Play the India story for next decade, don’t try to get all returns in next 3 months: Abhishek Basumallick

economictimes.indiatimes.com:

Abhishek Basumallick, Founder & Chief Equity Advisor, Intelsense Capital, says: “In pure valuation terms, all the stocks or all businesses where you have earnings visibility have run up a lot. Valuations are not cheap by any means but even within that, we need to focus on quality businesses. This dialogue of whether we will have a largecap rally or a midcap rally or whatever cap rally – we need to take that out of our minds. Focus on good businesses irrespective of whether they are large cap, midcap, small cap.”
Ching's Secret is an amazing brand. We all have tasted it sometimes. If it actually goes Tata Consumer's way, do you think it will really be an important addition because this category clearly is showing a lot of promise here in India?
Whether the Ching's Secret deal materialises or not, if you look at what is happening with the Tata group after Chandra has taken over, is there a very specific focus on some of these large businesses that they have and consumer is one of them? There is a continuous process of coming out with new products, expanding the market, distribution etc. So Ching's Secret would actually be a good addition, I mean the products are excellent.

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I am one who loves the sauces at least, so definitely it is going to be a boost but even if it does not I think it is a good business. I mean Tata Consumer is a good business and with the kind of focus the management has in terms of bringing out new products, it should do well in the future right.

That