Key Points
"I think it is more rather than the IPO boom, it is more, I can guess, the more the vehicle market or the passenger vehicle segment which has now started to expand, the premiumisation, the inspirational Indian coming to the fore which is now driving these markets more," says ...
So, yes, you made a point absolutely right that Hyundai has a mark-to-market market share sort of along with Maruti a lot of discounts where they sell SUVs like Creta and these urban SUVs which sell very well.. Ideally, yes, it is a good time for this type of a company to come into the market..
I guess it is more a move that is medium term in nature but having said that, this side of the market, for example, Reliance had underperformed for the last six months, one year time frame I think it has just come out of that hibernation mode and most of its businesses, look at the numbers, most of these numbers were excellent be it Jio, be it the retail numbers, be it the O2C business, plus I think also the GRMs...
I think yes, it is into the right kind of the business and probably financial is one theme that is riding high on, it might have phases of sort of small hibernations in between but the model that Jio Financial is trying to get into, probably even the EMC that will come into picture and the other line of businesses, all these businesses together probably India is still underpenetrated and I think it is going to take the advantage of economies of scale, the reach that this company has...
There were robust balance sheet to not only lend, but I think there is nothing in the pipeline that can immediately come and disturb, add to it the fiscal deficit number that the government talked about and the lower borrowing figure that they talked about in the interim budget, that also has spooked this side of the PSU banks where I think most of their gains on the bond side can come on the treasury side because we saw the bond yields collapsing on that day and probably that is a sign towards lower inflation and lower rates over a period which these banks would be big beneficiary of not only in the treasury portfolios, but overall as well...
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