Old Bridge Capital's Kenneth Andrade on where to invest in Samvat 2079

Old Bridge Capital Management on Friday said one will not get the stocks at cheap prices in India, adding that the investors need to wait for some time and the good news is not far away.

In an exclusive interview with CNBC-TV18's Prashant Nair, Kenneth Andrade, founder and CEO, said the biggest cost head for quick service restaurant (QSR) companies is royalty, "These companies generate free cash flow and expansions are funded via internal accruals."

According to him, QSR is in its infancy in India, but it’s huge globally.

Talking on agri commodity, he said, "Valuations are fair. It's an industry that is consolidated. There is no second or third manufacturer of any of these products out there and even the converters are getting more consolidated than they have ever been before."