“For someone who is invested in railway and defence stocks, it is not a bad idea to take some money off the table because stocks have moved very significantly and we have seen gains that are 200-300-400% over the last 9 to 12 months.” From a relative basis we find much more value in IT and pharma and we are clearly taking money off of some of these sectors which have done exceedingly well over the last let us say 18 months which is essentially financials and capital goods and putting that money to work into IT and pharma.
