You can’t make money in sectors where govt or regulators call the shots: Mukherjea

Investors on Dalal Street should stay away from sectors in which the government or the regulator determines the rules of engagement, says Saurabh Mukherjea, Marcellus Investment.

In an interaction with ETNow, he said it is very difficult for minority shareholders to make money in sectors like telecom, power, real estate or airlines.

The BSE Power and Telecom indices have plunged 10 per cent and 30 per cent, respectively, in last five years, while BSE Realty index gained 29 per cent during November 2014-19. However, the BSE Realty index is still down 57 per cent in last 10 years.