Fiis’s recent selling has surprised everyone. Everyone wants to know why they are selling so much. The answer to this question is with Edelweiss President Ajay Sharma. In a very interesting interview from CNBC-Awaaz, he said that FIIs are not getting the same returns due to the weakness of the rupee and the capital gains tax. Ajay Sharma also believes that the time to come for IT companies will be of big change. Especially there can be a very challenging environment for Indian companies. He has said in an exclusive conversation with the voice that AI will bring revolutionary changes and it can create a lot of difficulty for our IT companies.
Ajay Sharma, President of Edelweiss It is believed that the government has given a steamulus of one lakh crore as income tax relief in this budget. Now it’s RBI’s turn. He believes that if the RBI gives a gift of cheap debt, the sentiments will improve and the private capx will increase. He said that this is the time of action, later there is hope of increasing the private capex.
Ajay Sharma also described the good to great, great to good formula of investment in this conversation. Giving the example of Asian paint, he explained why investors should always keep an eye on the dynamics of the market. He believes that the path ahead of Asian paint can be difficult.
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Asian paint has received a major challenge as the Birla Group for the first time. The Birla Group has changed the entire dynamics by investing 50 per cent of the entire industry simultaneously. Asian paints may have to compromise on margin to maintain their dominance in the market. 2 years ago, Birla Group announced to put 10000 crores in the paint business. Birla’s entry has increased by 50 per cent, while demand has increased by 10-12 per cent. In such a situation, companies like Asian Paint will have to compromise on margin to maintain their market shares.
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