Synopsis "We have not done too much work on this space on 5G and what could be good opportunities. Overall, in the automation space, we are very bullish. We have Honeywell Automation in our portfolio that we like and then Siemens is another one which has again been taking a lot of news flow on the locomotive and other things. " ETMarkets. com Related Hemang Jani on how to approach Adani Port & Ambuja Cement now ETMarkets Smart Talk: Adani news dented FII sentiment in short-term but India story is much bigger: Vivek Sharma Seeing sectoral rotation in auto, IT & capital goods stocks; ignoring Adani stocks: Gautam Shah “After the deal with Adanis, Ambuja Cement straightaway went to Rs 580. At that time we were puzzled why the stock was running so high and that valuation was not giving us any comfort. Many people were saying that capacity will double and all of this, but this is a cyclical industry and this is a commodity company ultimately. So it is better to buy these things only at comfortable valuations,” says i ndependent market expert Daljeet Singh Kohli . Have you ventured into any of the Adani Group of stocks in this decline? No. Since the beginning they have been always over leveraged companies with very little cash flows, most of the companies in the business were with very little cash flows except Adani Ports where there was a steady state of cash flows but that was highly linked to the economic performance. So we were not comfortable with the high leverage and that is why we never bought any of the stocks. It is an independent company with a beautiful track record. It is not an original Adani Group company. Would you be looking at buying into Ambuja Cement because the stock has fallen from about Rs 560 to about 340-350? Yes. In fact we have added it at Rs 325 and Rs 340-350. So that is again from Rs 325-340 levels. Before this Adani deal happened, this stock used to be trading at this level only. And then we saw there were a lot of issues with logistic cost, coal cost which kept going up and prices were not coming up for cement companies so most of the cement stocks were down. We are very bullish on the cement sector as such. Our preferred picks have always been Shree Cement and Dalmia Bharat and Ambuja is added because of the valuation comfort which came at Rs 320-350. After this deal with Adanis, it straightaway went to Rs 580. At that time we were puzzled why the stock was running so high and that valuation was not giving us any comfort. Many people were saying that capacity will double and all of this, but this is a cyclical industry and this is a commodity company ultimately. So it is better to buy these things only at comfortable valuations. In this mayhem, the valuation has come to a comfortable level and we have taken that opportunity. It is now a part of our portfolio . What is the best way to let us say participate in this entire 5G mega capex which is now underway? We have not done too much work on this space on 5G and what could be good opportunities. Overall, in the automation space, we are very bullish. We have Honeywell Automation in our portfolio that we like and then Siemens is another one which has again been taking a lot of news flow on the locomotive and other things. Otherwise their automation business is also very strong and is coming up well. We are playing through these two companies, exactly with the telecom we are not doing any major thing. MORE STORIES FOR YOU ✕ Hemang Jani on how to approach Adani Port & Ambuja Cement now ETMarkets Smart Talk: Adani news dented FII sentiment in short-term but India story is much bigger: Vivek Sharma Seeing sectoral rotation in auto, IT & capital goods stocks; ignoring Adani stocks: Gautam Shah « Back to recommendation stories I don't want to see these stories because They are not relevant to me They disrupt the reading flow Others SUBMIT In the insurance space, LIC has been under pressure vis-a-vis the entire Adani saga but other than that, if you had to pick any name from private or even general insurers, what would be your top bet? Insurance is a very long term play, where one can look at some stocks as beneficial based on some news item but one has to keep in mind that this is a very long term play and if you want to really stay with it for a very long term, meaning three-five years, then only you should look into this space. The stocks will keep moving up and then come down within the next two days, five days only. This is what we have seen with a lot of insurance companies including HDFC Life , SBI Life and all that. Right now our preferred pick is SBI Life because they have been consistently gaining market share. They have been maintaining the new business very well and margins meaning that the new business is coming not at the cost of margins for the company, which is a good thing for the company and because of this changes in the Budget regarding some high network policies etc there was a lot of mayhem in the stocks. SBI Life actually gave a very good opportunity also. It is even now valuation wise quite attractive. So we like SBI Life. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. click here! Thursday, 16 Feb, 2023 Experience Your Economic Times Newspaper, The Digital Way! Read Complete Print Edition » Front Page Pure Politics ET Markets Smart Investing More RBI Okays Licences for 32 Payment Aggregators Payment arms of US technology majors Amazon and Google, along with Reliance Payment Solutions that is part of Reliance Jio Infocomm, were among the 32 firms given in-principle approval from the Reserve Bank of India (RBI) on Wednesday to operate as online payment aggregators. ET GBS to See Exchange of Powerful Ideas The next two days will see the return of the country’s foremost ideas forum, bringing together thought leaders and innovators from the world of politics, business, economy and entrepreneurship. Read More News on adani ambuja cement share price sbi life adani group stocks daljeet singh kohli Portfolio honeywell automation expert view et now honeywell automation (What's moving Sensex and Nifty Track latest market news , stock tips and expert advice on ETMarkets . Also, ETMarkets. com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds . ) Download The Economic Times News App to get Daily Market Updates & Live Business News. . . . more less Pick the best stocks for yourself Powered by Weekly Top Picks: Eight stocks with consistent score improvement and upside potential of up to 40% 9 mins read 4 stocks with 5 % to 8. 87% dividend yields and continuous dividend payments for 7 years 7 mins read Weekly Top Picks: Seven large & mid caps with consistent score improvement and upside potential of up to 42% 9 mins read What do Q2 LIC results indicate for other Insurance companies? 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