Nilesh Shah, Managing Director, Kotak Mutual Fund interacted with Nilesh Shah in the special series of CNBC-Awaaz from Diwali to Diwali today. Nilesh Shah is considered one of the best stock pickers in the market since last 25 years. He gave his thoughts on the journey of Diwali in the market from last Diwali till now. Along with this, he also gave his suggestions for the information of the audience and investors from this Diwali to next Diwali.
India is changing, today there is no dearth of capital in the country
Nilesh Shah said now India is changing. Here inflation is declining and forex reserves are increasing. At present, physical digital infrastructure has increased in the country. There is no dearth of capital in our country today. Today the country is moving towards Public Sector PPP. With this, the building of rapid economic growth is being built in India.
PLI scheme will give fast growth to the country
He further said that the PAI scheme has been brought by the government to increase the country’s business. We believe that the country will get faster growth from the PLI scheme. Not only this, many sectors have got the benefit of the PLI scheme. In the same way, if positive steps are taken, then India can become Manufacturer to the world. At the same time, the share of manufacturing in GDP will increase to 30-35%. If the PLI scheme works, the manufacturing growth will be higher than the service sector. India can become a global manufacturer. The highest manufacturing growth is possible from the service sector.
Investing in the long term will make money
Shah said that it has been proved long back in the market that investing in good companies for long duration makes profits. Further industrial companies can run in the market. So one should invest in good companies for long term.
Fundamentals of 400 companies in NSE 500 are good
Talking about companies, he said that out of NSE 500 companies, 400 companies have good fundamentals. The valuations in the market are quite right now. But companies with low float would be advised to be cautious. Along with this, be careful with penny stocks, it can be risky.
Returns of last 18 months are not possible even in next 36 months
The younger generation has actively participated in investing in the stock market during the Corona period. Investors have also made good money in the last one and a half years. Now what should be the advice for them? On this Nilesh said that in the last 18 months the market has given strong returns to the investors. Along with this, he said very clearly that the returns of the last 18 months will no longer be available even in the next 36 months. So invest cautiously in the market and don’t be too aggressive to get back the previous year’s profits.
Invest in real estate companies
For investment, Nilesh said that from the sector point of view, further strong growth is possible in the real estate sector. It would be advisable to invest in quality real estate companies to make good money. Real estate companies can do well going forward and along with it companies related to real estate will also run.
Played on the batting pitch for the last 18 months, now it’s time to play on the bowling pitch
Moving ahead in the conversation, he said that people made a lot of money in the last 18 months. If we explain it in the context of T20 match then investors were batting on the batting pitch for the last 18 months so they must have hit long shots of profit. But now investors have to bat on the bowling pitch in the market ahead of it, so they have to play carefully, otherwise there may be loss. Now further volatility in the market is possible and investors should be prepared for volatility.
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