“Smaller companies are more volatile but they give a lot of euphoria also. We are interested in the younger companies. The old ones are not bad but if you can live through the volatility of the smallcap market, that is the place for sizzle, excitement and a lot of money.”

“When risk-on happens, largecaps move up and then mid and smallcaps follow. We are seeing that typical cycle happening in the market where first the largecaps moved up and now that valuation catchup is happening with the midcaps as well as smallcaps. We have been positioning ourselves towards the cyclical sectors.”

“There is a good possibility that the Nifty is heading for not only a new lifetime high but 20% return from current levels which comes to approximately around 21,000 on the Nifty. We are bullish on the Nifty with a 6-12 month timeframe and we believe that in this rally, the leadership will come from banks, auto, FMCG, capital goods and may be IT as a big reversal play.”

“Rakesh Jhunjhunwala invested in Nazara in early 2018 and I still remember meeting him in his conference room. It was a fanboy moment for me because he was the Sachin Tendulkar of the stock market in that sense. His focus always was, be clear on your strategic focus and dominate whichever space you operate in. ”

“We built up a position in ICICI Lombard. We had a smaller position last year. It has been ramped up significantly over the last six months. A lot of stuff is happening in IRDA which is very encouraging for high quality multiline insurance companies like ICICI Lombard. We hope to make more money from it in the years ahead.”

“There will be corrections down the line but in my opinion, the fear factor is much less unless there is some other catastrophe around the corner. We should be able to gradually build on these gains and the market can start trading at around its previous high, over the next few months or so.”

"Nearly half the fiscal year has passed, so I expect the prevailing uncertainty to not materially impact FY23 performance. A slowdown, if at all there is one, may impact growth in FY24 and beyond. However, I think we will get a better view of the scenario a few months down the road."

“Within the oil and gas space, there has been weakness with respect to the PSU gas space. That has favoured Reliance Industries and is reflecting in the stock price. As for its retail segment, they have been doing phenomenally well and so we are overweight on Reliance but generally we are underweight oil and gas. ”

“Stocks like Siemens, Honeywell Automation, ABB, Hitachi have been on our buying radar since January. We are looking for good returns. In the last four-five years they have not given returns and there will be a lot of capex on the upgradation of machinery. Many of these companies have adopted automation and digitisation. One stock to play auto ancillary plus digitisation is Bosch.”