- #Nifty, #Sensex trade higher; #NiftyMidcap 100 hits lifetime high
- Government launches PM E-Drive scheme with and outlay of Rs 10,900 crore.
Get all your stock-related queries answered by our technical and fundamental guests with Alex Mathew on 'Ask Profit'. #NDTVProfitLive
- Government launches PM E-Drive scheme with and outlay of Rs 10,900 crore.
Get all your stock-related queries answered by our technical and fundamental guests with Alex Mathew on 'Ask Profit'. #NDTVProfitLive
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TVTranscript
00:00Good morning and thanks so much for joining in.
00:24You're watching Ask Profit on NDTV Profit and my name is Alex Mathew.
00:27This show gets you answers to all of your stock related questions and to that end,
00:31if you've got them for us, you can send them on that number that you see flashing
00:34on your screen right now.
00:35Let's take a look at where the markets are right now.
00:38And it was a positive handover once again for the Indian equity markets and the overseas
00:44markets looking sanguine, of course, focuses on macroeconomics in the US.
00:51There was something a little bit off with that chart, but the Nifty 50 currently trading
00:55with gains of about half percent or thereabouts, if I'm not mistaken.
00:59Let's pull up where it stands right now.
01:01In fact, it's gaining only about two-tenths of a percent right now.
01:05It has given up early gains.
01:07You have the broader markets, in fact, that are looking better at this juncture.
01:12And let's pull out the mid-cap index, the mid-cap index gaining about half a percent
01:17or thereabouts, the small-cap index gaining about 0.3 percent or thereabouts.
01:22Overall, the market breadth in favour of the advances right now.
01:25I'm looking at nearly two gainers for every decline.
01:28That gap has narrowed somewhat over the course of the last half an hour to 45 minutes or
01:34so.
01:35All sector indices are in the green right now, but it's led by the automotive index
01:39and we'll talk about that in just a bit.
01:42Of course, the big talking point is the EV scheme that was launched yesterday.
01:49Among the key performers on the Nifty 50, you have HDFC Bank that is leading the gains
01:55in terms of the contributors, but not big moves.
01:58You have Bharti Airtel as well as Kotak Mahindra Bank and Bajaj Auto once again leading the
02:03gainers.
02:04Bajaj Auto has gained quite a bit over the course of today's session and yesterday's
02:08session.
02:09But let's talk about the automotive space and let's focus in on the companies that
02:14stand to gain and lose on account of the latest EV policy.
02:18We've got Puneet joining in to tell you about the key highlights and the winners and losers.
02:23Puneet, it's not winners across the board, right?
02:27Yeah, definitely.
02:28You know, so Cabinet approved the new FAME 3 or new name is PM eDrive scheme, roughly
02:34outlay of about 10,900 odd crores.
02:36But there are within these segments, and we'd highlighted that yesterday as well, that there
02:39would be some segmental winners and losers.
02:42And you know, let's start with the losers first because it's the passenger vehicle segment
02:45in the electric vehicle, powertrain segment specifically, that's going to be the losers.
02:49So Tata Motors, Mahindra and Mahindra, as well as Maruti Suzuki, you know, there's in
02:53the previous FAME 2 scheme, there were around 55,000 electric vehicles that would be eligible
02:59for the subsidies.
03:00But now in the new scheme, there's no such provision.
03:03So you won't be incentivized or given any discounts for your new purchase of an electric
03:07car.
03:08Specifically, the biggest gainers are, you know, the electric vehicle bus segment specifically,
03:13because, you know, there's a large part of the bus price, which is, you know, given as
03:17subsidies in this particular scheme.
03:20And the same thing is continued for electric two wheelers as well, while we are still awaiting
03:24the per unit cost.
03:25So currently, you know, there is about 10,000 rupees incentive for per kilowatt and for
03:31electric scooter specifically.
03:32So if you have a two kilowatt electric vehicle scooter, you get 20,000 rupees as discounts.
03:36So that detail hasn't come out in this particular, you know, notification yet.
03:40But, you know, there's something at least for the electric two wheelers as well as the
03:43EV bus segment.
03:44Now, we did speak to JBM Auto in the morning as well as, you know, Switch Mobility, which
03:48is the Ashok Lelian brand for EVs.
03:50And they both have highlighted that a continuation of policy from FAME 2 has been one of the
03:55key winners.
03:56But there is some couple of points I wanted to highlight on that, that they will be eligible
04:00for giving incentives on the new buses only when the old ones are scrapped.
04:04And the same scheme is also applicable for electric trucks.
04:07For electric trucks specifically, Tata Motors as well as Ashok Lelian will be the key winner.
04:10So overall, passenger vehicles or the car makers are the biggest losers in this particular
04:15scheme while EV buses as well as electric two wheeler makers are the biggest gainers.
04:19Back to you.
04:20All right.
04:21Thanks so much, Puneet, for getting us those details.
04:22Let's get our experts on board.
04:24We've got Ashish Maheshwari, director of Arihant Capital as well as Kushbora, founder of Kushbora.com.
04:29Thank you so much, gentlemen, for taking the time.
04:31Always a pleasure having you on the program.
04:33Let's start talking about what you make of the latest development.
04:37Some details still awaited.
04:38Ashish, as Puneet was pointing out, but you've seen some of the moves in trade today, and
04:44that seems to be indicative of the winners and losers.
04:47Would you buy any of these stocks based on this development?
04:51Yes, I think this is something like a positive development for this industry per se, like
04:59your analyst was rightly pointed out, except the passenger vehicle.
05:04I think government impetus is more towards the users of buses, wherever EV is more used
05:09as a mode of transportation for buses, that is two wheeler, three wheeler buses, not the
05:15passenger cars.
05:16Anyway, those who are buying passenger cars don't bother too much about some small subsidies,
05:21what they gain if they buy an EV vehicle.
05:24So in my view, companies like Bajaj Auto, Ola Electric, Execom, which make EV charges,
05:32JVM Auto, they will be one of the bigger periphery.
05:36And like you rightly pointed out, Mahindra, Maruti, etc. will be slightly on the losing
05:42side.
05:43But still, in my view, in broader scheme of arrangement of broader sales by the composition
05:49of EVs, whether it's Maruti or Mahindra or Ashok Lelen, is very, very low still.
05:55So not directly affected much, and it's just an agent reaction, but overall sector looks
06:01promising in my view.
06:31Kush, it's not done too much.
06:32In fact, it's in the context of where we are at with so many stocks as multibaggers, it's
06:38been a distinct underperformer so far this year.
06:41What would you do with the stock?
06:42Hey, hi, Alex.
06:45I think Rahul ought to have a very strict stop-loss close to the 70 mark.
06:52What's happening is that this stock has, as you rightly said, not been able to perform,
06:56but every rise has actually been taken as an opportunity to sell around the 50-day moving
07:01average, which comes in at about 75-75-15, which is also below his buying price of 76.
07:07So I think this stock will continue to remain under pressure.
07:11It's a good idea to perhaps exit, just at the moment, it was one of the short candidates
07:16for us when we were scouting for hedging position.
07:20And also, if he doesn't want to give himself a chance, then and only then, 70 becomes a
07:24strict stop-loss.
07:25Otherwise, the stock might continue to consolidate with a negative bias for the coming week.
07:29Okay.
07:30Naveen from Bengaluru has got the next question.
07:32Kush, I'm coming back to you on Cochin Shipyard, and he has bought at a price of 553.
07:40His profit is a reasonable amount, in fact, quite a reasonable amount.
07:45He's not bought a large quantity, because he says that he's gaining about 15,139.
07:51So he's bought a small quantity, but he's made substantial gains.
07:56Would you sell?
07:57Would you book some profits?
07:58Or would you continue to hold?
08:00So first, I want to congratulate him for holding on to this one all the way up until 3000.
08:08I know he's feeling a lot of pain since the stock is significantly low from those high
08:13levels.
08:14My suggestion, you might want to consider booking, let's say about 25% of the quantity.
08:20And the reason I say that is because even though the stock is in a near-term downtrend,
08:24the volumes on the downside now seem to be drying up, which suggests that the stock,
08:29even though it could consolidate with a negative bias, there may not be a very big downside
08:33from here on, especially considering the fact that we've already seen a big cut on this
08:37one.
08:38And a good stop-loss or a good support zone comes in close to 1625, 1650 zones.
08:43So you could hold the rest of the 75% quantity with that as your trailing stop-loss.
08:48Even if you exit at that price, you're making nearly about three times the gains on this
08:53one.
08:54So book partially, so you get these prices as well, and hold the rest with a trailing
08:58stop-loss of 1625.
08:59All right.
09:00Ashish, I'm coming to you on BEL, and this is a question coming from Ashok.
09:06He's writing from Bengaluru.
09:08He's holding 150 shares, which he's bought at levels of 296, and he's wondering whether
09:12to keep holding on the fundamentals.
09:15Would you hold on?
09:16Because, again, this is a counter that a lot of people have bought and held for some time.
09:21And he's at elevated levels.
09:23If you can look at the business, people have talked about the valuations being a little
09:28bit of a stretch.
09:30Would you hold on at this price?
09:31If we see, compared to the performance of HAL and other PSU stocks, still, BEL has done
09:39reasonably well.
09:40From a high of, I think, 340 stock, it's just at 290-odd rupees only.
09:45So just a 10% fall from the highs.
09:49In my view, as the euphoria, which was around the PSUs or defense, et cetera, is slightly
09:55softened now.
09:57So this is the reason the stock are languishing in slightly narrow trajectory.
10:02But BEL is, again, a company that you can't go wrong, even valuations, et cetera, whatever
10:08we talk.
10:09They will continuously have inflow of new orders in this year also.
10:13So this company will do well.
10:15In my view, you can remain invested there at 290 rupees.
10:19And in fact, if it comes down even to 280, it's a buy candidate.
10:23All right.
10:24So it's not too far away from an accumulate category.
10:27We've got the next question from Karna.
10:29Karna is asking about Adani Green Energy.
10:34What is the reason for the consolidation?
10:35Is there anything in the way that the charts are developing, Akush, that would give you
10:42an idea as to why there seems to be a little bit of consolidation in this stock?
10:48So this stock has had a fair share of volatility, if you see, around early June.
10:54But from there on, as Karna has rightly pointed out, there has been a long period of consolidation.
11:00The volumes haven't really picked up, except for those days when the volatility has really
11:04been all that great.
11:05Now, as far as the broad range goes, it's 1700 on the downside and about 1900 to 1925
11:12on the upside.
11:14There isn't much that is suggesting that in the near term, it is going to break out of
11:18either of the zones, but whichever direction it breaks will perhaps be the deciding trend
11:25for the medium term.
11:26Now, one of the reasons for consolidation is that the volumes, as I said, have been
11:30missing for the most part, except for the days when the stock has seen any kind of spike
11:34or volatility.
11:35So pretty much directionless.
11:36If you've got a position in 1700 support zone or the lower end of the range, should act
11:42as your stop loss.
11:43But if you don't, then I would suggest, you know, perhaps this is still on the wait and
11:46watch list.
11:47You know, no fresh entries recommended.
11:50All right.
11:51Let's move on to Raymond Limited.
11:52That's the next counter.
11:53Oh, before we do that, actually, the standard disclaimer, this is NDTV Profit.
11:58You're watching and it is part of the NDTV Group, which is owned by the Adani Group.
12:03Raymond Limited is the next counter that we're talking about.
12:05It's currently trading at 1855, down about 3% in trade.
12:09And we've got, we've got Yagnesh, who's bought for the long term at slightly elevated levels.
12:15If you look at the current market prices, bought at levels of 1945.
12:19And he's wondering whether to add more, to accumulate more in the current dips after
12:24the split or after the demerger, Ashish, what's the view on Raymond Limited?
12:29Yeah, in my view, the major event, which was the demerger, is now already over.
12:36So, whatever the euphoria, which was moving the stock is now going to be over also.
12:44But at the same time, the company is doing well.
12:46And if you see the peer set, the peer set players in the same sector, they are also
12:52doing reasonably well.
12:53So, in my view, you can remain invested in Raymond.
12:57My target for the next three months here, once their quarterly number comes, 1950 to
13:022000 rupees.
13:03So, remain invested.
13:05Remain invested.
13:06Fundamentally good company.
13:07All right.
13:08Fundamentally good company, Raymond Limited.
13:11By the way, we've got quite a bit of an analysis on the site as well, netvprofit.com, in case
13:16you want to read about it.
13:17Excuse me.
13:18We've got the next question on a new, on a new, on an IPO, rather.
13:24Actually we've got Gajjar from Ahmedabad, who subscribed to the Bharti Hexacom IPO.
13:30He got allocation.
13:32And he is in fact sitting on quite significant profits.
13:36He's wondering whether to hold or to sell.
13:39Since this is based on the IPO purchase, Ashish, there must have been a fundamental drive as
13:44to why he's bought.
13:46Would you suggest holding on at this juncture?
13:49I'll advise to remain invested, though you've got share allotment 570 rupees and the stock
13:56is now almost 1260.
13:58But fundamentally, this company is doing very well.
14:02We have seen very good quarterly numbers also in this company.
14:06So remain invested.
14:08These are the Bharti group stock particularly are doing well, whether it's Bharti Airtel
14:12or Indus or Bharti Hexacom.
14:15So in my view, 1500 should be your exit target by end of this year.
14:20All right.
14:21Neha has got the next question.
14:22She's asking about Globus Spirits.
14:25She's saying that she's looking for the next three months or she's planning to hold for
14:29the next three months.
14:31The stock is currently at 1219 or thereabouts.
14:35And she's sitting on profits of between, she's named a couple of stocks, but I'm only choosing
14:40to speak about Globus Spirits.
14:42She's saying she's sitting on profits of over 30 percent.
14:45Kush, on the charts, how does it look and would you hold on to this?
14:49At what point would you consider selling?
14:52So first step, congratulations to Neha on this brilliant buy and riding this stock all
14:57the way up until a 30 percent gain.
15:00The stock had phenomenal run over the last month or so.
15:03So I'm assuming it's a fairly recent purchase.
15:06So kudos on the right entry and riding this stock.
15:09My suggestion, what you're seeing in the last couple of days is perhaps only profit booking
15:13after the kind of sharp run up that the stock has seen.
15:16Not a bad idea to book partially because 30 percent in a shortish time frame is a phenomenal
15:23kind of a return.
15:24But the stock does seem to have more legs on the upside.
15:27So for me, I'll hold the rest of the quantity with a trailing stop loss of 1175.
15:32And once this profit booking and, you know, this brief round of consolidation settles,
15:36the stock would very well resume its uptrend towards 1300 and higher levels.
15:39So book partially, hold the rest with a trailing stop loss at 1175.
15:44Okay.
15:45Chanakya from Hyderabad is writing in.
15:48And Chanakya, I love your name.
15:50GPPL is the name of the counter, Gujarat Pipawa Port is the counter that he wants to know
15:55about.
15:56And he's saying that he's been asking a question for a long time and he's only just getting
16:00an answer.
16:01Well, we do try and take as many questions as possible, Chanakya, and today is your lucky
16:05day.
16:06He's bought at levels of 220 and he's holding 1500 shares.
16:11He's been holding for the last six months.
16:14Should he hold for another few months because his target is 290 specifically?
16:20What's the view on the charts, Kusum?
16:21Coming back to you on this one.
16:25I don't want to challenge Chanakya Niti, isn't it?
16:28But yes, you know, but I wouldn't be too constructive on the stock purely because, you know, there
16:36has been a long round of consolidation.
16:37The bias here, you know, is negative.
16:40It is testing some of the near-term averages, you know, below the 20-day moving average
16:43today, but dearly holding on to the 50-day moving average.
16:47My suggestion, you know, if you've got a very constructive view on this one, if you want
16:51to hold on and if you've got your reasons to buy this, hold this with a trailing stop
16:56loss at 210.
16:57There, you know, the medium-term support sort of kicks in, but there is a possibility that
17:02you might have to hold on to this one for some time because it moves, you know, or rather
17:07before it moves higher to 240 and then about 265 kind of zone because the consolidation
17:12period is ongoing.
17:14The momentum indicators are suggesting, you know, a sideways trend.
17:16So 210 is your stop loss as long as that is held, you could continue to hold and you might
17:21have to wait a little before you see any kind of, you know, a big up move on this one.
17:26Okay.
17:27We've got a question coming in from Pandey and he's asking about CDSL, which he's bought
17:31before the split.
17:33He bought it before the split at a price of 2905.
17:36Well, it's roughly trading at the same level.
17:40It's not done too much post that.
17:42It's currently at 1369.
17:45What's the view on the fundamentals, Ashish?
17:47I'm coming to you on this one.
17:49A lot has been said, of course, over the course of this year about CDSL and some of the other
17:53counters that depend on stock market participation and the growth of investor base.
17:59But would you hold on at these levels?
18:01I think the post bonus, they came out with one bonus.
18:05It's a bonus, right?
18:06Yeah.
18:07So post bonus, I think this slightly consolidating because the stock moved quite swiftly on anticipation
18:14of good result and bonus, etc.
18:16And that is now slightly absorbing the prices.
18:20But fundamentally, until the time NSDL get listed, you are having only one depository
18:25to take position, which is CDSL.
18:28So momentum will continue here.
18:30Only thing is some consolidation phases going up, going on.
18:34So this is why stock is in narrow range.
18:37But in my view, as soon as you might observe, as soon as BSE start going, CPSL, etc., they'll
18:42also follow this stock.
18:45So remain invested is my call on this with price target of maybe 1500 in next three months.
18:51All right.
18:52That's a very short time frame.
18:53Nelcaste is the next counter that we're looking at.
18:56In fact, Subramanian from Chennai is asking about this.
18:59He's looking at a short term perspective on this.
19:01He's bought 100 shares at a level of 103.
19:05Can he sell now and buy at a lower price is what he's asking.
19:09He's in the green.
19:12What are the possibilities, Kush, that he can do that?
19:14Technically speaking, quite stark.
19:18The reason being that the stock isn't in a downturn, and it's a good idea to, as he's
19:23rightly identified, to perhaps book now and look to accumulate at a lower level of perhaps
19:30130, even 125, because there is a fair bit of pressure that you're seeing on the stock.
19:37Every rise has been taken as an opportunity to book profits.
19:40The spike on the daily chart haven't really sustained, so this suggests that there is
19:45a fair bit of downward pressure on the stock.
19:48So not a bad idea to exit at the moment.
19:51The levels that you want to start accumulating this is close to 132 and then perhaps 127.
19:56So rounding off to 125, 130, those ones.
19:59But yes, this is a prudent strategy that Subramanian has considered.
20:05I'm going to take a chance and ask you about Electroforce.
20:09Do you have a view on this one, Kush?
20:11And we've got viewer Gautam from Mumbai who's bought at 105.
20:17He's got 2,400 shares.
20:20He's looking to hold for the next 12 months.
20:22He's incurring a loss right now.
20:24Were you able to pull it up?
20:27Rightly identified.
20:28I haven't been able to even pull the chart up.
20:30I'm going to have to give it a miss.
20:32Okay, fair point.
20:33Any chance you heard of this one, Ashish?
20:34Do you have a view on Electroforce?
20:36It's an SME-listed stock.
20:39Almost after the initial euphoria from 66, it went up to 150 and now everything is over.
20:49So the stock is coming back, came back to those levels.
20:53Nothing fundamentally to recommend.
20:57In my view, this is the time that you should look at more frontline stocks or quality mid-cap
21:02stocks rather than these SME stocks where offloading is already done at the heights.
21:08Yeah, that's a fair point.
21:09Be wary because we had a metric, I can't remember exactly what, but Neeraj was talking about
21:13it earlier in the week or last week, where a large number of SME IPOs over the course
21:19of this year are now trading or companies that have been listed over the last couple
21:23of years or so are now trading below their listing price.
21:27So be wary of what you're buying into.
21:30Kush, you have a point?
21:32Alex, just to add to that point, what's happening is that earlier a lot of these moves used
21:37to happen on the listing day itself.
21:40Now what we are seeing is a very interesting trend, which is a lot of these IPOs, they
21:43get listed at a premium, they trade at a premium for, let's say a week, maybe a month, and
21:49then they start to give way.
21:50So you need to look at a slightly medium to long-term picture if it may be, but at least
21:55beyond a month or so.
21:56So Electroforce, as I see the chart, listed I think at around 100 or so, moved all the
22:02way up until 150, and then it's now trading at 72.
22:05So the initial move after the listing should also not be considered as a victory, and retail
22:11traders should not be sucked in.
22:13So just a point to add to what you were saying.
22:15Yeah, that's a fair point.
22:17Gayatri's got the next question.
22:19I'm coming back to you on this one, and this is on Adani Power.
22:22She's asking a very simple question.
22:24And I think this is a basic question that all traders will have.
22:27Will it increase or decrease from this point?
22:30What are the key levels that you're looking at, Kush, on the charts?
22:34And would you suggest a one-month trade?
22:36She's already bought 16 shares at a price of 658.
22:42You boil it down to the absolute basics, and that's what the market is all about, isn't
22:45it?
22:46Upar jaayega, or neeche?
22:47Right?
22:48But yeah, I mean, only if it were that easy.
22:51What I'm looking at from a near-term perspective is a 200-day moving average support, which
22:55comes in at 610.
22:57I wouldn't really venture a buy just yet, because here, too, you're seeing some downward
23:02pressure.
23:03Again, the saving grace here is that on the downside for the last about 8 to 10-odd sessions,
23:08the price action has been lower, but the volumes have also shrunk, which means that the selling
23:16might perhaps be nearing, plus there's this strong 200-day moving average support.
23:20So 610 is the level that I'll watch for.
23:22If that gets broken, then perhaps things will get a little more negative for the counter.
23:30But otherwise, there's a possibility that it might take support here and consolidate
23:33for some time.
23:34All right.
23:35Bala from Bengaluru is asking about Happiest Minds, which he's bought at levels of 893
23:39over there, about 210 shares.
23:41What is the advice?
23:42Would you hold or would you exit at this point?
23:44And Ashish, based on the fundamentals, what's the call?
23:48Fundamentals are quite okay for Happiest Minds.
23:52And this is, again, a stock which moves in a typically 100-rupee zone in the entire one
24:01year.
24:02If you see 50-day high-low, it's just a 200-rupee gap.
24:05But again, fundamentally good stock, but you need to wait for some rally in IT stocks.
24:10Then some momentum will be here.
24:14My target for Happiest Minds will be 900 in the next six months.
24:18All right.
24:19Ashish, Kush, you're both familiar with this.
24:21I'm going to take the next two minutes as a rapid-fire round.
24:25It won't exactly be rapid-fire in the traditional sense.
24:28I will give you time to think and to give your answer, but keep it as short as you possibly
24:33can.
24:34Let's start with Candra Bank.
24:35100 shares, bought at 103.
24:38We don't have a time frame, so I'll come to you, Kush, on the technicals.
24:41Kaushik is asking, should he hold or sell?
24:44Exit.
24:45Exit.
24:46All right.
24:47That's a quick answer.
24:49It's faster than I was anticipating.
24:51Syngene is the next counter that we're talking about.
24:54It's been bought already.
24:55Praveen is asking whether it should be held.
24:58Since there's no time frame, I'm coming to you, Ashish, on the fundamentals.
25:01Would you hold on to this?
25:03Hold and buy more.
25:04Hold and buy more.
25:05All right.
25:06Vijay from Chennai is asking about Tata Power, which he's bought 1,000 shares of.
25:12He hasn't named his buy price.
25:14Can he keep or sell on the fundamentals?
25:16Ashish, would you hold or sell?
25:19Hold.
25:20Hold.
25:21Hoodco is the name of the counter we're looking at next.
25:23Bought at a price of 159.
25:26Is it a hold or sell recommendation, Vijay is asking.
25:30Kush on the charts.
25:33Continue to hold.
25:34The trailing stop-loss for you now is at 230.
25:37Sale is the counter.
25:38I'm coming back to you, Kush, on this one.
25:40Hemant Ostwal from Bengaluru is holding from levels of 110.
25:44He's in the green.
25:45Should he continue to hold?
25:49Exit and book profit.
25:50Just today, we've initiated a short call in our advisory service on sales.
25:53So my suggestion is to exit at the current level.
25:55Okay.
25:56Very quick.
25:57Last one.
25:58BPCL.
25:59Would you buy at the current level, Kush?
26:00Any view on the charts?
26:01No, I wouldn't.
26:03The only stock that looks good in the space is HPCL.
26:07IOC and BPCL both consolidating, so that's an avoid.
26:11Okay.
26:12Dampur Sugar, again, for a period of six months, holding 266 quantity at a price of, I believe,
26:20100 and no, 266 is the buy price.
26:22Would you hold on, Kush?
26:25Exit.
26:26Exit.
26:27All right.
26:28Cochin Shipyard, we've already taken, but just a quick view on the short term.
26:31Would you hold if you bought at 1831, Kush?
26:35Hold with the stop loss at 1625.
26:38Yeah, I've been particularly tough on Kush this time.
26:42I've been sending a lot of questions this way.
26:44Gentlemen, thank you so much.
26:45I love the challenge.
26:46I love the challenge.
26:47Thank you so much, gentlemen, for taking the time, Kush, as well as Ashish.
26:50Thank you so much, as always.
26:52Well, that brings us to the end of this particular edition of Ask Profit.
26:55It's been an absolute pleasure bringing it to you.
26:57We'll be back tomorrow to take more of your questions.
26:59So do keep them coming and do stay tuned.
27:01Lots more coming up on NDTV Profit.