Key Points
Ajay Srivastava: In terms of the market, I think it is a very good place to be because the right stocks are getting traction, the bad stocks are getting hit and segment-wide also..
One can be patient in buying in a market like this, market will give you options to buy because there is no reason to jettison these themes of PSU at this point of time, including PSU banks...
No reason to change any strategy, any theory, add on correction and sit quiet.. You know, we are talking of a government which is going to come for five years on the same policy platform; railway, security, infrastructure, power plant put together..
You wait for corrections to add, but you do not wait for serious corrections to start a portfolio because on the day when the market goes into turmoil you have been in the market so many times, the mind does not want to invest at that point of time, it just wants to scare away from the market and you have seen it so many times...
It applies to HDFC Bank, the universe is 500 million, but now they got 40 other banks and 2000 fintechs to share the 500 million, that is why I said a Zomato or a Paytm for instance would not have this competition of 40 banks and 50 players..
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