It’s okay to go bullish till Budget and evaluate for next 6-9 months: Samir Arora
Samir Arora, Founder & Fund Manager, Helios Capital, says “there is no need to overly worry right now. Let us go bullish till budget and then evaluate properly for the next six-nine months. We have been bullish and let us continue other than the small changes here and there. The money that we raised from selling the smallcaps, we invested into two or three largecaps.”
You have tweeted on ITC because of the BAT sale. You have rightly tweeted that first you were expecting the government to sell a stake in ITC. But the opposite has happened and BAT is selling stake, not the government.
Samir Arora: During the SUUTI share sale, I used to tweet a lot saying, it is easy to sell this one, the government should not be seen as owning cigarette stocks. Therefore, we used to think at that time BAT may be interested in buying. But now, we see, it is the other way around. But you have to give credit to this market. This market has become so big, that knowing that there will be a $2 billion or whatever dollar sale, somebody came and immediately bought ITC. That was amazing! People have too much money, I think these days. For only 1% correction, they jumped in and bought today, knowing that there will be a $2 billion size sale.
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