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- Focus on market leaders with strong business growth
- Expect cash flows from Zomato
Mumbai: In 2021 Capital market easily beat inflation and also FD rates with return of around 24% by Nifty and almost all sectors provided return of above 10%, however in the last 2 and half months we also saw a corrections in the market where Nifty fall around 10% from high. As the year begins FIIs started buying in the market and in first few days of trading Nifty gave return of around 3%. To understand more on the view on capital market and opportunities to make money in 2022, we spoke to founders of Girik Capital Charandeep Singh & Varun Daga.
Starting with view on market Varun explained that the nifty index is fairly valued, and investor should focus on business leadership and earning growth.
Varun also shared his optimism on Reliance, highlighting RIL’s ability to be market leader in businesses it operates and future for its retail and telecom business.
Talking over the industries, Charandeep shared view on Technology and Financials, where Girik is heavy on Technology and selective on financials. He also explained his opinion on Tata motors in great detail, business where large capital expenditure is needed and secondly JLR business of Tata’s is a concern, however Tata’s strategy on Hatchback’s and SUV in personal vehicle segment is a positive will this strategy sustain in long run is something to watch.
On IPOs Varun considers business of Zomato, Nykaa, Policy Bazaar, RateGain to great businesses having higher valuations, where he is looking for entry point to invest. Charandeep closed the chat with the bright side of market volatility, that is, the opportunities to investors.