"Specific to our business, we are extremely confident of our growth," Ravanan said.
The board of Lakshmi Vilas Bank on April 12 approved the merger with Indiabulls Housing Finance.
Our preferred themes continue to be banking, IT and consumer. These sectors have various tailwinds in their favour and are likely to deliver decent absolute returns in FY20, said Naveen Kulkarni of Reliance Securities
Any negative outcome from elections and continued slowdown in domestic and global economic growth can lead rupee to go over 70/$
"These four spaces are classical Indian plays because they play naturally into India's distinctive tendency to pump up the budget deficit and spray money at the poor," he said.
We are not very optimistic on the sector as capacity additions are likely to continue and pricing discipline will therefore be intermittent in nature.
A stable government will give a good fillip to the markets as it removes economic & policy uncertainty and portfolio inflows, said Aniruddha Naha of DHFL Pramerica Asset Managers
It appears that we are in the early stages of a bullish phase but, as usual, very few can trust this upswing especially keeping in mind the impending general election at the doorstep.
The market is already pricing in a BJP-led NDA government formation at the Centre, which could mean a consolidation phase for the market, post elections
Government policy, decision taken ability, measures and spending can get delayed impacting the earnings growth expectation of the market, if there is a fragile hung parliament.
We are at a critical stage of the economy. While consumption and government-led spending have kept the economy on track for the past few years, there are signs of these slowing down
Few large-cap stocks are performing well that are contributing high in the index gain. However, if we talk about mid and smallcap, steam is gathering to give a breakout based on the charts
In the run-up to the elections, sectors such as consumption and infrastructure tend to be in the limelight. We are constructive on financials, healthcare and infrastructure sectors.
While Indian auto sector has structural opportunities, the near term outlook on volumes is negative nd the valuations are not yet fully reflecting the same.
Economic growth has lost some momentum in recent quarters and latest data shows slowdown in consumption items like autos.
Top five picks are ICICI Bank, Aarti Industries, Kalpataru Power, Yes Bank, Arvind Fashions, We see scope for 25-30% upside over next one year
We certainly expect FY20 earnings to be closer to the average growth we have seen in the last few years. A lot will depend on how the numbers of auto companies and PSU banks will pan out.
The economic news headlines would largely be dominated by growth fears and measures to revive them in FY20, the performance of asset prices would be better albeit with elevated volatility, said Vaibhav Sanghavi of Avendus Capital
Domestic economy oriented stocks and consumption stocks should do well post elections. In the short run, we should see the rupee appreciate to the 65-66 levels.
For FY20, we expect markets to be rangebound as earnings recovery is likely to be delayed owing to slowing global growth and after effects of liquidity tightness seen in 2018
Apart from the banking pack, stocks like Aurobindo Pharma, Infosys, Jindal Steel & Power, Page Industries, Petronet LNG, Pidilite Industries and Voltas look strong on charts and have the potential to do well in the near future.
Dyaneshwar Padwal of KIFS Trade Capital said the Nifty may trade rangebound between 11,300 and 12,000 levels during the April series
With improved credit growth and higher project activity, PSU banks are likely to benefit. Private banks have shown resilient growth along with acceptable NPA ratios, he said.
There has been a marked improvement in the NPA levels but it may be still early to call a bottoming out of the NPA cycle. Also, we need to see profitable credit pick-up in PSU banks.
While one may pick up all weather stocks mainly from the large-cap space, one needs to carefully choose stocks from across the rest of the market cap after considering various other relevant factors.