With the increasing risk of geo-political tension in the middle of the ongoing Russian Ukrainian war, Raamdeo Agrawal, one of the founders and directors of the Oswal motorcycle service, shared his views on the market prospects in conversations with CNBC-TV-18.
He said that the risk was always invisible, which we did not realize.
“One risk might end but there might be something else that can be brewed somewhere so that we must always be ready for any risk”, he said.
With the increasing risk of geo-political tension in the middle of the ongoing Russian Ukrainian war, Raamdeo Agrawal, one of the founders and directors of the Oswal motorcycle service, shared his views on the market prospects in conversations with CNBC-TV-18.
He said that the risk was always invisible, which we did not realize.
“One risk might end but there might be something else that can be brewed somewhere so that we must always be ready for any risk”, he said.
“What happens in front of the stock market – which is more than a billion dollars in daily sales by Fiis. It is a real world for us. We have to face it every day. I think we have faced it with brilliant. So they have a beautiful exit From India but they will have very painful entries if they want to enter at all, “he said.
Agrawal further added that it is important to now be prepared for peace time after the war, because many sectors suffer and will continue to face difficulties because the effects of lingering from war and sanctions.
The current scenario is at risk for markets and retail investors because many investors first joined the market in recent years.
“Yes it is a risk for the most part because you can encourage retail investors to some extent, but once they break down, everyone will break up,” he said.
“Returns of fixed income will not increase in close terms so there is no alternative asset class to shift from equity,” Agrawal said.
“Retail investors may retreat and watch from the sidelines until the market stabilizes and so prices begin to move up, they will return by doubling the spirit.”
Agrawal said that the bottoms up approach was the right strategy in the current market condition.
He also said that manufacturing would be the greatest affected because all commodities that had witnessed run-up at their prices would affect the manufacturing / corporate sector economy.
When asked whether commodity prices will remain higher longer, which he said, “it is very difficult to know the damage carried out but there is a high chance that a weaker industry during the current crisis has become weaker and weaker the company in this case the industry Weak will be the worst. The stronger industry will appear stronger than this crisis again and among strong industries that will emerge even the strongest.
Agrawal also said that the service industry would do better than manufacturing because all raw materials entered into manufacturing. Wise assessment of the company in manufacturing will understand who is about and how much. He further said that the service industry liked it, banking, insurance, broking widely not affected by the current crisis.