BUSINESS
2 investment themes and 3 preferred bets of Porinju Veliyath
Indian railways truly grasps the magnitude of India’s transformation, Prorinju said. In the current year alone, capital expenditure worth Rs 2.4 lakh crore has been allocated to the railways.
BUSINESS
Britannia shares reach new milestone; analysts see more than 50% upside
The biscuit-maker’s stock, which has a ‘buy’ rating from 31 analysts, crossed Rs 5,000
BUSINESS
Zee shares recover, but speculation continues over company's merger with Sony
If the merger is called off, which is a low probability event, there could be a downside potential for the stock in the range of 15-20%, says Elara Securities. Zee Enterprises is likely to file an appeal with the Securities Appellate Tribunal, contesting the Sebi order.
BUSINESS
Porinju Veliyath bets house on 3 stocks; feels they are undervalued even after a good run
Tata Communications presents a decadal compounder opportunity and is reasonably priced, offering a favourable risk-return trade, says the fund manager
BUSINESS
Have been adding Pharma and IT stocks over recent months: ICICI Prudential AMC’s head investment strategist
Currently, large-cap IT companies have corrected to a more reasonable sub-20 times PE valuation. With buybacks being the common practice, robust cashflow generation and strong management quality, the prospect of building a large-cap IT portfolio over the next 12 months seems promising, he said.
BUSINESS
See no competition from Chinese manufacturers; order book from exports to expand: IKIO Lighting
IKIO’s CMD Hardeep Singh, and Director Sanjeet Singh said the implementation of backward integration was instrumental in reducing costs and enhancing competitiveness, both domestically and globally.
BUSINESS
Street isn’t anticipating pricing compression for IT companies: Girish Pai
The Head of Research at Nirmal Bang Securities feels midcap IT companies will face more pain in the upcoming quarter due to higher valuations, client concentration and vertical concentration, among others.
BUSINESS
March quarter will be the best ever for L&T: Elixir Equities Director Dipan Mehta
Besides IT and banking, he’s also positive about the capital goods and construction space, and has high hopes of firms like ITD Cementation, NCC, ABB, Siemens, and Thermax.
BUSINESS
Why Gautam Duggad of Motilal Oswal Finance thinks BFSI, auto will drive Q4 earnings growth
Consumer and IT sectors are expected to clock decent growth, while metals and cement are expected to be top laggards, he said. As far as new-age companies are concerned, valuations are still quite expensive. They are still not showing consistent profitability and the market caps are quite high, Duggad said.
BUSINESS
Debt mutual fund tax tweak a setback, but AMC profit driven by equity schemes: Vikas Khemani
Most people may not abandon debt funds and that could turn into a long-term asset base, but creating new assets in the debt segment may be a challenge, says Vikas Khemani, founder of Carnelian Asset Advisors
BUSINESS
Avenue Supermarts looks attractive on dips: Amit Jeswani
Stallion Asset is highly underweight on IT services, overweight on Indian banks, has added two listed fintech companies and is looking to add hospital stocks, says the founder of the portfolio management service company
BUSINESS
Metal stocks to remain range-bound; sector might see some margin improvement in H2: Rakesh Arora
According to Rakesh Arora, founder of Go India Stocks.com, Nifty Metal has been the worst-performing sectoral index from the start of the year. The sector may see mean reversion in margins in the second half of the year, he says.
BUSINESS
Underweight on IT sector because of exposure to Europe, US: Aniruddha Sarkar of Quest Investment
The portfolio manager is overweight on industrials including capital goods, defence, energy and autos.
BUSINESS
Indian banks far more resilient, well-insulated than global peers: Deven Choksey
Indian banks, says Deven Choksey, founder and promoter, KR Choksey Holdings Pvt Ltd, have been kept insulated, by design. About the Indian equity markets, he says this is probably the time for many funds to accumulate stocks at the lower levels as foreign investors are selling.
BUSINESS
Consumer Discretionary theme should be considered as long-term bet: Aashish Sommaiyaa
According to the WhiteOak Capital CEO, nothing in the markets is going to change in a hurry unless there is clarity on interest rates and a de-escalation of geopolitical tension, maybe in the latter half of 2023.
BUSINESS
Turned positive on autos for reasonable valuations, Motilal Oswal’s Duggad says
Duggad is overweight on the sector given its underperformance in the last five years. He is betting on stocks like Mahindra &Mahindra, Tata Motors and Maruti Suzuki
BUSINESS
Cement may be an outperformer in 2023: Nirmal Bang CEO Rahul Arora
Arora says investors have to be very nimble-footed when they play the commodities sector, as opposed to looking at it from a long-term investment call.
BUSINESS
See some steam for defence-related stocks, PSBs have topped out: Amit Jeswani
Jeswani notes that this quarter has been terrible for many companies, with eight out of ten firms delivering very bad numbers across every sector. He advises investors to look for companies that are delivering good numbers.
BUSINESS
I’ve changed my stance on new-age companies: Safir Anand
The seasoned investor is also bullish on defence, hospitals, midcap IT, infra, and logistics
BUSINESS
Poonawala Fincorp resembles early days of Bajaj Finance: Gurmeet Chadha of Complete Circle Wealth
It is a good investment option, given their strong credit rating, low cost of funds, and expected growth in loan book, he says. Chadha also said that the Indian equity markets would have been 20-30 percent lower, but for Domestic Institutional Investors (DIIs).
BUSINESS
Hindalco MD Pai: Worst over for Novelis, improvement expected from Q4
Hindalco and its US subsidiary Novelis are expected to improve their performance in the fourth quarter as inflationary pressures ease
BUSINESS
Cement Companies may not pass potential GST rate cut fully
Cement company stocks picked up pace after finance minister said she would examine the possibility of reducing the 28 percent goods and services tax rate for the sector.
BUSINESS
Thrust on urbanisation augurs well for the steel industry: JSPL MD
He said that while removal of the export duty on steel was a welcome move, there was enough unmet domestic demand, and producers do not really need to export.
BUSINESS
Economic Survey 2023: Big reforms that helped the government navigate financial crisis
India’s annual pre-budget Economic Survey 2022-23 spoke of the efforts undertaken by the government during crisis and major reforms implemented.
