Capex companies will face a longer winter than consumer companies: Ajay Srivastava

economictimes.indiatimes.com:

Ajay Srivastava, CEO, Dimensions Corporate, says, three segments – appliances, hotels, aviation – will directly see improved consumption. I am not sure capex companies are going to see a major uplift for the simple reason that government spending has to kick in and that is where the bigger problem lies. The government is not spending money for the right reasons like fiscal deficit, etc, So, capex companies will have a little longer winter than the consumer companies.
It has been a tumultuous market. Nobody expected the US market to bounce back the way it did. Nobody expected Indian markets to correct the way it has. Where are we headed? Will the entire grind continue? Are we in for a long winter?
Ajay Srivastava: Oh, no, not at all. Let us be honest. At the end of the day, when the market goes up, the whole world says it will keep going up. When it starts to go down, the theory is everyone says, you know what, underperformance continues, we will do badly and so on. We got caught and it is strange that people never thought that September would be a bad month in the economic cycle of India, given elections were just finished and the consumption cycle would change from October because that is the festive season. It will reverse itself. You will find earning surprises for this quarter.

So, whoever has been wallowing in pessimism, will pay the price very soon when they realise that October onwards has been pretty good. As for November, all the indicators that we see from the market are very good. So, a complete