00:05Our session is Harshal, which is not called stocks because we will not give buy-sell recommendations here, but we
00:12can discuss on the bottom sectors and especially on the earnings season, we want to discuss with you.
00:17However, since we discussed the idea of TCS, the stock is better performing, but the result of the result is
00:26also our viewers.
00:28What is the result of the stock?
00:34So basically, TCS has given some mixed results in quarter 1 in FY27.
00:41So, 13,349 crore.
00:44Year-on-year basis is more than 5%.
00:48If we talk about 2,000, then 4.62% is greater.
00:52Revenue is 72,275 crore.
00:56Here is also 14% on year basis.
01:00TCS dividend.
01:02Dividend has also been taken into account.
01:04In the face value of 1,12% of 1,12% dividend.
01:10If we talk about employee numbers, in June, quarterly basis, 9,200.
01:20More than 5,200 employees have added.
01:24And the growth of 1.6% is seen on quarter on quarter basis.
01:28And if we talk about brokerages, more than brokerages, like Goldman Sharks, Novama.
01:34That's why some brokerages have come.
01:36There is a rating of hold.
01:38Some brokerages have also given a rating of buy.
01:41There are other results of IT.
01:44What do you expect from the earnings season?
01:45What do you expect from the TCS results?
01:48Because we thought that in quarter 1,
01:50there are more or less earnings in quarter 1.
01:53However, Iran and US were also concerned about it.
01:56If we talk about IT sector,
01:58then we were concerned about AI.
02:00But in quarter 1,
02:01there was a little mixed results with TCS.
02:04But it also shows that the Bazaar Thumbs Up.
02:07So, in the future,
02:08the earnings quarter 1 is better to meet.
02:12Bazaar, if you tell us,
02:132% is open.
02:15It's only 1% of the difference.
02:17If you look at the price of today,
02:18then you will be able to trade.
02:20If you look at the price of 2000,
02:22if you look at the price of 2000,
02:22then you will be able to trade.
02:24In 2019, pre-COVID,
02:27TCS high was 2200.
02:29So, pre-COVID,
02:31if you put the TCS high,
02:32then you will be able to trade.
02:33In 6 years,
02:34you will be able to trade.
02:36So,
02:37TCS results,
02:38as expected,
02:40the slowdown was expected.
02:41But,
02:42if you look at IT companies,
02:45this is a great advantage.
02:46Because,
02:47US$96,
02:48they have full export.
02:50The dollar is coming,
02:51so,
02:52they should make mad money.
02:53They are making pharma.
02:54Pharma is making pharma.
02:56It has a great advantage.
02:59Of 96,
03:0097,
03:01still,
03:01their revenues are not picking up.
03:03Correct?
03:03So,
03:03I have talked to you,
03:05yesterday,
03:06when the US trade deal will be signed,
03:08and the war will be finished.
03:09What do you think,
03:10that the US$96 will be in that time?
03:12The US$96 will crash.
03:14And,
03:15at that point of time,
03:16in IT,
03:16the existing earnings are,
03:18they will get more.
03:19So,
03:19my personal understanding of IT,
03:21is that,
03:22that,
03:25it's just,
03:26normal,
03:28that,
03:28that,
03:29that,
03:30that,
03:31that,
03:32the problem is bad.
03:33Or,
03:33johan brokerage reports,
03:34ki baat karen rai,
03:35correct?
03:35I'm a brokerage reports,
03:37Sightman rai,
03:37DCS or Infosys ka holding statement,
03:40Khol yai,
03:40FII or DII data.
03:42DIIs have been constantly buying,
03:44for the last one and a half year.
03:46My recommendation portfolio,
03:47I've been,
03:47in person,
03:48in person,
03:48only in person,
03:49at that point of time,
03:55it doesn't matter,
03:55that domestic,
03:56institutional investors,
03:57brokerage report,
03:58buy or hold,
03:59But if you talk about Goldman Sachs, which is probably a foreign institution,
04:04then FII's data check that they are constantly selling.
04:08So it doesn't matter if they buy or sell or sell,
04:11because they are selling themselves.
04:13And DII's is buying.
04:14DII's have been constantly supported to the IT.
04:16Because DII's is not buying.
04:19PCS Info is FII and DII Holding last quarter.
04:22If DII's constant support,
04:28so overall, I think that does not get carried away with brokerage reports.
04:33Understand that company's growth,
04:36share market in the share market,
04:38because the company is growing.
04:40If the company is growing,
04:42then share is low.
04:43It's a simple logic.
04:44It's a rocket science.
04:45When the company is growing,
04:47the trajectory of the company is not growing.
04:481.5-3% growth,
04:5015-16% of the multiple is also expensive.
04:52If the company is 10-12% of the growth,
04:55then they give the multiple to 15-16% of the multiple.
04:57Right?
04:58When it comes to 10-12% of the growth,
05:01then I don't think that IT is something that you should bet upon.
05:04And there are so many sectors.
05:05India is such a diverse market.
05:07There are 15 sectors to bet upon.
05:09Why do you want to catch a calling knife?
05:11Okay.
05:12A little bit on the public sector.
05:13I think that the focus is less on the public sector.
05:16I think that the focus is less on the public sector.
05:19But then,
05:20the focus is on the other companies.
05:21There are good returns to us.
05:24If we look at the public sector,
05:26then if we look at the data today,
05:28I will go to railway stocks.
05:29If we look at railway stocks today,
05:32then we see RBNN at 4% more.
05:35and will also be on average.
05:36The value of railway stocks is less than a half.
05:40While railway stocks are more than half-£30%.
05:46But the data is just 10-12%.
05:48If we talk about the work of the day in the week,
05:51then the sector is very less.
05:54If railway stocks or defence stocks but as well,
05:58we must find long time.
05:58The value of railway stocks or defense stocks is going forward.
05:59To keep a long-term perspective here
06:03and keep a long-term perspective here.
06:03You must keep the stock in markets.
06:05So, is this scenario now that you are going to lose in stocks in these stocks?
06:10I'm going to ask you about railways and defense.
06:13Railways are going in the same time, but railways were the fastest moving.
06:17RBNL was the circuit.
06:19At the end of the day, what matters is growth, which we talked about.
06:24Correct?
06:25I'm giving you a statistical figure, RBNL.
06:29Every revenue that I'm talking about, you can go and check.
06:32RBNL was the last bullrun start.
06:35When it was 40 rupees, it went to 600 rupees.
06:39That means, RBNL was 16 times in 2 years.
06:4516 times the share price increased.
06:48So, the revenue, the bottom line is very big.
06:52If you have 3 years of revenue, it's about 20,000 crore, 20,000 crore, 20,000 crore.
06:571,300 crore, 1,300 crore, 1,900 crore.
07:01So, revenue flat, bottom line, downfall.
07:05Stock, 16 crore.
07:07Sustain it doesn't matter.
07:08So, at the end of the day, RBNL is the same IRCON, IRFC.
07:14They gave a massive run up in the name of order books.
07:19Massive run ups.
07:42Now, if you talk about defence.
07:45The same story.
07:47Order books, massive.
07:48Peaches.
07:48Peaches.
07:50India.
07:52Everything is important.
07:54But at the end of the day,
07:55the company works on top line and bottom line.
07:57The valuations.
07:58Now, the company's sales doesn't increase.
08:01Today, HR's 1,000 crore.
08:04But they don't have execution.
08:06They don't have to make it.
08:07They don't have to make it.
08:08So, at the end of the day,
08:09the company works on top line and bottom line.
08:10The valuations.
08:11The valuations.
08:13The valuations.
08:15The valuations.
08:28Dihydrate.
08:29At the end of the day,
08:34and we have the value.
08:36So, the valuations and coverage.
08:38The valuations are very Arya's products
08:41in the day as well.
08:44And that they don't have to make it.
08:45And they don't have to make a market.
08:45And, you know,
08:46profit figure
08:46that is the day
08:49you buy the market
08:50stay away from them
08:51because
08:52you can see
08:52that's 600
08:53which is
08:5440.5
08:54to 600
08:55today
08:55300
08:56to be
08:57no
08:58because
08:59there is
09:00no growth
09:01when
09:01growth
09:02doesn't
09:02have
09:02no
09:03value
09:03to
09:04if
09:05we
09:06sector
09:06companies
09:06to
09:07see
09:07there
09:07are
09:08ideas
09:09that
09:09we
09:09can
09:10keep
09:10it
09:12public
09:13sector
09:13companies
09:14like
09:16it was
09:17one of
09:17the biggest
09:17lovers
09:18of
09:18public
09:18sector
09:19company
09:19in
09:192023
09:192024
09:20when
09:21there was
09:22momentum
09:22today
09:23public
09:24sector
09:24companies
09:24have
09:25been
09:252023
09:26or
09:262024
09:27in
09:272026
09:28that
09:29today
09:30sales
09:30and
09:31bottom
09:31line
09:32match
09:32not
09:32match
09:32metals
09:33are
09:34better
09:34because
09:35metals
09:35have
09:36a
09:36structural
09:36tailwind
09:36connected
09:37to
09:38AI
09:38and
09:38semiconductors
09:39industrial
09:39copper
09:39national
09:40aluminum
09:40NMDC
09:41GMDC
09:42this
09:42all
09:42but
09:43overall
09:44if
09:44you
09:44seen
09:45it
09:45you
09:45have
09:45take
09:46any sector
09:47like
09:47defense
09:48railways
09:49power
09:49power
09:50you
09:50have
09:50SJVN
09:51NHPC
09:53PFC
09:53REC
09:54EIDA
09:54what
09:54performance
09:55did
09:55but
09:56again
09:56all of
09:57them
09:57are
09:57sideways
09:57right
09:58now
09:58so
09:58I
09:58believe
09:59that
09:59when
10:00they
10:00don't
10:01think
10:05they
10:06are
10:06worth
10:06a
10:06bet
10:07and
10:07again
10:07I
10:08come
10:08from
10:08a
10:08philosophy
10:09that
10:19I
10:36believe
10:37it
10:38because
10:38it's a psychological thing
10:40that when it comes to that sector
10:42and it's so heavy valuations
10:44that it's 4-5 years
10:46it's like their revenue and bottom line
10:48that valuation can match
10:50so I feel that PSUs
10:52except metals
10:53I don't think that any other PSUs are going to do really well
11:01last segment
11:02and last question
11:03that our segment is
11:05what is innovation and my question is
11:07what is innovation
11:08and I would like to add on this
11:12that we are doing the stocks
11:14but if we look at the overall stocks
11:17or the bazaar
11:18what is better now
11:19where do you want to increase
11:22in different asset classes
11:23in reality
11:25gold silver
11:26or in bazaar
11:28this is also a broad market
11:31and if you want to increase in bazaar
11:33then what kind of sectors
11:34you have told me
11:36but how big is it
11:37this is what you want to do
11:39well
11:40whatever I am speaking right now
11:42is my personal view
11:43I always deserve the right to be wrong
11:45okay
11:46I think personally
11:47you should have a small allocation
11:49of your portfolio
11:49to gold and silver
11:50because gold and silver
11:52is naturally a hedge
11:53a downfall
11:53gold is the only thing
11:55gold is the only thing
11:55that can protect you against it
11:56silver is against
11:57again a monetary metal
11:58plus an industrial metal
12:00so silver and gold
12:01will balance out
12:02your portfolio
12:03I think the best portion
12:05of yours should be
12:06into Indian equity
12:07I don't think
12:08this is the point
12:09that you can go
12:09to the US market
12:10to chase
12:11because
12:12now
12:12we can invest in the US market
12:42we can invest in the US market
12:43and throw
12:44correct
13:07investors
13:08this is not the same market
13:09it is very objective
13:10investors
13:11they have got very cautious
13:15that this is good
13:16and this is not late
13:17you have to be very selective
13:30and I think
13:32I think the markets
13:33are going to do really well
13:34and they do a good 것
13:36as well
13:36I think
13:36you
13:36you
13:37what
13:37that
