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The recent earnings season, especially for IT companies, has been largely disappointing, expert says.
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00:09good afternoon and you're watching the business today's show i'm sakshi batra this is where i
00:13get you all the market closing action on the lal street first up let's take a look at what's hot
00:18in the corporate and the financial world it's turning out to be a freaky friday trade on the
00:26street has sent six tanks over 1 000 points wiping out 6 lakh crore rupees from investors kitty the
00:32nifty struggles to hold 23 900 ahead of reliance industry's crucial earnings while brent crude boils
00:39to 106 dollars it is a total washout for the it sector in india as the nifty it index has
00:49crashed
00:5010 in a week from emphasis to wipro to hcl tech there's a wave of weak guidance and shrinking
00:56global spending that has triggered a massive sell-off leaving investors with faint hopes of
01:01recovery finance minister nirmala sitaraman has tasked the state bank of india chairman to
01:09lead the national front line against mythos ai threat state bank will now head an elite banking
01:16cell to deploy advanced technology and ensure that your banks remain bulletproof against new age
01:22digital risks india's medical device industry is demanding a massive price overhaul exposing how
01:32the current mrp system allows patient costs to skyrocket up to one thousand percent over factory
01:39prices of medical devices association of indian medical device industry is now urging the center
01:44to cap trade margins and to end the exploitation in hospital bills
01:54india may sell its stake in the chabahar port project to an iranian entity ahead of the expiry of
02:00a key u.s sanction waiver this sunday reports also indicate the move is aimed at reducing sanctions
02:06related risks with india ports global limited likely to divest its holding in the chabahar free zone venture
02:20let's straight away look at how the stock markets are trading in the last half an hour of trade it's
02:25panned out to be another week session viewers third straight session when the dalal street is facing a
02:30lot of pressure on the higher levels we have also given up 23 900 levels on the nifty in trade
02:36today
02:36half a percent losses also coming in for the nifty bank and all the sectors of the nifty are also
02:42in the
02:43red of course led by huge losses now coming in for the it sector yet again a painful session you
02:49can
02:49see a 5.4 percent drop on the it index just in a single session yet again autos also driving
02:56in a
02:56slow lane 0.7 percent lower in trade look at the broader markets mid and small caps that was so
03:01far
03:01being resilient in the markets amid the volatility both the small caps and the mid caps have also yet
03:06again for you know slipped under pressure you can actually see real estate pharma sectors also losing
03:13ground but those are the top gainers which are bucking the trend in an otherwise weak setup
03:16coal india trent nestle these are the stocks that are up by anywhere between 0.7 to one and a
03:22half
03:22percent higher state bank of india hindalko bajaj finance are other names that are also up slightly
03:27in trade but it stocks are bleeding you can clearly see influences down by almost 7 percent
03:32in trading session today hcl tech is down by 5.8 percent in fact hcl tech has logged in the
03:38worst
03:39weekly fall that we've actually seen in 20 years for hcl tech tcs down by over 5 percent these are
03:44heavyweight it companies that have a huge weightage on the markets on the nifty as well and from the top
03:51six top seven losers you will find at least four to five names that are from the it pack you
03:56can
03:56clearly see sun pharma sun life along with other names that are dragging in trade but india wix is once
04:01again soaring 5.8 percent higher 19.6 odd levels that clearly indicates the fear is back into the
04:07sentiments let's go across to my guest abhinash korak shakar the founder of abhinash mentor research
04:12is joining in for a fresh take on markets abhinash warm welcome graf noon uh what do you make of
04:17this
04:17sharp sell-off in the markets three days in a row we've faced a weakness and a lot of credit
04:23has to
04:23go to the weak guidance from it names that are coming up with the earnings yeah good afternoon
04:30sakshi i think uh it companies have largely disappointed in fact infosys has uh you know
04:35put out a strong quarter four number but uh what happened was the guidance was not uh attractive and
04:42that is something which disappointed the markets uh uh hcl technology also if you see the numbers
04:48very disappointing numbers in fact smaller companies like persistent also have not reported
04:53strong numbers so yes the earnings season for it companies has been very lackluster
04:57but i think the broader market is worried about the geopolitical scenario i think you know the
05:02markets are yet wanting clarity uh the ceasefire has not resulted into anything concrete as of now
05:08and i think uh you know if the next eight to ten days uh no concrete solution is uh realized
05:13then i
05:14think the markets are definitely not going to find the going easy whatever narrative was there has
05:18played out so i think now going forward markets would like to have clear clarity on the final issue
05:24so if the war doesn't end crude prices are going to inch up further and that definitely is not good
05:29for the market the rupees weekend our trade uh current account deficit is increasing and most
05:34importantly you know i think uh at these levels crude is going to hurt uh companies which operate in
05:40the lubricant or the paint sector oil marketing companies so i think earnings are going to be impacted
05:45in the april to jure quarter so i think that is what the markets are worried and fis are continuously
05:49selling so you know that is another negative uh you know issue which the market is facing
05:53so net that i think we'll have to be very cautious it's going to be a stock specific approach
05:58uh i don't think the broader market has got near-term trigger so you know we'll have to just wait
06:03and
06:03watch how things pan out on this weekend whether some solution comes or whether the markets will
06:08still wait to wait you know for the final solution yes that's an overhang and an uncertainty that
06:14continues to loom large and then markets have to really maneuver with every statement that comes in
06:18over the weekend what action happens is something that the markets will be reacting to as well but
06:23on the it space particularly of nash what's your sense after the kind of earnings we've got you know
06:29per se on the numbers there's not too much of a negative surprise or disappointment in either the
06:35large cap names or the mid cap names that have come up with the earnings the problem happens to be
06:39on the guidance front uh how are you dealing with the current sentiment that it sector is going
06:45through a sharp loss in the index uh many of the stocks witnessing their worst weekly fall uh in a
06:51week that we have seen over the last two decades or so that's a massive fall we've not seen such
06:56kind
06:57of a crash coming in onto onto the it sector so how are you dealing with it no i think
07:03you're right in
07:03saying that it stocks have been hammered very badly in fact earlier also there was a big price
07:09correction senior but i think you must understand one thing that most of these it companies are cash
07:14rich they've got decent kind of water books as of now and i think most companies are using the cash
07:19either to pay good dividends buyback but despite that a lot of cash is still there on the book so
07:24i
07:24think going forward you know the market should look at these companies uh more patiently in the
07:29sense that if these uh if this cash is utilized for some good acquisitions specifically companies
07:34which are growing into the fastest growing sectors like ai machine learning then i think you know
07:39these companies could be looked upon from a different perspective although this has yet to happen
07:43but this is a very strong possibility because this cash can be utilized more productively so i think
07:49you know companies like tcs for that reason impulses i think the base the business is not going to
07:54grow by 10 12 percent but acquisitions are now going to be the next trigger so we'll have to give
07:59them
07:59some time maybe the next one or two quarters but yes i think you know investors who want fast returns
08:04and who want to get you know quicker kind of you know uh upsides may be disappointed so i think
08:11whatever plus happens i think it's going to be post september numbers uh the u.s market is also
08:16struggling unless there are large u.s order wins i don't i'm not surprised that you may not see an
08:21immediate in these companies okay no major relief immediately that you could probably witness there could be
08:28some more time of consolidation or pain that you could witness until and unless we see september
08:33quarterly results inching out uh to our indicating towards the higher client spend and more deal wins
08:39as well but let's move on to the big threat that everybody is watching out for right now and that
08:44is
08:45by way of ai to tackle the growing mythos ai threat now finance minister nirmala sitaraman is bringing
08:52india's banks together under a new shield she has now tasked sbi chairman to lead a national effort
08:58to upgrade security and keep your deposits your money and your banking transaction safe here is what
09:04the finance minister had to say on the plan ahead because of the new challenge which is coming in the
09:11name
09:11of mythos uh about which not much is known not very many people have tested or tried meti is an
09:20active engagement the
09:22ministry of electronics and telecommunications is an active engagement with the various authorities governments
09:29across uh the globe and also with technology companies to understand how this is going to play out and what
09:36is the kind of
09:37preparedness we we need in india on that i had a meeting with all the banks meeting minister himself was
09:44present with me secretary department of financial services mr nagaraju was also there so actively now
09:52the banks have been told to work together as chairman iba chairman of cmd state bank of india will be
10:02leading that uh effort and in the coming weeks there will be a lot of interaction within the banks
10:10understanding where more investments will have to be made what kind of technologies can come in
10:16how ai itself can be used for countering this ai bond challenge
10:24absolutely avinash coming to you how are you reading into the what's happening in the world of
10:29ai now this mythos ai from anthropic is another uh shocker that the banking systems and the global
10:36financial systems are dealing uh with at this point in time uh of course the representatives from the
10:42company have already indicated uh that this is far more powerful than any of the previous ai models that
10:48we have seen and uh in case um you know because of the kind of uh exposure this may have
10:55uh this could also
10:56be very easy for hackers to take uh make use of and probably risk the global financial system at large
11:03now that the finance minister has taken cognizance of it she's taking action with the banking system
11:08to protect the financial system in india how are you looking at it no i think uh sakshi these things
11:14are now going to get more faster and uh you know ai is going to be more uh dominant uh
11:19going forward so i
11:20think most of the banks will have to invest in technology they'll have to invest in ai and i
11:25think uh see most ai tools have to be looked upon from the fact that how effectively you use these
11:30ai
11:31tools to enhance uh you know your productivity so i think it's going to take some time but the
11:36government has realized this this is a very good kind of sense of achievement so i think maybe in
11:40the next three to six months a lot of investment will be made by these banks you know in this
11:45kind of new
11:45uh ai technology to ensure that there are no frauds there are no malpractices and uh you know i think
11:52at the end of the day the banks are going to be very clear uh what they want to improve
11:56their productivity
11:57so you know by employing less uh people they would like to increase their business so definitely in the
12:04short term you know these things are going to create a little scare i don't think it's going to
12:08actually impact them significantly in the very short term but longer term in the next say 12 to 18 months
12:13i
12:13think definitely unless banks migrate and use more of ai they are going to lose a lot of business and
12:19obviously their productivity will suffer so i think it's a good move yeah but some more investments in
12:23this area will be definitely be coming and i think uh mostly mostly these all these ai tools are going
12:29to be used to enhance their productivity i don't think they're going to lose business but productivity
12:33is now going to be very critical you know in the banking sector absolutely let's shift focus to the
12:40healthcare space and this may concern a lot of our viewers as well your hospital bill might be just
12:46hiding a massive secret you may not know have known about so far the medical devices industry has now
12:52flagged what it calls an mrp trap where patients could be paying significantly higher prices than the
13:00actual cost of the medical devices from something as basic as a syringe to critical devices like heart
13:08valves the gap between the cost and what the patient pays is substantial industry body the association
13:15of indian medical devices industry has now urged the center to review the current pricing system
13:21let me go across to my colleague neetho chandra sharma for more details on this story
13:26neetho first up are patients in india overpaying for medical devices and what is the industry now urging
13:38uh yes actually the what the data shows is that there is a significant gap between the cost of
13:43medical devices and what patients ultimately pay now under the current mrp based system there is no
13:49clear link between manufacturing or import cost and the final price so a syringe that costs rupees two to
13:55three can be sold at around 15 to 30 rupees and a pacemaker imported at around 15 000 to 60
14:01000 rupees
14:02can now be billed at around 1.5 to 2 lakh rupees now these markups build across the supply chain
14:09distributors and hospitals and patients have very little visibility into it because of this the
14:14industry is now urging the government to move towards a more transparent evidence-based pricing framework
14:19one that links prices more closely to actual costs and reduces excessive margins now in a country like
14:26india where out-of-pocket expending is still very high this becomes critical for affordability and access
14:32right but is the government likely to step in on pricing like it has done earlier with stents
14:42so yes this is the key question right now business today spoke to government officials
14:47and they said that there is no formal proposal under consideration at this particular stage
14:52however the discussion is clearly gaining momentum these suggestions have come from the association of
14:57indian medical device industry which is imed which has proposed moving to a trade margin
15:02based pricing system where caps are applied at the first point of sale instead of relying on the mrp now
15:08they are also recommending pilot projects and categories where markup can range from 300 percent to
15:14over one thousand percent along with possible limits on hospital billing margins as well we have seen
15:20precedent when you know cardiac stent and knee implant prices were capped in way back in 2017 prices
15:27dropped significantly without major supply disruption so if the government does take this forward the focus
15:33will be balancing affordability with supply continuity suction all right okay so this calls for uh the
15:41concern and the understanding from the government if they can step in and see if anything can be done to
15:48protect you know the consumers from paying inflated prices of medical devices next time you have a hospital
15:55bill in hand and you're charged exponentially on these devices you may know what exactly is happening there
16:01let's hope that the government pays heed uh avinash what's your thought here on um the entire space of
16:08course it's the medical devices industry that's calling out to the hospitals for overcharging for the devices
16:14they pay so it's uh all about the hospitals charging you more now no i think uh sakshi i think
16:20this is
16:21definitely uh very important but i think you know most of the hospitals who follow ethical practices uh
16:27and who have their systems in place will definitely acknowledge this uh if there is a cap on pricing i
16:33think uh you know most of the hospitals would expect a decent margin for them uh and i think the
16:39markets
16:39will also welcome this but i think in the short term there could be a little bit of negativity
16:43for a hospital companies because uh markets would be little cautious as to what is going to be the
16:49scope of increase uh in the margin for them currently there is no such uh you know regulation so obviously
16:55you know patients may be charged a little more i would say that maybe in the next two to three
17:00months
17:01once a regulatory policy is in place i think that at that point of time it would be beneficial for
17:06the
17:06entire healthcare sector so you know medical devices being charged little higher is definitely not good
17:11but longer term i think once this policy comes it's going to actually help the health sector grow
17:15in a much more uh stronger way and in a more ethical way absolutely but uh what's your sense on
17:21the pharma
17:21and the healthcare pack right now uh how are they doing at this point in time in the markets there's
17:27been a
17:27lot of volatility over the last couple of sessions on the pharma healthcare pack uh how are you approaching
17:32the sector no i think see frankly uh as far as the pure pharma companies are concerned you know we
17:39continue to be positive on the large companies which uh are into basically uh you know large markets like
17:45us uh typically something like a sun pharma or even though or maybe a torrent pharma but coming to the
17:51healthcare segment especially when you look at medical devices and hospital players i think clearly you know
17:56the markets have started giving these companies very rich valuations so i think uh it seems that you
18:01know the markets are now going to probably wait for some time before things settle down but yes
18:05you know companies like apollo hospitals uh for that reason yathar hospital which operates in north
18:10india park medieval these are very strong dependable bets and i think you know these companies are well
18:15regulated they have a very senior professional management team so clearly even if any dip comes in i
18:21think that would be a good opportunity for you know investors to look at because
18:24healthcare especially the hospital sector has a very long runway ahead and uh with lifestyle
18:29diseases increasing significantly there's a huge opportunity for these hospitals to actually ramp
18:34up their bed capacity all right okay uh let's see how things pan out in the pharma healthcare pack
18:41that's an overall understanding on how to approach that as an investor but let's shift focus to the
18:46telecom space now vodafone idea is now signaling a major comeback ceu abhijit kishor has told business
18:53today that the telecom company's customer base has finally turned positive even as it gears up for a
19:00big leap into the satcom space here is the the vodafone idea ceo on the roadmap ahead let's listen in
19:11the minister's comments on vodafone idea government holding a share and where does it stand at this
19:16point because the committee has been said so far uh where does this go from here because it's in the
19:22works for a couple of weeks or say anything first of all i think we're very very thankful to the
19:27government of india uh and the honorable supreme court for kind of giving the uh reassessment uh
19:33opportunity and uh as we speak right now the reassessment is on we are waiting uh for the outcome
19:39and we are waiting for the government to come back to us to tell us you know what's really uh
19:43the
19:43outcome of the reassessment have you heard on any timelines from uh no i mean their work is on uh
19:49let's
19:50wait and see you know as and when it comes as a coai representative uh there was a lot of
19:55chatter
19:55around satcom versus terrestrial for the longest time uh what are your views on that because starlink
20:01and other players are still not on in 2026 we were hoping that we will see a satcom device in
20:06the market
20:07from vodafone's perspective also what what is your strategy in terms of satellite communication as i said
20:13on the strategy part i will not be able to comment right now because you know we are in the
20:16silent
20:17period don't want to kind of comment on anything uh which is not uh as per the regulatory from the
20:22industry point of view see we have always maintained that satcom is something that is a complementing
20:27service you know we at vodafone idea limited have a type with asd uh global uh which is a direct
20:32to
20:33mobile company we've made that uh tie-up public and uh we are working towards uh concluding that but yeah
20:40it's it's a long journey we need some clearances uh from the government so those work are on rise we
20:45speak
20:45how do you see the post satcom era because you said we are at an inflection point even the minister
20:50said that uh post satcom era for the company and the industry overall but it's still not begun though
20:56but what are your thoughts on that my sense is it's still some time away we'll probably once we are
21:02closer
21:02to the post satcom era then we'll come and comment on that right now i think the job at the
21:07industry
21:08level at a cui level for us is to ensure that you know we get past all the regulatory and
21:13the security
21:13clearances uh for this so one last question on um the trend that we've seen in the last couple of
21:20quarters in this quarter march 2026 uh try subscriber data shows uh towards m2m revenue coming from m2m
21:28do you also see that uh growing forward from here as a multiplier as i said on quarter four and
21:34anything
21:34onwards i can't really comment but what i can definitely say is that one of the things that
21:40was uh bothering us was the loss of customer uh and as we have started to kind of put the
21:45investment
21:46and what you see in the trai report in february and march that's very heartening to see the customer
21:52addition getting into the positive all right so that was vodafone idea ceo talking about how things are
21:59progressing with the government they're looking forward to all the regulatory hurdles being crossed
22:04avinash your sense on the telecom space vodafone idea bharti airtel uh currently there are two
22:09players of course today is when reliance industries come out comes out with the earnings later in the
22:14evening and we'll get to hear how soon is jio um ipo also getting launched so there'll be three
22:19players now to talk about in the telecom space but for now on bharti airtel and on vodafone idea what
22:24you
22:25heard no i think uh see i think the market has been growing quite rapidly for vodafone it's a good
22:31part that last two months customers have been added uh they've been losing a lot of customers
22:36so i think it's a good signal uh most importantly bharti is also doing well i think uh their 5g
22:42rollout has been very aggressive and i think in the african markets sparking continues to grow quite
22:46strongly um my sense is that you know the telecom market is now a very well matured market but still
22:52offers tremendous growth opportunities and uh you know an investor who wants to take a medium term
22:58or a long term call and build a solid portfolio should look at adding bharti et al you know in
23:03a very structured way maybe in a sip fashion which is definitely going to help him generate a good
23:08amount of risk reward so i think the business continues to be good and we are positive on the
23:12telecom sector positive on the telecom sector as a whole okay let me also bring up a few sectors that
23:18are also buzzing i'll talk about the defense sector as well afinasha you've been seeing some pickup
23:23happening uh as far as the defense stocks are concerned today the shipbuilder names are all in
23:28focus uh even though the index is down by one and a half percent we've seen coaching grse mazagon
23:33in the early part of the session also they moved up they've softened from the day's high point but
23:38they're still holding up into the green at this point in time the defense story seems to be coming
23:42back in some ways uh what's your approach right now no i think uh defense continues to grow because you
23:49the number of orders which have come in uh has been quite strong and i think uh this uh order
23:54book
23:55wins have been accelerated uh since the last three to six months in fact a couple of days back bharat
24:00electronics got another 500 crores order so i think you know the shipbuilding companies like garden
24:05reach fortune shipyard mazgaard you know these companies are sitting on the next two years or three
24:10years order book so revenue visibility is very strong and i think this is going to further accelerate
24:14it so i think you know investors should look at these companies as long-term uh wealth multipliers
24:19and i think they need to have the patience and the conviction to hold on because see currently
24:23valuations are fair to expensive but if you're looking at the next two or three years going forward
24:27then i think you should definitely build some of the stocks in your portfolio i think you all can
24:31the investor can definitely look at buying this uh these stocks in a staggered manner because
24:36valuations currently may not justify the price but next two to three years the opportunity still looks
24:41to be quite massive so i think structurally very strong opportunity but only for the longer term
24:46in the short term i don't think you're going to see any major upset okay i'll also bring up the
24:51solar stocks that are actually trading weak in today's trading session and there's a reason why
24:56we've seen solar cell panel manufacturers coming under pressure this is right after the us announced
25:01preliminary tariffs on solar imports from three countries including india and the broader markets in
25:06the weakness also further dented the sentiment across this we've seen um our insulation energy
25:11we've seen dragging in trade today vari premier energies other solar stocks like api green jsw energy
25:17a lot of them have also declined in trading session today your sense uh avinash on the kind of stocks
25:24that we are seeing within the solar space so i think clearly uh this can be a little short-term
25:30negative but longer term you know i think the domestic market for most of these solar companies is
25:35massive we are yet to uh basically increase the share of solar in the overall power mix and i think
25:41you know if the opportunity is to be seen i think the next three four years i think government policies
25:47remain stable then i think you're going to see a lot of growth coming from the domestic indian market
25:52itself so i think nothing to worry maybe this is just a short-term kind of negative okay i'll just
25:57stop
25:57you that there we have a breaking news coming in and this is an important one viewers when it comes
26:01to
26:01india and us and the bilateral trade talks india us have agreed upon a trade framework interim deal
26:08talks have gained momentum and indian delegation that visited washington dc uh from april 20th to 23rd
26:15uh there seems to be an agreement now after the those talks happened uh there were talks on market access
26:20on digital and investment discussions which have been called positive and constructive let me go across
26:26to my colleague surbi who's been tracking this very closely uh so we give us an understanding of what
26:30all has been agreed upon in this latest meeting between india and us and does it point to us again
26:36inching
26:37closer to the final trade deal uh yes it seems to be a very positive outcome from the talks both
26:43sides
26:43have been talking on market access customs non-tariff barriers digital trade and the idea is to take the overall
26:49framework forward however while there's no uh official word on when the draft agreement will be finalized
26:56it seems that you know work has gone forward we also need to see what happens to the section 301
27:02investigations that the us has launched and uh whether they will agree to india's uh request to
27:09remove the investigations okay um thanks a lot uh then surbi for giving us more details do you have any
27:16indication of when the next round of talks will happen no we are still waiting for the delegation
27:21to come back to india all right okay surbi thanks a lot for getting us those details viewers the markets
27:26have shut shop let me quickly wind up uh the segment for you so we have 23 897 currently on
27:33the nifty
27:33all of you looking at how 275 points have been lost in today's trading session third straight session
27:38of losses onto the indian markets across the board a sharp sell-off is what we've seen the nifty bank
27:44also
27:44ending in the red but it index uh 5.2 percent lower that's where the pain point is uh the
27:50declines uh
27:50were twenty three hundred forty three uh versus advances of 764 so market breadth also pointing
27:56out towards the weakness mid and small caps also end almost one percent lower in trade that's how
28:01the markets have shut shop the nifty bank down by 0.4 percent the biggest nifty losers that we have
28:07seen today are from the it pack clearly that's where the pain has emerged from so talk about names
28:13well like hcl tech infosys tcs they've all dragged in trade uh at least five of the tech names within
28:20the top five top seven names on the nifty are from the it pack uh you can clearly see some
28:25of the banking
28:25losers like access bank has declined idfc first bank has declined in trade you also have it names
28:30within the mid caps also there's a sharp loss in the mid cap names as well persistent and coforge have
28:35both declined over seven percent in the trading session today as well so it's a wide uh you know losses
28:41that we've seen broad based in today's trading session but uh let's see uh we've ended the
28:46session in the red both the sensex now down by 2982 points and the nifty down by 275 points
28:52um of course uh i'm coming back to you i think the big trigger on monday will be one of
28:58course uh what
28:59happens as far as uh the us iran talks are concerned geopolitically uh whether we get any more color on
29:06the
29:06trade talks bilateral trade talks between india and us and thirdly reliance industries earnings
29:19all right avinash if i could get a view from you what are your expectations on reliance
29:25i think numbers uh are expected to be more or less uh you know moderate to flat i think uh
29:3010 to 11
29:30percent is what the market is penciling in for the profitability i think uh clearly the commentary
29:37sakshi will be very important because you know the oil and gas business is going to face challenging
29:41times if crude prices move up that is going to obviously increase their orbital prices but i think
29:45the telecom and the retail business is something the markets would like to hear and obviously any
29:50signal of monetization or uh you know you know possibly you know uh taking these companies public
29:56especially the geo business where reports have been come in the market that they have been uh
30:00doing efforts to actually mobilize merchant bankers for the geo part of the business so i think we'll
30:06have to wait and watch but numbers are not going to be anything like uh big fireworks maybe the
30:11market would like to hear out the commentary how things are going to pan out in the next financial
30:15year so uh we'll have to wait and watch more or less it's going to be a neutral to a
30:19moderate
30:20performance nothing so great so prefer to hold on i think only once the results are out we could take
30:25a
30:25question okay we have a query coming in for you avinash from our viewer kavita from bangalore
30:31who says the auto stocks have uh again run up so much since september now what should i be doing
30:37should i sell them or continue to buy more in these dips no i think auto is going to be
30:42a sector where i
30:43feel uh there's going to be a strong outperformance despite the fact that you know this year the monsoons
30:48are not going to be very strong which has been indicated by the imd but i think if you look
30:53at the
30:53benefit of lower interest rates you know gst cuts rural demand i think you know segments like
30:59commercial vehicles passenger cars utility vehicles i think these sectors should do well even the two
31:04wheeler you know players are doing well in terms of double digit volume growth so i think keep the
31:09faith and definitely auto should be an outperformer sector over the next 12 months all right okay
31:15avinash thank you so much for being with us on the program and for guiding all our viewers on
31:19their queries always a pleasure to host you with us and hope we return in the next week with some
31:24more
31:24green on the screen viewers in case you have any questions about the stocks in your portfolio or your
31:29investments in gold and mutual funds send your queries to us on the whatsapp number that's flashing
31:33on your screens we can definitely have top market experts to guide you on the same as well
31:37many thanks for tuning in thank you so much i have a great weekend we'll see you now on monday
31:41morning with all the market opening action
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