Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now

Tata Elxsi, Vaibhav Global are top businesses to bet on for long term: Pritam Deuskar of Wealthyvia.com

There can be temporary worries of inflation, crude oil, or the dollar rising, and also we haven’t had a correction of more than 5% from the 7500 one-way rally, says Deuskar.

June 22, 2021 / 03:22 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Wealth is created by holding great growth companies for a long duration. The most common mistake is not buying or selling early. From a long-term perspective, I think Tata Elxsi and Vaibhav Global are great businesses to own, Pritam Deuskar, Founder of Wealthyvia.com, said in an interview with Moneycontrol’s Kshitij Anand.


Edited excerpts:
Q) The US Fed hawkish stance surprised the market. What is your outlook on markets?

A) Markets usually become anxious and stagnant around such announcements. Unlike no rate hike possibility, Fed first time talked about 2 hikes in 2023.

In my view, such speculation around the Fed is unnecessary and good for some buzz. I will give you two instances where the Fed continuously increased rates and markets had dream bull runs.