We continue to stick to our investment philosophy to invest in superior and reasonably-valued businesses and hold them till the business fundamentals confirm to our thesis, Sharad Pachisiya, CEO at SageOne Investment Advisors LLP, said in an interview with Moneycontrol’s Kshitij Anand.
Q) Latest microdata suggests some green shoots. What are your views?
A) After a dismal micro-data in the last 2 quarters owing to the COVID-19 impact, the Q2 FY21 micro-data (high-frequency indicators like auto sales, freight traffic, GST collections, & capacity utilisation) has given some positive indication that the economy activity is trying to come back in pockets.
However, the credit environment and offtake is yet to see some encouraging signs which is the backbone of the economy.
Unless the credit offtake improves, it