk about the existence and future status of the Blinkit store. among them. So my feeling is that Zomato is still the best play of this whole play and I feel you can easily get another 20-25% on this stock.
