Hotel stocks a good space to be in for next couple of years: Rahul Chadha
«So what is happening in IT is clearly your discretionary spends have slowed down considerably. But at the same time, your large $2 billion cost of deals are happening. So somewhere, these deals are coming through. See, the corporates are saying, look there is an opportunity for us to look and revisit our processes,» says Rahul Chadha, CIO, Mirae Asset Global.
Reliance Power issue got subscribed in 60 seconds of opening and it was a Rs 7000 crore IPO in 2008. Add inflation back up, it will be bigger than 25,000 today.
I think we have seen that again.
And look, it is very important to preserve capital. You will get opportunity to make money. And if you look at most of the retail participants, I think that is a concern.
They like playing in derivatives, F&O that gives them the bang for the buck. They are levered on that. I think we need smart anchors like you guys to help them there.
That is the only thing I will say.
Since you have tracked IT for so long, tell me what is happening with IT? I mean, what is the real picture right now? There is all that AI threat, the slowdown in the sector, companies coming out, cutting their guidance, talking about weak visibility for the next two to three quarters. Is now the time to buy them?
So what is happening in IT is clearly your discretionary spends have slowed down considerably. But at the same time, your large $2 billion cost of deals are happening.
So somewhere, these deals are coming through. See, the corporates are saying, look there is an opportunity for us to look and revisit our processes.
And that is where these large deals are happening. So these large deals take their own sweet time to ramp up.
