We continue to be extremely bullish on the opening up trade. Whether it is hospitality, retail, consumer banks or real estate, there are a slew of sectors that can be played, says Hiren Ved , Co-Founder, CEO, Director, and CIO of Alchemy Capital Management . You have been tracking very closely the ethanol opportunity. What kind of opportunity do you see for sugar companies, for players like Praj? Or is the best behind us given how steep the move has been in some of these stocks? It is just beginning, it is not behind us. We are still seeing the early stages of adoption of ethanol in this country. We have accelerated the pace, very clearly the government is clear that they want to accelerate this space. The prime minister also mentioned about the focus that he wants to give hydrogen as a clean fuel. In India, sugar companies are likely to turn into energy companies. Sugar is more likely to become a by-product and ethanol is likely to become a big product. But there are several layers of opportunity. What we are currently seeing is just a momentum in 1G ethanol which is the traditional sugar based ethanol. Where… Read full this story
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Hiren Ved is betting on Bajaj Finance and ICICI Bank. Here’s why have 287 words, post on bfsi.economictimes.indiatimes.com at August 20, 2021. This is cached page on The World Articles. If you want remove this page, please contact us.