The performance of Indian stock market should be looked at not just in isolation but also in the context of how emerging markets are doing, said Anup Maheshwari, Executive Vice President of DSP BlackRock Investment.
While FY17 earnings growth will be impacted due to demonetisation exercise, we expect a 20 percent growth in FY18 on account of mean reversion in financials and global cyclicals, said Anup Maheshwari, Vice President and Head of Equities & Strategy at DSP BlackRock.
We believe 2017 is going to be a year of contrasting performance with the first half being more challenging, driven by domestic and global events and the second half seeing a sharp recovery.
While the first quarter earnings have been mixed, earnings in second half of FY17 will be driven by monsoon and consumption, says Anup Maheshwari of DSP Blackrock Investment Managers.
The change in the earnings estimate has been largely led by lower earnings in banks, which is likely to drag in the short-term, says Anup Maheshwari of DSP BlackRock Investment.
The participants of Cafemutual Confluence 2015, a panel discussion with fund managers, include S Naren of ICICI Pru, Anoop Bhaskar, head-equities at UTI MF, Anup Maheshwari, DSP Blackrock Investment Managers, Prashant Jain, ED & CIO, HDFC MF and Gopal Agarwal, CIO, Mirae Asset Investment.
The Indian economic supertanker slowly but surely seems to be shifting direction and one can see insipient signs of recovery in metrics such as orders in the past few months, says Anup Maheshwari, Executive Vice President and Head Equities, DSP BlackRock AMC.
In telecom, Anup Maheshwari of DSP Blackrock Investment Managers says the sector is yet to see pricing power. He is waiting for revenue per minute (RPM) to increase in telecom to justify capex in auctions.
Anup Maheshwari, Exec VP & HD - Equities at DSP BlackRock has a overweight stance on banking space.
Anup Maheshwari, executive vice president and head of equities, DSP Blackrock, says FY16 will see the return of retail investors into the equity market.
According to Maheshwari corporate earnings growth, fall in interest rates and expanding return on equity (ROE) for corporate India will be the key drivers in the medium to long term.
Anup Maheshwari, executive vice president and head of equities, DSP Black Rock Investment Managers is overweight on financials and feels that public sector banks are on a strong footing now.
Anup Maheshwari, Executive Vice President & Head of equities, DSP BlackRock Investment Managers said that 25 percent of top 500 stocks are still trading under book value.
Anup Maheshwari of DSP BlackRock expects private sector lender to perform better than their PSU peers. He remains wary of auto space in the absence of demand.
Indian market looks confident on strong third quarter earnings. As it is marching towards the psychological 20000-mark, Anup Maheshwari of DSP Black Rock Investment Managers is expecting to see a positive trend in the market over two-three years.
Anup Maheshwari, DSP Blackrock Investment Managers feels that the market is looking for more RBI easing and improvement in capex for further upmove.
With the macro environment, both globally and locally, deteriorating, the outlook on equities remains uncertain. However, DSP Black Rock's Anup Maheshwari believes that conditions don‘t remain the same forever.
Anup Maheshwari, EVP, DSP Blackrock Investment Managers is worried that inflows of foreign investors is likely to be under pressure. In an interview to CNBC-TV18, he said that there are no signs of investment cycle picking up at the moment and growth slowdown is a major concern.
Anup Maheshwari of DSP Blackrock Investment Managers tells CNBC-TV18 that he expects the second half of the current fiscal to bring better flows into domestic funds.
Anup Maheshwari, DSP Blackrock sees the recent fall as an opportunity for the long-term investors to enter the market. “I think for long-term investors it is a very interesting phase to look at the markets,” he adds.
In an interview to CNBC-TV18, he said there might be an earnings growth of 18-20% in FY12. He raised concern on high inflation and demand pressure that could be dampener to earnings.
Anup Maheshwari, Executive Vice President & Head of Equities, DSP Blackrock Investment Managers is neutral on IT.
Anup Maheshwari, Executive Vice President & Head of Equities, DSP Blackrock Investment Managers is underweight on the auto sector.