Key Points
There is some reluctance to invest in PSUs simply because the government keeps changing the rules in terms of not allowing them to make the money that they would normally make.. So then what are you left with?.
Pashupati Advani: I would definitely say infrastructure stocks because the government is spending money on infrastructure..
If anything, the change has been I put Nykaa below Policybazaar simply because of the announcement the Reliance has made that they are going to come into the same cosmetics business and as all know, the markup on cosmetics is high..
I actually see some falling off in the HDFC twins simply because together they become a very large and dominant part of the index and there will be some funds who will be forced to sell off because of concentration, That is one of the things that is going to put price pressure on those stocks even though fundamentally there is no issue whatsoever with either of them..
Of course, there is the overhang of the Adani issue which is about Ambuja and the LafargeHolcim issue which is about the big Indian cement companies and there is a question as to whether there is going to be any kind of a trade or if they are trying to sell 5-10% of it..
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