Diwali Blockbuster: Manish Chokhani, Director of Enam Holdings, is with us today to talk about the mega trends of the market on the occasion of Diwali. Manish ji is known as a leading financial expert and investor of the country. When will the earnings growth of companies improve, what will be the biggest theme of earnings in the new era, or which assets between hard and financial will do well? Answering all these questions, Manish Chokhani said that the market is in no mood to go down. The market is gradually moving towards strength. Earnings momentum is also improving. Good news is expected for the market in future.
The situation will be better after November-December
Manish Chokhani further said in this conversation that the situation will be better after November-December. Despite the bad news, the market has not fallen much. We are focusing on technology and brand building. Lakshmi is attained only through information and knowledge. It takes 5-10 years to develop technology. India will see rapid growth in the next 10-20 years. Many new companies can become global. There will be special focus on healthcare in India.
Gold and silver are not performing assets
He further said that gold and silver are not performing assets. Global Central Banks are buying gold and silver. Gold and silver increase the safety of the portfolio. The rise in gold is like fear trade. Whereas equity is always like a hope trade.
Capital market and banking can do well, ICICI BANK can overtake TCS
Manish ji is of the opinion that capital market and banking can do well in future. 30-35 year old entrepreneurs do something new. There are many examples of this from TCS to ICICI BANK. Wealth management business will be very big in India. At the same time, tech companies will have to change their model. After the tax cut, the government will focus on privatization. If business does well then investors will also come. ICICI BANK can overtake TCS. AXIS BANK can also overtake INFYSOS. A big boost to banking, financial and insurance is possible through AI.
Market has the potential to grow 16 times in 20 years
He further said that gold, silver and heavy metals will increase. There is a lot of value in Indian assets. The government’s focus is on consolidation in the banking sector. Government companies have performed well. The market has the potential to grow 16 times in 20 years.
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