01:03after three day of three days of losses
01:05us markets did see some green and that
01:07is translating into the qes for Asian
01:09markets as well the gva the gross value
01:13added which is really the actual measure
01:15of the extent to which the economy grew
01:17that came in in line at
01:206.5% Bank Nifty uh saw a positive close
01:23yesterday it should uh break I mean on
01:25the upside it should break the highs of
01:274675 this particular move indic that lnt
01:31can now go ahead and do product level
01:32integration as far as green hydrogen
01:34projects are concerned if you run it
01:36efficiently I think you can get at least
01:39but 10% to PBT to sales of 10% I think
01:42it is achievable 100 points on the Nifty
01:44straight off the bat 300 on the sensex
01:47nearly is what you have what the RBI is
01:49doing I think all all points to uh lower
01:53you know B yield in case of
01:56goans they have close to 32 plus% of
02:00Marin I think you will see uh that gap
02:04between the very strong uh particularly
02:07public capex and private consumption uh
02:10narrowing 22304 is the new high on the
02:14Nifty baj aut numbers were very strong
02:16and indication that two wheelers are
02:18picking up quite a bit of paace Market
02:20still in a Friday's mode Higher by the
02:25minute okay well that's the day so far
02:27but uh it is absolutely spectacular what
02:30can we say uh it's a Friday to be
02:33remembered uh 300 points on the Nifty I
02:36mean you'd Wonder well what do we wake
02:37up too uh Global cues were positive
02:40things were looking quite all right on
02:42that front but a 300 Point move I don't
02:44think uh very many people saw that one
02:46coming in a single session with this
02:49gain the market basically on the Nifty
02:50has taken out the range for the last 6
02:53days that's what we've done today this
02:55is of course closing Bel we'll talk
02:56about markets and more with me my
02:58colleagues surubi and Nigel and uh we
03:00have our guest here in the studios as
03:01well someone from Goa we'll keep it a
03:03suspense and keep came him out of the
03:04camera for now but guys hi good
03:06afternoon good think I think some of our
03:09viewers must have guessed because he's
03:11our you know Friday favorite guest
03:12because he mostly comes from Goa so we
03:14start getting that bybe all right there
03:17you go prash hi so so you know you guys
03:19don't come to Goa I need to bring Goa
03:21here and and today the part is on D
03:23Street anyway so as prash saw Mar
03:26opening he said boom boom that's the
03:27time sat in the flight I saw couple of
03:29bodyguards coming with him he said I
03:31need to be part of this thanks prash
03:33good to see you in and and a good day
03:35for the markets but we're not done guys
03:37remember tomorrow there are two hours of
03:39trading I was I was going to say the
03:40last hour of the week but no it's not I
03:42mean two more hours to go tomorrow uh
03:44but you know just a few points right
03:46we've taken out as I said uh it's been
03:49six days of range is gone uh so you know
03:52you could have you could look at all
03:53kinds of things but uh uh but but the
03:56fact is the price action is essentially
03:57ultimately uh the decider the Nifty bank
04:00with a very strong 2% kind of a pop
04:02today is also almost back 300 points
04:04away from the last swing High which is
04:0847363 few times we've got gotten to just
04:10under those levels and the market the
04:11bank Nifty sold off so let's see small
04:13caps and midcaps they're underperforming
04:15I mean at least doing lesser as compared
04:16to the large camps uh so half a percent
04:19to about 1% gains and advanced decline
04:21is better than 2 is to one uh so it's
04:23not wild in terms of broader markets and
04:25what what we're seeing there but it's
04:27very very nice and comfortable of course
04:29the star is Nifty today absolutely and
04:32prant you know uh I think this week is
04:34important and today is important because
04:36the nift has now said this to us not
04:38once but twice that dips are getting
04:40emphatically bought so I just kind of
04:42want to jog my own memory if you pull up
04:44a three-year chart of the index uh the
04:46market was cruising along right through
04:47December the first ShakeOut happened
04:49around the 20th of January and that's
04:51when we had you know this big fear about
04:53whether there's a correction starting or
04:54not guess what 4 weeks and it was
04:57answered with another all-time high
04:59that's when we we had the close above
05:0022,200 that's today's chart we should
05:02pull up a 3 Monon chart to kind of
05:04illustrate that point how the dips are
05:05getting bought with a lot of conviction
05:07in this market and uh we had a fresh
05:10all-time high as I said 20th January was
05:13the dip 20th February was another
05:15alltime high and now even before the
05:17month sort of closes out of the 1 of
05:18March actually today uh we have yet
05:20another level and this time it's 22,300
05:23plus having said that uh the midcap
05:25space is something that perhaps one
05:27needs to watch because there's some
05:28caution here and maybe it's just you
05:30know exactly what the doctor ordered
05:31because for the week as a whole the
05:33indices are positive I mean the the
05:34Nifty is up about half a%c Bank Nifty is
05:37doing even better almost 710 of a
05:38percent higher uh it's the midcap index
05:40that is still sitting on a 1% cut for
05:42the week the small cap index is sitting
05:44on a loss of about half a%c or so but I
05:47guess all in all the mood is very very
05:48buyant and Nigel maybe you know the
05:49little bit of a midcap cool off that
05:51that we've had perhaps overall it'll be
05:54seen as healthy well it'll be healthy
05:55I'm sure you know metal stocks actually
05:57today are up and about the Chinese data
05:58still not looking too good so I think
06:00the street is reading this as maybe
06:01there'll be more stimulus in China if
06:03that happens it's good for metal stock
06:04so I guess that's one of the reasons why
06:06these stocks after seeing some bit of
06:08correction the last few sessions all of
06:10them have bounced back in style but
06:11prash let me come across to you what
06:13about these metal names uh you know they
06:15giving you a making you skip a heartbeat
06:18off and on uh like sale it was at 145 it
06:21corrected to around 120 and from there
06:23it's bounced quite well trade's doing
06:25very very well as well what's your pick
06:26up the pack jspl has always been
06:28valuation wise the cheapest one in there
06:30yeah I think today's move on Metals
06:33Nigel seems to be more predicated on the
06:35the overall GDP print I think it's it's
06:38more to do with saying we continue to do
06:40well while China has its own share of
06:42struggle and all and remember one thing
06:44the new capacities that have come in
06:47globally uh all of them a majority of
06:50them happen to be uh with with us so
06:52it's it's the kind of pricing part if it
06:55comes back if you know China is going to
06:57be continuing to struggle and look at
06:59look at where ORS are price you know so
07:01it's very clearly a precursor to a
07:03demand uh in in terms of Steel output
07:06going up and if we are to contribute
07:08even from a market sh perspective
07:10slightly better than what we did
07:11traditionally I think our companies will
07:13start having great uh return ratios
07:15which which has been a bane of sorts for
07:17all the kex that's been done in the last
07:18few years T sheld continues to be and we
07:21we've spoken about this adum but uh I
07:23think today uh it's reached a stage
07:26where uh it it sets itself for a new
07:28band so this is exactly what happened to
07:30some of the uh you know other names in
07:32the Tata group uh you know you'll be
07:35surprised today the stocks that are
07:36moving so I'm deviating from metals on
07:38your question but stocks that haven't
07:40moved or haven't participated are the
07:41ones that are picking up pace whether
07:44it's a Tata chemical whether it's a page
07:45industry whether from the farmer pack
07:47it's spark you know so all of this is a
07:50list that hasn't it's almost like uh you
07:53know people have chosen stocks that have
07:55not done well in the last couple of
07:56months and say let's work on these but
07:59you know it doesn't take time for the
08:01market to change its mood you saw what
08:02happened to indalo after the numbers and
08:05look what reports are coming today and
08:06certainly the love is being you know
08:09renewed in in in terms of what they
08:11could do with all these uh negative
08:12so-called negative news Clow so I think
08:14it's uh the economy at the end of the
08:16day the earnings capability which
08:19finally uh prevails and from that
08:21perspective my sense is T still
08:23continues to offer huge value especially
08:25after all those companies that have got
08:27into the stable uh and and help them uh
08:30increase margin cyclically from a more
08:32Diversified product mix by the way n
08:35have you heard anything for them to move
08:37today new that's I was asking anything
08:41for this move suddenly out of the blue
08:425% just rotation into some of the
08:44underperformers absolutely you you'll
08:45have the same thing in cement also so
08:47there's no specific move on cement but
08:49look at how some of them are perking up
08:51the larger ones so it's it's about the
08:53government's ability to spend and you
08:54know how this could continue its non
08:57secular uh uh moves that are becoming
09:00secular you know in that sense you know
09:01it's interesting the way the the markets
09:03read the Chinese data as well when it's
09:04weak they say they're going to put more
09:06stimulus and that's why you know the
09:07metal stocks will move and when it's
09:09strong the thing demand's coming back by
09:10the metal stocks any which ways you know
09:12so uh I guess I guess it's a bit of a
09:14global play that's taking place today in
09:16terms of re through and some of these
09:17stocks had seen a correction but as we
09:19mentioned you know in December itself
09:21that this could be the year for steel
09:22because spreads were getting compressed
09:24but very fact that India has a lot of
09:26its irono and India's irono is
09:28relatively cheaper in comparison to the
09:30globe and we have some backward
09:31integration that's what will help India
09:33stand out you know and I remember I put
09:35out this space whether it's a bull of
09:37steel or a bear of Steel at that point
09:39of time things are looking weak but a
09:40bull of Steel could show up in 2024 and
09:43it appears as of now looking ahead I
09:45think that's the reason why some of
09:46these stocks because Ferris is out
09:47outpacing the nonfer stocks in today's
09:49session okay all right uh no absolutely
09:52uh good points there 340 by the way on
09:54the Nifty and things are looking pretty
09:55uh solid all around uh prash we had the
09:58management of CG power with us in the
09:59morning and uh we spoke about the chip
10:02packaging plant which is come going to
10:04come up in the next 3 years uh again
10:07they got a finger in lots of Pies right
10:09I mean not just one but yeah and all of
10:11them have be doing well because of this
10:12big thrust from infrastructure spending
10:14by the government what's the view on the
10:15stock no I think uh this only kind of
10:18gives it more wings uh and and what
10:21they're looking at getting into is very
10:23doable it's not something which is too
10:25ambitious that you could kind of write
10:27off and say nothing's going to happen on
10:29the chip value chain they're talking
10:30about something which definitely we
10:32could do uh they they have the balance
10:34sheet to back that up and interestingly
10:37all the other products you know they
10:38they they've not relied too much on any
10:40one segment if you actually see their
10:42segmental revenue it's so well
10:44distributed it's remarkable how the
10:45company's transformed itself from a
10:48difficult spot to you know coming all
10:49the way here I think the change of
10:51management the kind of Outlook all of
10:53that drives these things I we very
10:55positive and the institutional uh uh
10:58holding that backs it also makes sure
11:01that you really don't have much of a
11:03draw down in case things don't look up
11:05for for this segment but overall the
11:07segment itself is so so promising uh
11:10whether it's Transformers whether it's
11:12uh you know uh uh transmission equipment
11:15in some other form in fact I I spoke to
11:17a couple of Transformer companies
11:18recently post the earnings and they
11:21actually don't have capacities they they
11:22running s of you know just space in the
11:25shed to manufacture more so there's
11:27there's so much that's happening uh I
11:29don't see any reason why of course
11:31valuations will always kind of you know
11:33vacillate between the narrow band uh
11:35that most of these companies did but the
11:37the institutional holding backs this up
11:39in terms of any kind of a shocks that
11:42you might get okay and I mean semicon is
11:44a huge buzz word and he has a company
11:46that seems to have a plan to back the
11:48buzz and I guess the market seems to
11:50really like the sound of that uh let's
11:52uh quickly move on we need to get some
11:53trading strategies going as well we have
11:55mes tuer joining in as always mes hi
11:57good afternoon it's a green green green
11:59afternoon uh so tell us your sense on
12:01the indices whether you're still
12:03comfortable with opening fresh Longs now
12:05and on sale I remember you had a long
12:07trade going on sale in the afternoon so
12:09word on Metals as well
12:11please I think should be one Rashad was
12:14saying this you would have asked anybody
12:16about a 300 Point rally today I would
12:19emphatic I I I Would S you an emphatic
12:21know on that and uh I wasn't expecting a
12:23breakout but once we started getting
12:25past 22 250 260 zones I think the
12:29further upside SO2 500 600 levels so in
12:32that sense Longs over there and metals
12:34yes I think you know we had a Buy on TCO
12:36earlier then sale in the afternoon I
12:37think the entire pack looks very strong
12:39to me uh jsw steel has had a good
12:42breakout the only thing is that you
12:43would want a fresh entry point in case
12:45you want to take positions now but
12:47otherwise the pack looks very strong in
12:49the short to medium term and from a
12:51trading point of view enjoys good
12:52momentum so I would maintain my Longs
12:53over there in fact I have nmdc is one of
12:55the recommendations right now buy with a
12:58stop at 320 half look for targets of 245
13:01and banks have reversed you know from
13:03oversold levels so cotak Bank comes on
13:05the radar recommend a buy here with a
13:07stop at 1705 for targets of
13:121760 okay all right got that thank you
13:14very much for all the trades mes we'll
13:16come back to you in a bit and try and
13:19get some more I think we also have now
13:21ETA joining in uh she's tracking a
13:24couple of stories Dr Reddy's uh has been
13:27named a defendant in a complaint that
13:29has been filed in the US District Court
13:32now ETA is with USA I'm not sure what is
13:34this complaint all about and what is
13:36happening with redes well this complaint
13:38is with regards to rev generic so
13:40basically uh Walmart and a Consortium of
13:43other PE a Consortium of other companies
13:45pharmacies included such as CVS have
13:47filed a lawsuit against Dr redy along
13:50with other companies which have launched
13:52the generic version of revid in the US
13:55markets claiming that there was unfair
13:57competition so Dr Ed is a part of the
13:59larger litigation which is taking place
14:02which is basically which includes the
14:03likes of Natco as well as celene uh
14:07these are the generic filers or you know
14:10Natco Natco as well as Dr redes are the
14:13generic filers which had settled with
14:14cell Gene in order to launch the generic
14:17version of this particular drug so they
14:19can sell only volume limited versions of
14:22this particular drug until 2026 Jan
14:25after which it becomes open in terms of
14:28uh no volume limitations now remember
14:30it's an $8 billion drug it's a
14:32blockbuster drug in terms of revenues
14:35what is generated for the entire Indian
14:37pharmaceutical space in the past 3 to
14:39four quarters and Dr Edy's has benefited
14:42from it these kind of litigations are
14:44normal cost of business where uh you
14:46know the likes of Walmart CVS have
14:47indicated that there was unfair
14:49competition when it came to uh you know
14:52uh it came to this particular drug and
14:54the settlement terms were obviously
14:56unfavorable when it came to generic
14:57competition and uh there was a stoppage
15:00of generic competition unfair generic
15:02competition coming in and hence uh you
15:04can probably you can see the stock weigh
15:06down because nobody knows what will
15:08happen with the litigation going forward
15:10generally what happens is that there are
15:11settlements which take place maybe a
15:13percentage of profits of the sale of the
15:15drug is what is uh paid in terms of
15:18settlement charges or otherwise it goes
15:20to the end and it's fought uh you know
15:23it's taken uh the legal recourse is
15:25taken this drags on for many years
15:27generally that what we've seen so let's
15:29see what happens it's an overhang
15:31because it's a blockbuster drug so the
15:34high all right EXA thanks very much for
15:37that stocks down about 3% appreciate you
15:39getting us all those details the other
15:40one which is uh sort of also moving but
15:42on the other side is L&T 5% move on you
15:46know the largest infrastructure name in
15:48the country uh that's a big one now uh
15:51there are of course a couple of triggers
15:53there's a large order which sort of I
15:55think came through uh I think about 30
15:5840 minutes minutes back there is that
15:59electrolyzer news as well which has been
16:01commissioned but beyond all of that you
16:03know the big Tailwind of course is the
16:06very strong investment growth which the
16:08GDP numbers showed us right gross fixed
16:10Capital formation uh is the one which is
16:12doing all the heavy lifting as far as
16:14the economy is concerned L&T is a big
16:16player pretty much everything there but
16:19VI is standing by with details Viv well
16:21uh you know you're absolutely right so
16:24what's actually happened is that like
16:25you mentioned you know yesterday's
16:26figures are taken very positively in
16:28terms of what you just mentioned in
16:30terms of the data coming through along
16:31with that the order wi but this
16:33particular development you know in terms
16:35of the electrolyzer plant at haa is
16:37something that the street is taking
16:38quite positively so what's actually
16:40happened so you know lnt has gone ahead
16:42and commissioned India's first
16:43indigenously built hydrogen electrolyzer
16:46at hazera know this particular
16:48electrolyzer manufacturing actually has
16:50a power capacity of close to 1 megawatt
16:52which is expandable up to 2 megawatt the
16:54electrolyzer can produce up to 200
16:57normal M Cube per hour which is the unit
16:59that they use to go ahead and uh measure
17:01gas flow so what does this particular
17:03move mean for L&T and you know why is it
17:06being seen positively number one the
17:08move enables product level integration
17:10as far as green hydrogen projects are
17:12concerned also allows L&T to go ahead
17:15and bid in global projects now if since
17:17this is indigenously built you know it
17:19makes lt's bids a lot more competitive
17:21given the fact that prices will be
17:23something that they will be able to
17:24contain along with that they can also
17:27bid you know in domestic projects
17:29especially in projects that have being
17:30planned by Indian refineries on a PPP
17:33basis uh to give some context you know
17:35this particular development of for was
17:36announced by L&T last year they said
17:39that you know they've gone ahead and
17:40tied up with a French company called
17:41mechi for construct constructing these
17:44high pressure alkaline electrolyzer
17:45plant along with that you know they are
17:47making a gigafactory in France and this
17:49is to be replicated in India so that is
17:51what is happening right now along with
17:53that all future technology upgrades by
17:55mechi is going to be available to lnt on
17:57a service fee based model so positive
17:59development in terms of this particular
18:01and along with the order WIS that you're
18:03seeing okay all right got that thank you
18:06very much for the details big big move
18:07on lent inde indeed 4 and a half% rash
18:10takes us back to that conversation right
18:12I always remember that couple of
18:13quarters back we had that and I don't
18:15know maybe orders like these the ones
18:17that they're talking about today they
18:18will come at those better margins which
18:20will take away uh the bit of the
18:22overhang that L&T has always had on it
18:24right so I think they've already done
18:27enough uh would work with with quite
18:29some uh impact on on margin Improvement
18:32so if you look at their order book uh 2
18:34years back their order book used to be
18:37you know the the executable yearly order
18:39book used to be in the range of about
18:4012,000 to 18,000 crores and there the
18:43margins were single digits late you know
18:46higher single digits or probably early
18:48teams but last uh one year they've been
18:51very clearly cherry picking only orders
18:54where the margins are mid teens and
18:55above now in in in this kind of a
18:58business environment uh you could do it
19:00because you actually had no dir of order
19:02buildup and the lucrative orders from
19:04the Middle East that they have now
19:05started executing uh gives them a huge
19:08because it's time bound so it's it's
19:10going to be a very clear this thing
19:11where you don't only get revenues in to
19:14your books but also kind of do it very
19:16timely so I think that's it this
19:18electrolyzer thing is a great move I
19:20mean you otherwise there was this whole
19:22talk about relying on a John cocherel or
19:24a dinora or you know these were the
19:26smaller players that were into the
19:27electron her business but with L&D
19:30putting its weight behind uh this value
19:32chain and haa relian is out there
19:35hydrogen is going to come through so you
19:36know it it gives you a lot of
19:38optionality but at 3600 I don't even
19:41think what it must be valued
19:42historically I mean on a trailing basis
19:44about 40 times it's it's not something
19:47which you are overpaying for so on days
19:49when you know and yesterday by the way
19:50two days back LT was at 33 you know so
19:53it's just that uh you you you get these
19:56kind of moves from companies which are
19:57sounding boring now you'll have this in
19:59all Nifty stocks whether it's the H and
20:01itcs of the world that's the next round
20:04of of interest that should come from the
20:05sector rotation perspective but I think
20:08uh to answer your question even at these
20:10levels it makes great sense to back this
20:12up okay all right uh you know got that
20:14prash and as you said you got a bit of a
20:16dip if you participated you'll be up CL
20:18around 8 to 9% just in the in the last
20:19few days by the way just one alert I
20:21want put up Reliance Industries hit
20:243,000 rupe Mark you know it touched that
20:26and then it's come up that so the reason
20:27that the markets got got that additional
20:30leg off is because Reliance industry is
20:31the largest weight in there it took that
20:33you know leg up and in fact it moved
20:34High it hit 3,000 and it's hovering
20:36around that Mark and we have our
20:38clearand numbers that are flashing for
20:39you on the screen as well there is a
20:41degrowth on a yearyear basis I think but
20:43uh it's better than expected quick
20:45comment on this one prakash Ashok lelen
20:48holding at around 170 rupees OD these
20:50numbers actually looking a little bit
20:52better I think it's a 3% beat in
20:53comparison to what we working with still
20:56but still a degrowth yeah yeah so look
20:57at dat aous commercial vehicles also
20:59that's the same pattern so I think it's
21:01because last year there was a lot of
21:02restocking after the covid recovery
21:04happened you know 21 we saw the entire
21:07shutdown of ss and 22 was the buildup so
21:1023 was uh restocking which probably is
21:13where the numbers on a w bases look back
21:15and but but given given the way uh
21:17things are moving on the export
21:19orientation and Mining you know Ashok
21:21Len benefits hugely from the M mhcv
21:25segment which which comes from Mining
21:27and if mining is to be you look at Mo
21:29increasing prices look at nmdc talking
21:31about higher output look at coal India
21:34all the time beating expectations on
21:35output all this cannot happen without uh
21:38Earth moving equipment and especially
21:40the tippers that these guys can very
21:42easily Supply so I think and luckily
21:46Electrify uh commercial vehicles at this
21:48point in time so much as much as just
21:51just that segment of buses especially
21:52with you know a lot of these
21:54corporations wanting to use the you the
21:56the electras and the jbms of the world
21:59but otherwise I think Ash L has it sweet
22:01spot uh it's it's weathered quite a bit
22:04of the storm so you will stly start
22:06seeing a lot of improvement from year on
22:08if I ask you over the next one year
22:10which stock will be a better mover
22:11ashoke Leland or HDFC
22:14bank that's so CH both not not at all I
22:17mean from a you know comparing them on a
22:19business but just stocks that have been
22:21testing HDFC is the one that uh seems
22:25imminent but if HDFC uh uh takes longer
22:30uh you know because of the kind of heavy
22:31lifting that it would have to do to move
22:33even 10% let's say you know 150 bucks
22:36it's not easy for HDFC in the market cap
22:39whereas for Ashok Lan 10% is not even
22:41200 bucks so you know that that makes it
22:44easier but I think HDFC is right for a
22:46uh reating of sorts let see end of March
22:50and these Banks private sector Banks
22:52should look very different I can assure
22:53you that much because uh you know we
22:55we've overdone a bit of that what
22:57happened to is SBI you know and then
22:59suddenly this after the numbers there's
23:01so much of love that's come back uh it
23:03could happen to axis it could happen to
23:05HDFC kotak IC all of them there's nmdc
23:09he was talking about more or being mined
23:11so more or is being mined by one of the
23:13minor therefore I think Les has been
23:16minded this time I saw the wrong number
23:19the 3.9 it's w more more
23:24than no no on a bio basis it's D
23:26actually it's down 12% said the amount
23:28of production but and also the sales
23:30numbers is up close around 5% so just
23:32looking at that but you know in fact as
23:35we having that conversation someone
23:36messaged me the N today the price Ste
23:38prices are lower so what are they hoping
23:39for I was looking at you know doing a
23:41couple of Google searches and the hope
23:43is that next week there'll be stimulus
23:44announc from China so I think that is
23:46the big reason of uh this uh big up move
23:49absolutely well we'll see but prash
23:51thank you very much for joining us great
23:53conversation as always thanks for
23:54dropping by and enjoy Mumbai you have a
23:56lovely Saturday with the markets on to
23:59we'll get you in now that you mentioned
24:01in all right well we'll take a quick
24:03commercial break here 360 points higher
24:05is what we have in the Nifty uh we'll be
24:08back after a quick commercial break more
24:09on I mean you know hospitals is the
24:11other pack which we want to discuss
24:12stocks are down once again Max is down
24:14to about 700 bucks uh things like yatar
24:17hospitals and a few others are all under
24:19pressure we'll also have mystery
24:21co-founder at boy in capital joining in
24:23on the other side stay
27:59welcome back well the markets continue
28:01to hold strong as we speak and we're
28:03heading into the last 35 minutes or so
28:05just take a look at TVs Motors you know
28:07that numbers come up for you on this on
28:09the screen it's not a cheap stock you
28:10know they're making some moves in the EV
28:12fora and the street loves those numbers
28:15exports up close to around 85% on a
28:17smaller base the headline number as well
28:19was up close to around 33% I think so if
28:22I saw those numbers correctly and the
28:24stock is just flying away the beat in
28:26comparison to our poll is around 4% you
28:28know in comparison to what we we were
28:30estimating but we almost have a 4% move
28:33on the stock 3 and half% in bulk of that
28:34move coming in the last few minutes
28:36Metropolis as well has uh moved higher
28:38in the last few minutes so there are
28:39stocks doing a thing of their own TVs
28:41reacting to its numbers spiking up
28:43Metropolis pulling back on the flip side
28:45world pool uh you know I think the
28:47global head said it right the stock is
28:49not very cheap so they're taking some
28:50money off the table investors are year
28:52as well taking some money off the table
28:54stock moves back to the low point of the
28:55day let's get in mystery
28:56co-founder Capital who joins us on the
28:59show hi jigar good afternoon good to see
29:01you in jigar I have to ask you about
29:03Metals what's going on today have you
29:04heard something uh you know 10 years ago
29:07or so I would have called you in your
29:08earlier avatar on the cell side and said
29:10jigar what's going on and it's not even
29:12November when normally you know the
29:13conversations are very very exciting
29:15because you're getting into that New
29:16Year people buy in November sell in
29:18February and you're packed up for the
29:19rest of the year have you heard anything
29:21overnight hi Nigel yes and I would have
29:24told you 10 years ago that you know
29:26China all the Whispers have started
29:28again uh they're trying very hard to
29:31sort of get their ducks in the row uh
29:34cooking coal pric is a week ago started
29:36firming up I know looks like it's going
29:38to go up again uh steel prices are not
29:41on the move just yet uh but then that
29:44can happen at any point in time uh steel
29:47are cyclical so might as well you know
29:49sort of buy the rumor and then sell the
29:52sell the news so pretty much how that
29:55conversation would have went
29:59okay uh all right so so hi afternoon so
30:03what's happening you didn't answer the
30:05question you told me what you told me 10
30:08years ago what about now he's saying
30:09that he'd say the same thing j is that
30:11it he' say the same thing yeah yeah yeah
30:13the N absolutely so see I think with a
30:15lot of these steel names like I was on
30:18your sort of Studio a few weeks ago and
30:21then we discussed that in the era of you
30:24know the sort of super Cycles being
30:28taken away all countries have created
30:30walls of their own so essentially
30:32everybody is now sort of trying to
30:34pinpoint what news you can trade uh in
30:37that scenario you know given the flow of
30:39money that's coming in the sector that's
30:41not run up a lot uh not really expensive
30:44Visa its own sort of historical
30:46valuation so it might make sort of sense
30:49to just play this out looking especially
30:52at how the raw materials have moved so I
30:54would say fundamentally nothing really
30:56changed changes but yeah sort of if
30:59China gets it sack together then there
31:01is some amount of money to be made with
31:03a cical name like this okay you know uh
31:07we want to talk about hospitals next
31:08right I mean stock sold off yesterday uh
31:10they are down sharply today as well now
31:12this is a space where uh it's it's a
31:15secular kind of story right I mean high
31:17quality healthcare services are going to
31:18be much in demand over the foreseeable
31:21future and uh you know the most
31:24hospitals are doing very well it's
31:26getting also getting more organized
31:28uh across the board but the Supreme
31:30Court of course has uh stepped in
31:32regulatory interventions remember over
31:34the last couple of years were going down
31:35but uh it seems to have sort of reared
31:37its head once again and uh it's leading
31:40to nervousness the Supreme Court is
31:42asking the center to kind of fix
31:43standard rates across procedures uh and
31:46it's it's said that if you don't do it
31:48we will do it as an interim measure Ika
31:50is here with what the latest is because
31:53uh I think Max for example uh is down
31:57and some of the others have also seen a
31:5915 20% knock AA what's the latest well
32:02I'll start with access which was written
32:04on it there was a blanket implementation
32:06of the ca clinical establishment act
32:08according to them will be difficult a
32:10possible outcome is that the C central
32:13government proposes uh to the Supreme
32:14Court to form a committee of
32:16representatives from state governments
32:18building a consensus across various
32:19stakeholders could take several months
32:21if not years the overhang to remain on
32:23the hospital sector till some clarity
32:25emerges Jeff they believe the litigation
32:27is at an early stage it's unlikely to
32:29result in any near-term adverse outcome
32:32adverse news flow is not uncommon for
32:34the sector and not always and has not
32:37always come into effect clsa Supreme
32:40Court directing standardization of rates
32:42is negative for private hospitals I'll
32:43be difficult to implement but they
32:45retain their out perform on a polo
32:47hospitals with the Target price of
32:497,000 you know the the court said that
32:52we you know we will step in and as
32:53interim measure we will prescribe rates
32:56I mean is that something which these
32:58brokerage ultimately all this consensus
33:01happens and they decide on something as
33:02you say some of some of them are saying
33:03it could take a lot of time but uh but
33:07but this I think what's also caught the
33:09attention is the court is saying we will
33:12is they are saying that they'll apply
33:14the CGH HS rates in the interim until
33:17the unless the government moves in the
33:19next couple of weeks yeah so so that's
33:22the big one right I mean uh if if the
33:24court steps in and prescribes then I
33:27mean you can keep sort of arguing and
33:28building consensus but the rates fall to
33:31the cghs rates which are sharply below
33:32what private hospitals charge right now
33:35thanks very much AA for that uh
33:37is with us uh uh I mean if you if
33:40you I don't know if you own any of these
33:41Hospital names but if you owned any of
33:43them and and uh how would you react to
33:46something like this would you would you
33:48keep the that ultimately this will be
33:50resolved or this is serious enough for
33:52exit no we don't own any of these names
33:55rashan but see it's anything that gets
33:57into a regulatory huddle sort of is very
34:00difficult right because uh think of it
34:02the Govern as far as the government is
34:04concern so far uh there has been a fair
34:07amount of understanding that they're
34:08trying to back off everything that can
34:11be Market prescribed right so you look
34:13at increasingly they are making a lot of
34:15rules uh very very well known and then
34:18they're just stepping back saying you
34:20know will let the market take care of
34:22itself but if it gets sort of into the
34:24Supreme Court trajectory and then that
34:27directs the government on how things
34:29need to be addressed then until sort of
34:31the situation is resolved uh you know
34:33you don't really know how you know the
34:36valuations react so like we say right
34:39that all stories are basically the
34:41numbers of today and some story for
34:43tomorrow now if the story for tomorrow
34:46does get imped uh then you don't really
34:49just depend on what the story the
34:51numbers for today are so I think no but
34:53I think the bigger question Prashant is
34:55that how many of the these sort of
34:57similar businesses are really there
35:00where in the greater public good
35:02something or the other could emerge
35:04because you know of some litigation
35:05that's going elsewhere so I think that
35:07needs to be taken into cognizance as
35:09well sort of I think it's it would be
35:11very difficult for anybody to keep
35:13owning this business is Keeping the
35:16on that's hospitals U quite a bit of
35:19regulatory overhang there given the
35:22statements that have comeing from the
35:23Apex Court by the way this is a Charge
35:26of the Light Brigade 350 points on the
35:28Nifty there's just no stopping there's a
35:29full half an hour to go before the
35:31weekend the day closes out uh and
35:34actually tomorrow hour tomorrow correct
35:36correct week doesn't close out tomorrow
35:37I stand corrected but till you know
35:39Monday to Friday at least close out and
35:41that is a very solid looking screen um
35:44 hi good afternoon just wanted to
35:46get your sense on two wheelers because
35:48those numbers are looking very very
35:49strong even now baj Autos numbers two
35:52wheer numbers up 25% uh we just had TS
35:55numbers they've done about 33 34 % on
35:57two wheeler sales this is I mean
35:59February over February last year uh and
36:02it kind of defies everything else that
36:04we keep hearing on you know rural demand
36:06Etc because a lot of these bikes are
36:09being sold in rural areas and doing
36:11exceedingly well now the question is on
36:12stocks because stocks have also moved
36:14quite a bit would you still be a buyer
36:17and let's throw in a word on CVS as well
36:19because that's the lagard side of the
36:21cycle and that that doesn't seem to be
36:22picking up so would you prefer CVS as a
36:24dark horse play or would you stick with
36:28wheelers hi s so no I think sort of you
36:32a particular month number is sort of a
36:34Bas effect as well that one needs to
36:36take into consideration but if you take
36:39the broader trajectory then I don't
36:41really think we are into a Zone where we
36:43are showing significant increase in
36:45volumes what's happening is that the
36:47commodity prices have been benign so far
36:50which means there contributions per
36:52vehicle have gone to almost historical
36:54highs and the market seems to be
36:56forecasting both things right one they
36:58seem to be forecasting that all
37:01incremental volumes so if you take
37:02analyst estimates most of them are
37:04projecting 80% of the next fiveyear
37:07sales in two wheelers will be EVS so the
37:10market seems to be believing that all
37:13that EV will be equally as profitable as
37:15ice which cannot historically be true
37:18now if you take a day like today your
37:21Nifty Sor sorry NSE Metals index is up
37:24three and a half% but at the same time
37:26because of these numbers you know the
37:28auto names are up as well so I think
37:31given the disruption given what's really
37:33happening two wheelers doesn't really
37:35fit the bill very well as far as we are
37:37concerned CVS might make the cut but
37:40again given where you see the sort of
37:43Staples demand coming through there have
37:46been all 2 3% growth numbers so I think
37:48even C I think the best way to play this
37:50is through Auto ancillaries where you
37:52don't really see a lot of disruption
37:54play through a lot of encelar are
37:56present across the Spectrum right so CVS
37:59sort of two wheelers and then you can
38:02pick up a bouquet of services that some
38:05of these offer and then played through
38:07that I think our historical play has
38:09been through an auto inary rather than
38:12per okay all right uh jar final question
38:16before we let you go simple question
38:19what are the top buy calls name a couple
38:23stocks right so so I think uh B per say
38:27Nigel not looking too bad I was actually
38:29you know know jigar I was going to ask
38:31you about that call on Max because yall
38:34have got it very very right I recall
38:36when you were explaining to us on a
38:37couple of shows valuation Wise It's in
38:39favor the stock has done very very well
38:41from there and even after this rally
38:42still valuation wise is cheaper I think
38:44a brokerage put out a note if I'm not
38:46mistaken I think the stock was at 600
38:48when you were uh quite positive on on
38:50this name so fill us in with that a view
38:53on that and if there are any other picks
38:55that you want to talk about
38:57right so I think yeah Max Financial is
38:59also sort of something that I think at
39:00the first show I ever did with Prashant
39:02maybe seven odd years ago five years ago
39:05was on the stock of Max financial and
39:09then we have continued to own that name
39:11pretty much since then uh I think the
39:14first part of the play Nigel was the
39:16runup because of a valuation
39:18differential and then generally life
39:20insurance penetration has not really
39:22been very bad and therefore that sort of
39:24continues to be a reasonably decent
39:26place in between number of budgets sort
39:28of you have seen some things play out
39:30other things don't and then I think they
39:32continue to do reasonably okay so that's
39:34a name that we continue to like but I
39:36think increasingly you're seeing a lot
39:39of private sector Banks especially uh
39:41the kex focused ones I think are now in
39:45the focus so 2012 to 2021 we saw all
39:49incremental lending happen through PLS
39:51or sort of personal loans 2021 onwards
39:54the capex cycle has fixed up but all of
39:58that is not yet funded through banks and
40:00only now you know that sort of funding
40:02is getting the GA gathering the momentum
40:06so I think kex focused Banks corporate
40:09focused banks are the ones that look the
40:12best so those are the ones that I think
40:14we are getting a lot more overweight
40:16on all right uh great chair as
40:20always appreciate you joining in and uh
40:23running us through uh that uh
40:25perspective thank you very much for
40:26joining us have a good weekend uh but I
40:29guess you'll be working tomorrow I think
40:31we've been uh so will you stumbling on I
40:35think yeah we just kind of still getting
40:37around to it you know acceptance will
40:39come eventually it will thank you
40:41so much for in case in case you're not
40:43working we are just telling our
40:45team to connect you so tomorrow we'll
40:46see you on the show as well 11:00 a.m.
40:48is when we'll like your
40:53views okay all right jger thank you very
40:55much for joining joing in well we do
40:57have to take a quick break before we do
40:58that well uh you know here's a happy
41:00occasion that everyone is watching out
41:02for we're talking about anant Amani and
41:05radika Merchants Mega pre-wedding bash
41:08that has begun at Jam nagar today among
41:10the big wigs that have started arriving
41:12uh include the paml family Anil Amani
41:14also arrived with his family a while
41:16back then of course Bollywood is making
41:18its presence felt shuk Khan and his
41:21family arrived we just get those
41:22pictures up that's an Lani there for you
41:25and uh was the the King Khan of
41:28Bollywood his and his family arrived in
41:30Jamar last evening to join the
41:32celebrations ranir Kapoor and Alia bat
41:37well well other high-profile guests
41:39attending the pre- wedding celebrations
41:41include udav takre along with son ADI
41:44takre and dipika padukon along with
41:46ranir Singh so it's a star studed pre-
41:49wedding bash cricketer Zahir Khan and
41:51his wife have also arrived at the venue
41:53a while ago and of course U this the
41:56celebrations will also feature a
41:57performance from Global Music sensation
46:08welcome back you're with us on closing
46:10bell and we're still tracking a 350
46:12Point rally on the Nifty NES is here
46:15with all the buzz from dealing Rooms
46:17Today what a turnaround NES right I mean
46:19in the earlier part of the week we were
46:20talking about correction midcap issues
46:22this that Friday has painted a very
46:24different picture hasn't it
46:26oh absolutely and what a great start to
46:28the mar Series right I mean the Nifty is
46:29up 350 points and and and again you know
46:32there is good leadership as well so a
46:33lot of large cap names are helping the
46:35Bulls to to fight this big move on the
46:37upside but but if you ask me if this is
46:40led by very large fi buying maybe the
46:41answer is no there is a small Moc buying
46:43is what I understand towards the end at
46:45the leing f is but there's no large
46:47large buying so to speak from the larger
46:49F that's overall feedback from a flow
46:51perspective but I guess what's helping
46:53India to outperform across most of the
46:56peers is a strong domestic data the GDP
46:58data right on back of that lot of the
47:00domestic facing sectors have done really
47:02well today the metals are buzzing in
47:03trade looks like a short covering rally
47:05in medals but Banks to have have been a
47:07big rally the bank index is up almost 2
47:09and a half% and there's been a big surge
47:11as well so uh towards the banks at least
47:13I can understand there's a bit of buying
47:14buying as well but broadly I guess it's
47:17it's a it's a large part of the short
47:19covering rally and today's move is
47:20largely led by by the large caps but you
47:23know the big question is you know how
47:25can we build on this momentum that's
47:26something to track going forward but
47:28today looks like a good good uh short
47:30covering rally in metals and a bit of
47:32buying in the in the large cap names
47:34well that's righta you know after a
47:36while we are seeing that the Nifty has
47:38outperformed the mid and small caps for
47:40the week itself because both those two
47:41indices are still in the red so these
47:42large caps have done quite well what
47:44about individual stocks NES what do you
47:46have on your list uh well n know while
47:48the Nifty has done well today uh in my
47:49chat list most of the stocks are part of
47:51the midcap and the broader Market stock
47:53so the first name is DB reality that's
47:55been consolidating a narrow range but
47:56now I understand the company is very
47:57close to raising funds by qip so watch
48:00out for that going forward the second
48:01name is Bombay dying big move on that
48:03stock and large volumes as well and I
48:05understand a domestic mutual fund has
48:06now started accumulating DB bomb dang at
48:09this level so that explains a big move
48:10in that stock as well the third name is
48:12sham metallic for the last couple of
48:14days the volume is on the highest side
48:16good good amount of accumulation as well
48:17from hn and and there are strong B flows
48:19as well from from larger H in the last
48:21many days so that explains the move in
48:23sham metallic and the last is you know
48:25the farma names while everybody's
48:27talking about Hospital stocks under
48:29pressure purely from a flow perspective
48:31both spla and orindo are marginally
48:33under down but there are but there is
48:34selling pressure from larger F expect
48:36delivery High delivery volumes in both
48:38spla as well as in arindo
48:40today okay all right nsh thanks very
48:42much for that that's a chatter as Nish
48:45is picking up mes is with us with the
48:46what to buy or sell today for a reverse
48:48trade tomorrow Rock Solid nothing being
48:50given back so you'll end 3 I mean not
48:53end but there's still some time but at
48:54least 300 points points by the looks of
48:57it since there's no looking back no
49:00hesitation but tomorrow is also you got
49:02two hours of trading tomorrow uh how
49:06mes so uh my sense is that I think you
49:09know uh on the index carry on to your
49:12long positions and even the stop side I
49:14have a btst on HDFC bank with a stop at
49:181423 for targets of 1450 and the other
49:21one is bataa I think another stock which
49:23has been underperforming and is trying
49:24to reverse btst here with a stop at 1421
49:301450 okay all right mes thanks a lot for
49:33that by the way maruti's numbers are
49:35there in comparison to our estimate I
49:37think it's a 1 or 2% beat on a year ande
49:40basis I think the growth is closer
49:41around 15% on maruti but that stock has
49:44moved up it's that sort of a day right M
49:46be this Market likes it TVs we saw it we
49:48saw it in maruti B those two stocks
49:50moving higher and IA Motors the CV part
49:53of their business there's a mild 2%
49:55growth on a year in year basis uh as we
49:57speak and that stock is uh you know
49:59holding with some gains 1 and a half% g
50:02that's a smaller part of the business
50:03the bikes is the key driver of those
50:05earnings in there but hormas you know
50:08trust him to come up with some
50:09interesting data on mutual funds playing
50:12the EV battery uh theme haras take us
50:15through this electrifying piece so to
50:18call it well you know there are certain
50:20buzzwords that have been doing the
50:21rounds all these months and one of them
50:24is electric vehicles and there are a lot
50:26of components associated with the
50:28electric vehicles and one major one is
50:30batteries and playing that theme through
50:32two major stocks which is amarar Raja
50:34and through exite now what we've
50:35gathered is that over the last 12 months
50:38mutual funds the domestic ones have been
50:40steadily increasing their stake both in
50:42Amara Raja and in exide now you take
50:45Amara Raja first from December of 2022
50:47when funds had around 1.3% stake in the
50:50company as of December of 2023 that has
50:53gone up to 6.2% at the close of last
50:56year some of the major funds there kotak
50:58small Cap Fund has a 3 and a half% stake
51:00nepon India multicap has a 1.2% stake
51:03there as well now when it comes to exide
51:05they have domestic funds have a larger
51:07stake there compared to Amara Raja in
51:09December of 22 they had around 10% that
51:12has gone up to around 14% as of December
51:15of 23 some major funds there is also
51:17kotak which is the tax tax saver scheme
51:19which is around 5 a half% stake and adya
51:22B sunlife and the DSP India fund also
51:24have close to % and a half in that now
51:27when it comes to foreign investors
51:28amarar Raja is the one that has a
51:30greater stake compared to exide now FBI
51:33at the start of December 22 had close to
51:3535 a half% stake that has come down as
51:37of December 23 but that is because the
51:39clarios arbl sold off their uh remaining
51:43stake in the company in a block deal
51:44that took place in July and since then
51:47as of December of 23 that stake is down
51:48to 24% when it comes to exide the FBI
51:52stake there has remained largely flat it
51:53was 11% in December of 201 2 it's close
51:56to around 133% as of now in December of
51:5823 now what are these two companies
52:00doing when it comes to playing this E
52:03theme exide is playing this through its
52:04subsidiary which is exide Energy
52:06Solutions and they are pumping in the
52:07money there by the Dozen and they have
52:09so far invested almost 2,000 CR rupees
52:12in that subsidary and they into
52:14supplying lithium ion battery modules
52:16and packs with a 1.5 gaw HZ capacity and
52:20they have a 700 CR order book which is
52:23going to be executed in the next 12 to
52:2415 months for Amara Raja they have an
52:27initial uh they foring into the lithium
52:29ion battery packs manufacturing with an
52:31initial capacity of 2.3 gwatt hour and
52:34that capacity will be ramped up going
52:36forward and they are going to undertake
52:38a kex of around 1,500 CR rupees over the
52:40next 2 and a half years now these two
52:42stocks as funds have increased take the
52:44stocks have also done well Amar Raja is
52:46up 50% over the last 12 months exite has
52:48been the outperformer it's up 85% as
52:51well now these are the two stocks but
52:53anything related to Eevee that that
52:55Mania is there on the street as well
52:57because recently there was the this IPO
53:00of execom Tes systems which is into
53:02which is a developer of EV charging
53:04solutions for both homes and Industrial
53:06Enterprises that IPO was subscribed over
53:08130 times and the retail portion was
53:10also subscribed over 100 times well the
53:12mutual funds got it right this time at
53:14least in the E battery pack so far and
53:17they have made money for sure Arma
53:19absolutely minia is probably the the
53:21right word the IPO that you mentioned
53:23exacom only 30 % of their business by
53:26the way right now is Eevee charging
53:27they're looking to grow it but it's 30%
53:29as of now 70% is charging solutions for
53:31mobile Towers but anyway Eevee is the
53:33word and the market absolutely loves it
53:35thank you very much for those details
53:37over there those are some sales numbers
53:39coming in right now we have only the
53:40commercial vehicle and the export
53:41numbers for ra Motors Waiting by to see
53:43what the two wheer business has done in
53:45the domestic Market we'll take a break
53:47on that note come back with more uh in a
57:38welcome back tracking the last couple of
57:40minutes of today's very very strong
57:42trading action now we're getting some
57:43updates on coal India oft is up
57:4612% uh 65.3 versus 58.3 production never
57:51an issue right for the company at least
57:52in the recent past no production
57:53actually is okay but I I like the off
57:55you know because coind they should
57:57produce more the off was always a
57:58problem they always had those
57:59bottlenecks Logistics issues but the off
58:01numers looking good this month you need
58:03to not I think it has an extra day right
58:05uh in uh in the month of February in
58:06comparison to the last February but
58:09these numbers look good the only now the
58:11point that we have to wait by is how are
58:13the e auction pric is shaping up as we
58:15had covered earlier you know 2 weeks ago
58:17or so is that the e auction prices as a
58:20premium in comparison to FSA had come
58:22down from around that 85% 100% out to
58:25around 45% so that's going to be the key
58:27but otherwise these numbers look quite
58:29good s Bop joins in so I'll just take a
58:31query to him s your view on coal India
58:33it's been a big outperformer from ESG
58:36concerns to India is going to be growing
58:38and we're going to require par and so
58:40we'll require coal as well you know
58:42that's the way the narrative changed at
58:44around 450 rupees what's your
58:46view Nigeria absolutely right I think we
58:49wrote off coal India a little too early
58:51and then we realized that you know we we
58:54continue to code for P for the next 20
58:5630 years uh and the demand is
58:58continuously growing with India getting
59:00completely electrified under the
59:02circumstances the demand for coal India
59:04is going to continue for the forceable
59:06future uh coal India production has been
59:08improving uh efficiency has definitely
59:11been improving but the only challenge
59:12has been uh the e auction prices which
59:15have come down from about 135% premium
59:18to about 45% premium that's a bit of a
59:20question but even even under the
59:23circumstances I don't know the premium
59:25numbers right now are but uh at current
59:29level considering uh what they are doing
59:31and considering the dividend payout and
59:33the valuation I think coal India can be
59:35bought for you know one year plus
59:38hold okay that's coal India by the way
59:41the other story of the day has been an
59:42extremely strong move on the bank Nifty
59:45we haven't discussed that enough but
59:462.4% up on that index out performing the
59:49Nifty solid solid move by all the large
59:51cap Banks including an HDFC Bank by the
59:53way today leading from from the front of
59:55course is IC Bank indent has been
59:57looking very strong IC is up 3% by the
59:59way uh big move on Frontline Bank stocks
01:00:03suep hi good afternoon how do you read
01:00:05this I mean it's something that the
01:00:06market has been waiting for for a long
01:00:09time now if you were to put fresh money
01:00:11to work in say two to three uh you know
01:00:14big Banks PSU or non PSU which ones
01:00:18be well I think I will definitely pick
01:00:20up HDFC as one of them I think the
01:00:22correction has been overdone there and
01:00:25um you know I'm reasonably confident
01:00:27that post the March uh uh uh you know
01:00:29when the numbers come out I think Market
01:00:31will be in for a pleasant surprise as
01:00:33far as HDFC is concerned uh they have
01:00:35taken a calibrated strategy of not going
01:00:38for high cost deposit and U you know
01:00:40getting the margin deflated and I think
01:00:43that strategy will pay off uh they need
01:00:45to do deposit mobilization little more
01:00:47that's absolutely goes without saying
01:00:49but by and large the way the management
01:00:51has uh kind of explained this strategy
01:00:53it makes sense and uh I think it
01:00:56deserves a better valuation compared to
01:00:57its peers as things stand today so HDFC
01:01:00will definitely be one of them then I
01:01:03can go and pick up maybe an AIS uh and
01:01:06uh maybe even an ICI bank I think you
01:01:09know the PSU particularly the large PSU
01:01:12Banks like SBI you know I love SBI I
01:01:15think that that's a great bank and
01:01:16they're doing great job but I think the
01:01:18valuation has moved up quite a bit in
01:01:20the recent past and at this stage if I
01:01:22have to pick uh you know looking at
01:01:24March numbers and you know the March
01:01:25results around the corner I think I will
01:01:28go for you know HDFC IC and access all
01:01:32right s thank you very much for joining
01:01:34us uh short conversation today
01:01:35appreciate you uh sort of joining us and
01:01:38you know tomorrow is training so uh good
01:01:40luck appreciate it well I think some
01:01:42news coming in from the Met uh but we'll
01:01:45have we need some interpretation of this
01:01:46El Nino condition is becoming weaker
01:01:48that's coming in from the
01:01:50IMD uh so of course I mean the next big
01:01:53kind of thing is uh still still a little
01:01:56further out of course only in June but
01:01:59monsoons right uh more heat wave days
01:02:01seen uh I mean some more things coming
01:02:05through but we'll have more context on
01:02:06this the market will end 300 Points Plus
01:02:08actually almost 350 points higher than
01:02:10ify bank will end two and a half higher
01:02:12midcap index about 0.9 and the small cap
01:02:14index about half a percent 0.5 plus
01:02:16actually is what you will see in terms
01:02:18of again steel did very well D steel jsw
01:02:20steel jspl sale I mean these were some
01:02:25uh which uh started I mean actually it's
01:02:27not as if they all started higher they
01:02:29started flat to even lower and then
01:02:30through the course of the day picked up
01:02:32pace and continued to move up the metal
01:02:34index almost 4% higher in trade s well
01:02:37if I look beyond the nifty50 then the
01:02:38metals team was very strong look at a
