Microfinance / NBFC / Gold / Real Estate
Market hates uncertainty (group think). Markets cannot do 3rd level thinking in a group, that is the reason why nobody experience enlightenment in a group, or re-discovers laws of physics in a group. Market cannot differentiate between risk and uncertainty.
You have to lock yourself up and think through alone.
All the media and experienced investors in India seem to have thrown in the towel on the above sectors. I find the above four sectors attractive beyond end.
I am accumulating all listed MFIs (except Arman Finance and except Capital Trust), most NBFCs (you may call falling knife). And the next sector that are very attractive to me (for 3-5 years) are Gold Jewellers and after that real estate companies.
Organised MFI competitors will be wiped out.
People will have to hoard gold and / or real estate long term (USD has no value either).
People with black money have been hit one time, they will not be hit again, in this generation.
Once you think though that for few weeks, you will see that you are smart and I am right 🙂