Raamdeo Agrawal: 'Buy Right, Sit Tight' is way to invest in the market; not investing is the biggest risk

“We have seen the worst of economic and health disaster and yet we have done 15 percent. So 2021, hopefully, will not repeat the 2020 and we should have at least as good a year as 2020 on the whole.”

On the auto front, Agrawal said that entry-level bikes, tractors, crop protection etc., are doing well due to rural prosperity. He said that he would invest in large lenders that survived the COVID stress over small banks.

“I can buy a second rate steel or cement company but not a second rate lender. So one has to be very careful particularly as an investment. As a momentum trade rising tides will lift all the boats, so small banks, public sector undertaking (PSU) banks and even not so well private sector banks, everything will go up in this environment but if you want a peaceful evening then it important to buy quality names,” said Agrawal.

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