Is it a good time to buy travel related stocks? Daljeet Singh Kohli answers
«We want to increase the exposure to consumption sector as such because that was the sector which we were significantly underweight,» says Daljeet Singh Kohli, Vasuki India Fund.
What is the say on defence pack? Yes, the order books of these companies were quite solid. The question was on the execution and then the valuations. Would you still buy afresh?
No, I do not think for buying fresh, you will have to look for some differentiated ideas. Maybe within the pack if you can find something which is a supplier to somebody or which is doing some particular component, some parts or some kind of services that they are offering, so those kind of niche ideas one can still look at.
But the frontliners, I think they are all trading at very lofty valuations. Yes, there is an execution happening there. We have seen numbers coming. Both this time, FY24 numbers were good for all of them and their order books are also very heavy.
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But to assume or extrapolate that this similar kind of execution and similar kind of order book will stay for next three-five years which the stock prices are saying, I think that will be too much of expectation.
So, one has to be very cautious here. If you are holding, obviously, you have no reason to get out of it or book profit. But if you are not
