Long-term investors can start nibbling in Jio Financial: Nischal Maheshwari

economictimes.indiatimes.com:

Nischal Maheshwari, CEO-Institutional Equities, Centrum Broking, says “in a long-term portfolio, I would not bother for the next 5-10% fall in Jio Financial. I would start nibbling right away and on every 5% fall, I will keep on adding. I would go out and buy maybe 25% of whatever I wanted to buy today and thereafter every 5% fall I will keep on adding another 25%.”

What is your take on RIL’s AGM? What will the market participants be watching out for given that there is no big-bang new announcement?
One thing that the market and everybody is waiting for is what is going to be the plans for Jio which got listed a couple of days back and after the listing, the prices fell and then last Friday there was very aggressive buying by some of the mutual funds.

So, that is what is going to be really looked out for. Another thing which people will look out for is if there is any indication for listing of other subsidiaries like retail and telecom.

These are the things the market is going to look out for in this AGM.

What is your outlook on the railway and defence space? We were mapping out the year to date returns earlier this morning and they have been on a fast track. Is now the time to book profit partially or does the road ahead still looks exceedingly promising?
It depends on what kind of time horizon one has.

If you are short to medium term, you can take away some profits from the table but if you are a long-term investor, then most of them have very good order books and the outlook, especially from the railways and defence, continues to be very promising. If you are a long-term investor, just remain invested.