“He was a great trader and a great investor and understood price as well as value and that was truly unique. He could see undervalued companies, undervalued stocks, he could see the long term in that. He followed only how the price is going to behave but also how the company is going to behave and a lot of those nuances have been truly very insightful.”

“One feels relatively safe to add housing finance stocks where the visibility for the next three to five years is intact. So within the real estate theme, I would like to buy allied sectors in housing finance, some of the building material companies which are looking relatively interesting and cement stocks also cannot be neglected. ”

“The reason why we are negative is firstly because we are trading at close to 20% above our valuation peak and almost at a 60% premium over Asian peers. Investors need to be cautious on the market. There are global risks. Our economists believe that global growth is likely to slow down, inflation is likely to remain elevated and they advise that credit assets should be avoided.”

“In the next five, seven, ten years, the big will continue to get bigger but there is a second trend which is starting which is the survivors; the smaller companies, the manufacturing companies are likely to now grow and spread. The breadth of the market has improved and that is telling us why small and midcaps are outperforming the large caps. The time has come to bet on the leaders of tomorrow.”

"The money is directly or indirectly coming into our market for investment. So all of it put together, the domestic flow is remaining strong and global flows are also extremely strong, the corporate sector earnings are quite promising and showing robustness in successive quarters. At the same time, good monsoon is keeping the food prices under check and as the global crude oil prices are also under check. Inflationary pressure is coming under control for India."

“We thought we would get a 6.9% print for August and 7% print for September. We have to see whether we need to push our September number further up but I think we are still going to end up mildly undershooting the Q2 projections that the MPC had put forward for the CPI inflation. Net-net, it is a complicated set of circumstances as far as the next policy meeting is concerned which is just a couple of weeks away.”

“For something that grows at 10-11%, we are paying 27-30-40 times earnings and it is the rainy season. So a lot of demand will come in the December season, for the Diwali. That expectation plus the price hikes are making cement stocks go up, but overall I feel it is a very temporary move. These stocks are overvalued. This is not the greatest time to buy into a five-year cycle. I am avoiding the sector for now.”

“By and large when the market is super bullish on looking for new ideas, holding companies come up and one can see some of their discount narrow. One can look at Tata Investment as that has always been a stock which has traded at almost 40-50 discount to its holding. One could look at that as a closed-end mutual fund,” says Anand Tandon.

"The Nifty Midcap index has rallied smartly from the recent swing low and has surpassed the April 2022 swing high by a small margin. But given the uncertainty in the global markets, we could see a rise in volatility in the near term in the midcap basket. Thus, it is better to be very stock specific and focus on companies that have focused on domestic growth opportunities and have seen consistent earnings growth."