Economic momentum over the past two years was powered by the premium segment of the market. With inflation moderating, we expect the mass segment to start contributing to the economic expansion.
Amit Jain says a recessionary environment in the world will bring more money to the Indian economy and the stock market. He also has some investment advice, read on
Jitendra Gohil, Director– Global Investment Management, Credit Suisse Wealth Management, India, expects the Nifty give low to mid-double-digit returns in 2023, with a good performance in the second half of the year
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.
Kotak Mahindra Asset Management Company is cautious on global-facing sectors such as metals and IT but says domestic growth is more resilient. It is upbeat on banks, industrials and auto among other sectors
Nifty has broken out of the 2,000 points range of 16,000-18,000 level and the market seems to be set to scale new peak in H2 of 2023.
Milan Vaishnav of Gemstone Equity Research expects the Bank Nifty index to consolidate just below 44,000 levels and eventually break out higher.
IT companies reported a mixed performance overall in Q4FY23, with tier-1 firms delivering muted revenue growth and modest margins, while tier-2 companies outpaced the tier-1 pack with stronger revenue growth.
The market veteran expects the RBI to continue with the rate hike pause, leave the GDP forecast unchanged but peg down the inflation number for FY24 when it meets for policy review on June 6-8
Asit Bhandarkar of JM Financial Asset Management expects the RBI to hold the rates once again but change the policy stance to 'neutral' when it meets next week for bi-monthly policy review
Investors are anticipating rate cuts as early as second half 2023, especially after the liquidity related stress seen in the global banking system in the past couple of months.
The non-banking financial companies underperformed during the interest-rate hike cycle last year but Patil expects them to catch up this year
Technical analysis suggests that capital goods stocks are poised for a potentially rewarding long-term bull market after being dormant for around 14 years.
Private sector banks have an unfettered ability to take larger market share of both loans and deposits, according to Rahul Bhuskute of Bharti AXA Life Insurance
RBI’s pause in rate hikes and expected cuts in the future and multi-decadal growth outlook for the domestic economy are all positives for the market.
Lending institutions –banks as well as non-banking financial companies are expected to deliver another year of strong earnings growth.
InCred Equities’s vice president (equity advisory) is expects Nifty Bank, FMCG, IT and auto indices to maintain their momentum. Read on for his picks for June series
B2B manufacturing across auto ancillaries, CDMO (contract development and manufacturing organization) and businesses which have process led efficiencies will continue to generate accretive growth.
In March quarter, Jain Irrigation completed the deal to merge its global irrigation business with Temasek-owned Rivulis. Anil B Jain says that the merged entity may get listed in three years, as he lays out the road map for the next few years.
Suresh Soni believes the capital goods sector would continue to report good earnings based on above parameters.
Green Portfolio PMS founder Divam Sharma, however, keeps a distance from the gas space. He says gas stocks are highly dependent on government policies as well as the price of crude and is a very volatile space to be in
Q4FY23 earnings season has broadly been in line with expectations but sector specific divergences were observed.
The company intends to spend Rs 85,000 crore in the next seven years under its recently unveiled ‘Strategy 2.0’ initiative, wherein it aims to increase its generation capacity to 20 GW and energy storage of 40 GWh/5GW by 2030.
March quarter earnings until now have been broadly in line with expectations.
Nishit Master believes that in the near term, consumer spending will continue to be depressed due to still elevated inflation and the possibility of below-normal monsoon due to developing El Nino conditions.