00:00So sir, now we are looking at the bazaar confused, or do we expect that there will be confusion more
00:05than the other bazaar in the bazaar?
00:10Yes, of course, the confusion will become more than the other days, but we will think about the confusion or
00:15the risk of the next year's earnings or the next year's earnings will impact.
00:22India's rest of the economic situation is very strong, otherwise. If you look at the debt to GDP, which is
00:31called the corporate balance sheet,
00:35if you look at the margin in the stocks, if you look at the margin, then we will have a
00:42better position than the other markets.
00:45This is where we understand. And we don't think that because of this thing, there will be so much impact
00:49in the next two years of earnings.
00:52So we calculate each company's intrinsic value.
00:57So what would be fair for a company based on its earnings and its long-term potential?
01:05If you look at the margin in the stock market, there will be so much change in the stock market.
01:08So I think that it will be a short term.
01:11There will be volatility in the short term, but there will not be a long-term return.
01:17Long-term returns will not be an impact.
01:19But if we talk about long-term,
01:21whether we talk about transactions in the stock market will have more fees?
01:26The price is at the same time quite a bit,
01:29which will be likely to learn from fiscal trading.
01:31In fact, the price is nothing.
01:33As the price is worth of the price.
01:34So when you look at the price,
01:34that we expect really.
01:36At the same time, the price must be extremely attractive for us.
01:42that we will be back again, but this is the whole scenario that FII's selling is triggering
01:48right?
01:50Yes, that's right.
01:51So, FII's buying is usually when the earnings growth is more than a year.
01:57So, last year, we will see that FII's recovery was so much.
02:00This is the reason that we didn't have the growth that the other emerging markets were
02:06in the US.
02:07So, AI related stocks which gave the earnings growth very good.
02:11But in this moment, we had the hope that in this February, it was like that India's earnings
02:19and earnings started to increase.
02:20And in 2017, the earnings growth has been very good.
02:28So, FII's buying is also started.
02:30So, we had the hope that if it's pan out, it will be a good return to FII's recovery.
03:04But now, the new risk is out of the blue.
03:06So, FII's the reason is that India's risk has increased.
03:10I would like to say that India's risk of raising the price from the currency in the currency.
03:17So, the risk of the economy is increased.
03:20So, FII's is a risk of the return.
03:22So, FII's does not need to return.
03:23So, first, the share price is increased and then there will be a good return.
03:27So, the return will be higher and then there will be a better return.
03:30So, the expectation of the return will be better.
03:32I don't think that India's risk has increased, but I think that it is a bit difficult, but
03:39I don't think that any interaction we have, I don't think that India has a negative view
03:49but now that the currency will be moment and the current account deficit will be
03:55the same way, it's a bit of a fear, so it's a bit of a selling.
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