We have been very vocal for the past one year that India deserves a higher PE premium compared to global peers and despite spike in commodity prices, especially oil, India's relative valuation premium remains at historically high levels.
The definition of banking in India is restrictive and it is better to be an NBFC for now, Revankar told Moneycontrol.
CoinSwitch, which helps retail investors invest in cryptocurrencies via an app, was founded in 2017 by Ashish Singhal, Govind Soni and Vimal Sagar Tiwari as a global aggregator of cryptocurrency exchanges. Today, CoinSwitch lets users invest in dozens of other currencies. It became a unicorn in October last year when it raised over $260 million led by new investors Coinbase Ventures and top Silicon Valley fund Andreessen Horowitz. While cryptocurrency has had a tumultuous time in India because of uncertainty over regulation, it is gaining increasing traction as an investment avenue. Coinswitch's registered user base is 18 million, making it one of the largest crypto platforms in the country. The founders of Coinswitch spoke to Moneycontrol's Chandra R Srikanth about their journey, the early days, the volatility of crypto and their plans to become a full-fledged wealth-tech platform.
"From a valuation standpoint, the last two years of rally had stretched valuations of most good quality businesses and a consolidation may be good for stock prices in the long run."
What does it take to be a modern marketer? Get a sharp and fast insight into the minds of marketers behind some of India’s buzziest brands in Marketing Recoded. In this episode, Preetha Athey, Director - Global Business Marketing, Twitter APAC, talks about how important it is for marketers to lead their communication strategies with empathy and purpose; to understand consumers deeply more than ever before; and the rise of social live audio. Listen in.
"The government is taking actions to take care of the power supply requirement in the months of September-November. The months of November-February are the low demand periods so I don't see any challenges," Goel said.
The former chief of PepsiCo in India talks about the changing nature of careers and how youngsters will not respect age but will revere relevance and impact
The most attractive would be private sector banks given that credit offtake is improving, NPA (non-performing assets) cycle has turned and corporate balance sheets are also healthy.
The insurance behemoth will try to arrest its market share loss, ramp up its digital channels and make tactical tweaks on equity investments to please policyholders, Chairman MR Kumar says
For long-term investors, India is an attractive investment destination and short-run corrections are opportunities to increase equity investments.
In the near term, these elevated inflationary pressures will prove to be a drag on global growth, says India's top economic policymaker
Also, why Dinesh Kumar Khara sees inflation as positive to some extent for economy, and more
India's manufacturing sector is poised to benefit from the ongoing government's emphasis on indigenization through the PLI programme spreading across the sectors. Further post-COVID China Plus strategy adopted by many companies to extend value chains to secure supply chain and improve scale and profitability.
"We expect FY23 earnings to get marginally affected owing to a rise in crude oil and input cost. Longer than expected lockdown in China has hampered the global supply chain. If the situation persists we might have to lower our earnings expectations at least for the first quarter of FY23."
We are comfortable with growth prospects in the IT sector in the medium term, but valuations comfort had been eroding due to sharp run up. If the current correction in IT continues it will offer a good entry point.
Engineering major Larsen & Toubro announced its financial result for financial year 2022 on May 12. The management said it was a challenging year due to COVID-related disruptions, geopolitical tension, and deferment of orders in the home market. The company has given a guidance of 12-15 percent growth in order inflow and revenue for 2022-23. It also announced that it has finalised its five-year strategic plan, Lakshya’26, which will increase its revenue to Rs 2.73 lakh crore by FY26 from 1.36 lakh crore in FY21. L&T’s CEO and managing director SN Subrahmanyan spoke to Moneycontrol’s Rachita Prasad.
Contributors to sticky inflation could include higher prices of electricity and agricultural produce, which are expected to kick in later this year.
You can look at health policies with co-pay or sub-limits to keep a tight lid on premiums, but do note that such restrictions will also lead to inadequate coverage.
Even with slightly higher interest rates, there are still no viable long term investment options that are capable of beating inflation in a sustainable manner.
One can play selectively in IT stocks post correction as a rupee depreciation will benefit them; companies with lower exposure to Europe will be the preferred play as the Euro has depreciated, says Tiwari.
We are positive on the credit growth prospects in the medium term as we see a reasonable chance of a private sector capex cycle over the next two to three years.
"Investors need to stay with quality stocks, especially ones with stable cash flow and unleveraged balance sheet. The continuous correction in market will see a sell-off of speculative stocks that have weak fundamentals and the damage there will be irreparable."
Holland says the global markets may see a further fall of 5-10 percent, as the narrative has changed from 'buy on dips’ to ‘sell on rise’
For auto sector, order books are huge due to pent up demand and also due to supply constraints. Complete opening up of service sector and demand for personal mobility will keep the sector demand healthy.
"We say, jokingly, that our strategic plan is to wait for that telephone to ring," says Prem Watsa in interview