Anil Rana,CFA

Most people look for great companies. Few look for great setups. The real money is made when 3 things come together: 1. Cheap valuation 2. Visible future growth trigger 3. Contrarian positioning Example: Real estate (2018–2020) Dead sector RERA + consolidation demand shift to organized players Earnings came back. Stocks followed

@InvestorOfJAMMU Value is not what looks expensive. Value is not what’s popular. Value is what’s ignored at the bottom of the cycle.

Puntergiri started or real value buying?? Defence stocks are still at 50x of earnings🚨

@sandipsabharwal Starting SIP at peak is a mistake. Stopping SIP in a fall is a sin. One hurts returns the other kills compounding.

Retail investors who continued their MF SIPs during Euphoric times Please don't get distracted by some flip flop Social Media handles You get lower averages only if you don't panic during market falls That's the very concept

@Atulsingh_asan People who wait for bottom usually miss the rally. People who find growth with cheap price create wealth.

Market makes bottom when a last panauti investor sells and exit completely after getting tired by long frustrating consolidation periods. Looks like all panautis exited

Bottom is near When buyers are nowhere Money is here Where earnings are there

@AdityaD_Shah PSU banks still have dry powder. State Bank of India is ready to lend. HDFC Bank still needs deposits. Cycle favors SBI — HDFC may lag. Liquidity decides leadership.

Banks start to report quarterly update:- Loan growth should be at 10-15% Deposit growth should be at 10% Microlenders' recovery should continue, Gold loan growth should be strong, Fraud at some banks will be keenly watched As stock markets continue to give negative returns, Deposit growth should pick up to some extent,

Till then: SBI = cycle winner 👑 HDFC Bank = efficiency waiting for the right setup Markets reward timing + positioning, not history.

HDFC Bank comeback trigger: 👉 Deposit growth > loan growth 👉 New branches mature 👉 LDR falls toward ~85% When liquidity returns → growth returns. Or second trigger: If equity markets cool down 📉 → Urban money returns to savings → CASA improves → Cost of funds drops

How SBI beat HDFC Bank in last 5 years

India delivered 15% CAGR when valuations were low & growth was high Today: 20 PE + 8% earnings growth Math has changed. Expectations haven’t. SIP flows don’t create returns. Earnings do.