Long on tobacco companies: Vikas Pershad

Vikas Pershad, Founder & CEO, Veda Investments

Any of biases you would like to give into and play on them as far as hedges?

If you are asking for investment outside of India, there is a company listed in Hong Kong and China, the Macau play, that works these days. You have seen a recovery in the US as well. I am long on tobacco companies and they get to your point of strong balance sheets, very high dividends, stable, bullet proof balance sheet. If the market goes down by 4%, they actually take up by 10 basis points. So that apprise globally as well as Japan Tobacco as a company that I was buying this morning because it continues to sell off.