The biggest Call l is to save money and stick to old warhors like banks: Dinsha Irani

Penalty IranianCEO, Helios Mutual FundIt is said that it is careful in the market, with the expectations of correction in the US tariff war resolution, the December quarter is potentially accelerated. Despite the full investment, its focus is to save capital and stick to established investments. Surplus has been created in the system, especially in the recent FII flow in the banking sector, which indicates a potential rally in the market. Irani says the banking sector will probably move in markets for a very long time.

What is your view on power space is that it is a big, multi-year theme on which everyone is putting betting on?
Dinsho Irani: We are booming on power, but there are hardly any plays to move on there. There are a few we have played with. You can see it in our portfolio; In the main utility plays, only one or two is attractive. In fact, it is not a mover because in the index that does not overheat. So that space is being outperformed. But again, only a handful of stocks are looking amazing there in terms of valuation. Others appear to be absolutely stretched.

We are absolutely booming in that segment. Look at the heatwave that runs across the country, which is an area and the top of the lick rate on exchanges, it is clear indicator that at the top level, we have no ability to meet that demand. It’s a matter of time before things work.

What is the next big stock or field to buy now?
Penalty Iranian: I don’t think there is a big field today. The biggest call here today is to save money and that is what we are looking at. Today we are very careful in the market. Although we have invested in full, we know that things are not working too well. By the way, a major warning is that if the U.S. If the tariff retreats on the war, the things will probably start to see things again in the December quarter. Previously, we felt that in the September quarter, we would look at some stimuli, but now it looks like a December quarter thing. Therefore, some quarters are trying a lot, very testing. We are not taking any new bets here. We are clinging to our old Warhors that we have been making a brief for a while.

Today, we are breathing and everyone is breathing a relief and the market proceedings are more than a breath of fresh air because the benefits have been very impressive. But what happens after this so-called 90-day window? It’s a lifeline and ticking time. What should be the best strategy to reach this 90-day window?
Dinsho Irani: One thing that I was in the US Removing the president’s actions was that he was very worried about the markets. Whenever he breaks the market, he is backtracking his calls and his aggression. He stayed his ground stood for a very long tariff. Until then, he realized that the bond markets were now entering the default lt region, the auction is being deformed, and that is what turned it into a bit.

We saw what happened in the case of Jerom Powell. The moment Trump began to target Powell, the market collapsed and had to be backtrack. He said no, no, he has no intention of being outside. It will be until their tenure which is until May 26.

Therefore, Trump is very sensitive to the market and is a positive thing that I remove from the whole action and our belief is that when they have come out and say that we too are talking to China and China is denying it, the US. Showing frustration from. By the way, they are saying that we are talking to China and China is saying that we are not talking to them. Therefore, it is clear that they want the world to come into some symbols.

The world probably has to live with 10% tariff which is again high, compared to 3.3% before Trump’s Tirde starts. But he is a win-win for the world and maybe he can live with the same world. That’s why I said that maybe from the December quarter, when things start to stabilize a little more, we can call on the markets and say that things are one more eager now, let’s look at the markets and let us start taking our stake more aggressively.

Let’s understand what to do and what not to do. What has happened in the last few days is a move in banks. Everyone was in a position to walk in the banks and it has gone. Is banks now worth the completion? Can they now move from an outperformer to a market performance or even underperformer?
Penalty Iranian: Look at it this way. FII money that has come back, is more active money and Billion in the last two weeks. Billion is not a low amount of billion dollars. It is a huge amount and our feeling is that they returned to the stocks they sell and they have no doubts in the banking space and they bought again.

Even today, despite the huge purchase from FIIs, I do not think the banking space is visible on valuation. They went down very admirably. Even on two plus book value for frontline banks today, it is very stretched in view of the fact. There was only the only concern in the banking sector, which was being blocked from the liquidity system.

The order of the new RBI governor is quite clear, regain the demand in the system, influence the liquidity. In fact, in the last few weeks after the March 15 shortage, which has led to the latest tax and because of it all, there have been 1 lakh rupees and crores of surplus in the system. It is helping the banking system. Going forward, if the demand comes back, these are the stocks you want to play. Our belief is that the rally you see can be just the beginning and this is the area that will move markets for a long time.