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

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.

@KalpenParekh India enjoyed long term returns due to historical low valuation + high earning growth We can not expect 15% CAGR with current 20PE + 8% earning growth High SIP +high retail participation is wrong answer to right question

Markets are not cheap, they are less expensive The pitfall of starting career In a decade when market valuations were closer to 14-16x more often

@sandipsabharwal @FinMinIndia Earning growth is not choice but necessity in equity investing Sound homework separate facts from hope

@sandipsabharwal @FinMinIndia Capital chase best risk return Good thing its outflow is not permanent Today china Korea are cheap relative to india Naturally global capital flowing there We bring earnings back and nifty trade below 18PE Majority will come back

USD 13 Billion of FPI Outflows from India in March 2026, ₹ 122000 Crores Let that sink it Last full year was an outflow of ₹160000 Crores In fact outflows just in March in rupees are more than the outflows in any full year except 2025. Congratulations @FinMinIndia @nsitharamanoffc

@InvestorOfJAMMU Best time to invest is during market fall Everyone knows that Buy what to buy that time is also important Buying what is growing or not will make the difference after 2-3 years

This is historically proved that Buffett never deploy his Large Cash holding till the time Overall market do no fell by 50% atleast. In covid also, he was not able to deploy fully as he was worried for excessive insurance which might have burdened Berskhire balance sheet. Today again he said that Berkshire will deploy only if market goes down significantly and not now.

@anuragsingh_as Paying any price for stocks isn’t patriotism. Markets don’t reward emotion — they reward earnings. FPIs aren’t wrong choosing China or Korea. Capital flows where valuation is low and growth is high. If we offer the opposite, money will simply move.

@darshitpatel84 Only earning growth can change the perception Without it, even a blue chip is a value trap Asian paint, castrol india are examples

India’s Top 10 company by Market Cap. I will not surprise, 4 stocks from the below list will become 2-3 times in next 5 years With no major earning upgrade but change of perception of that stocks and sectors. ( 25-30% Annualised Return) Reliance Industries HDFC Bank Bharti Airtel SBI ICICI Bank TCS Infosys Bajaj Finance Hind. Unilever Larsen & Toubro