One key themes to look at for is defence, mentioned Anand and Shenoy.
“We began off considering that the defence order e book could be small and it will largely be industrial explosives and packed explosives,” Shenoy mentioned. “However not solely are they getting orders in hand grenades, rocket ammunition, aerial command centre, one of many new drones they’ve [at the Defence Expo] can truly carry hundreds as much as 4 kg.”
“What’s essential right here is it’s a must to take a look at orders, not simply the present order e book however the order execution yr sensible, what are the long-term orders like in yr 5 or 6 years,” he mentioned. “There are milestone funds to orders and dealing capital can change into a little bit of a problem.”
Shenoy is bullish on one thing he calls ‘maha tendencies’, issues which have modified India in a means that we could not have imagined earlier than.
“There’s a main pattern in UPI, which has modified the way in which India transacts. There’s ONDC, which is arising as a really massive pattern. There’s a huge change in logistics worldwide, and likewise in India,” he mentioned. “Inside India, whether or not it’s highway transport, rail transport with a devoted freight hall, linked with ONDC, or the logistics provisioning that’s taking place in in numerous fronts, I believe India is in for a really, very massive modifications. These are in fact the bigger tendencies over there.”
Shenoy sees the rising reputation of financialisation throughout the nation the place individuals are investing extra into monetary belongings fairly than actual property and gold.
“About 75 or 80% of our shares sit both straddling or significantly targeted on a few of these themes,” he mentioned. “We’re additionally including Indian consumption… however I am taking part in this for a five- or six-year interval.”
The remaining elements of the portfolio, they mentioned, could be shorter time period, targeted on fascinating alternatives that may very well be realised within the subsequent one to 2 years.
Anand mentioned he’s bullish on banking theme as effectively, based mostly on the efficiency to date.
