Discussing FII activity, Chokhani downplayed the significance of recent short-term buying trends, framing them as part of regular portfolio management. He pointed out that institutional investors often rebalance holdings, particularly as the year ends and bonuses are calculated.
However, he remains optimistic about India’s broader prospects, highlighting its small but growing share of global market capitalisation.
“India represents just 3-4% of the world market cap compared to the US’s 65%,” he observed, noting the ample headroom for growth. He sees inclusion in global indices as a pivotal moment that will attract significant international capital, further solidifying India’s position in the global financial landscape.
In discussing the quick commerce space, Chokhani avoided commenting directly on the valuation gap between Zomato and Swiggy but acknowledged the sector’s inherent challenges. He compared it to the airline industry, where intense competition often limits profitability.
Despite this, he recognised the sector’s role in addressing a critical social need by providing convenience and creating jobs.
“This is a space fulfilling a clear social demand,” he remarked, expressing hope for innovation and sustainable growth in the industry.
(Edited by : Ajay Vaishnav)
