Don’t book profits, stay invested; Zomato, PSU pack could be 2-3-year structural stories: Rahul Shah

economictimes.indiatimes.com:

Rahul Shah, V-P, Equity Advisory, MOFSL, says telling clients not to book profits but stay invested. “PSU is the theme which we have also been since the last couple of months we have also been participating and we have been also advising clients. So, stay invested. It looks like the earning season also has played out well. I think it is just in our range right now. But there could be some more upside from here.”

What are you telling your clients? Time to book profits, time to stay invested, what is the house advice?
Rahul Shah: We are not asking clients to book profit but to stay invested. We have seen different themes coming up on the markets and there just has been sector rotation from one sector to another. So, stay invested. PSU is the theme which we have also been since the last couple of months we have also been participating and we have been also advising clients. So, stay invested. It looks like the earning season also has played out well. I think it is just in our range right now. But there could be some more upside from here.

Unlock Leadership Excellence with a Range of CXO Courses

Do you believe in the CLSA's outlook? They think that after 150% upside in the last one year, it can give you another 45% in the next two years, Zomato.
Rahul Shah: I think what happens is if you look at it, last two-three quarters