Pashupati Advani on where he is taking some chips off the table & what stocks he is buying now

economictimes.indiatimes.com:

Pashupati Advani, Founder, Global Foray, says: “I have not liked IT generally because I think that the whole sector is in disarray because the business models are changing. AI is coming and the main profit is going to go to the big American companies rather than spread to the rest of the world. I am excited about infrastructure. So, look at the construction companies, all the cement, steel companies because roads are being built, buildings are getting finished and tunnels are being made.”

The entire basket of broking, AMCs, financial market ancillaries, the exchanges, CDSL, etc, they all have been doing quite well and, of course, there is a fundamental tailwind to it. But the question becomes, when does it price it in? What do you see of the valuations there and what is the top recommendation from this pack?
Pashupati Advani: The pack is doing well because as more and more people get involved in the markets and we are seeing that, there is obviously going to be returns to all the big players and certainly it is big players. The other thing is that there seems to be some consolidation in the space and some of the smaller players are closing shop and moving into the fold of the bigger players which is also helping the earnings.

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