Data centre and transformers are long-term themes; liquor a structural play: Madhu Kela

economictimes.indiatimes.com:

Market veteran Madhu Kela remains very positive on transformers as an industry in the medium to long run. These are very deep cycles – the downturns as well as the upturns. A new cycle has started and he expects this to last at least 5-10 years and within that, there are select companies that will continue to do well. Kela is also bullish on data centres as a play. With this privacy law and the data being retained here, data centre as a play and anything peripheral around the data centres will do well.
Let us talk about two areas, over the weekend, one transformer company came out with results. You had some exposure in there. Has the transformer story played out because these stocks have become eight to nine times in the last one year? Also, what about data centres? Now big developments are coming in the cloud and some of these companies are tying up with Google, etc. You have exposure in those areas as well.
Madhu Kela: So, data centre, we made a significant investment in one data centre company which was a private company. So, I am very bullish. With this privacy law and the data being retained here and the amount of data that we are generating today, data centre as a play and anything peripheral around the data centres will do well.

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As for transformers – a full