Daily Voice: Book profits in auto and ancillary space as growth rate may decelerate in next few years, says Jitendra Gohil of Kotak
However, Kotak Alternate Asset Managers still remains constructive on the commercial vehicle financing space and also positive on rural demand recovery plays such as tractors, said Jitendra Gohil
Daily Voice: Near-term headwinds for corporate earnings could impact equity markets for a while, says CIO Jyoti Vaswani
After registering strong double-digit earnings growth over past few years, of late, there have been some concerns over sustainability of this earnings growth over next few quarters, said Jyoti Vaswani of Canara HSBC Life Insurance.
SurveyMonkey’s free product so good, hard to convert Indian users to paid plans: CEO Eric Johnson
25% of SurveyMonkey's R&D efforts will happen in India by 2025, Johnson said. The online survey platform has moved the development of several functions like market research and audience to the country.
Daily Voice: Don't anticipate a significant market correction, says this fund manager
Despite ongoing global uncertainties, including the threat of a global recession, geopolitical tensions, and the upcoming US elections, the market appears to have stabilized, says Sonam Srivastava.
Daily Voice: Ambit's Nitin Bhasin explains why banks are set for outperformance from here on
Instead of recommending PSUs as a whole, Nitin Bhasin prefers PSU Banks which stands out on asset quality and credit cost in the current cycle.
Daily Voice: Pharma should be part of investment portfolio, but significant re-rating looks difficult, says Milind Muchhala of Julius Baer
The recent passing of the Biosecure Act in the US further aided the positive sentiment, especially for some CDMO players in the pharma space, Milind Muchhala of Julius Baer said.
Chartist Talks: Sudeep Shah of SBI Securities believes Axis Bank has bottomed out, sees bullish momentum in this stock
According to Sudeep Shah, given the technical weakness, FMCG and Auto sectors are likely to underperform in the near term.
Daily Voice: This CIO remains bullish on luxury consumption, import substitution themes, but avoids 2-wheeler space
Tamohara has been incrementally buying financials (private banks largely), select chemicals and pharma names, said Sheetal Malpani.
Daily Voice: MOFSL's Gautam Duggad prefers consumer discretionary stocks over traditional FMCG names, cautious on defence space
Due to major earnings cut for commodities, MOFSL has reduced Nifty EPS estimates by 4 percent and 3.6 percent to Rs 1,072 and Rs 1,269 for FY25 and FY26, respectively, said Gautam Duggad.
We will not sacrifice profitability for market share: Shenu Agarwal, MD and CEO, Ashok Leyland
Higher interest rates do make vehicle financing more expensive, impacting the purchasing power of fleet owners and small businesses, says the CEO
Daily Voice: US elections not a major factor for Indian stocks, says TRUST MF's Mihir Vora
India is a growth market. Small-caps are companies which have survived their high-risk startup phase and now the focus is primarily on growth. Thus, small-cap companies are often in the highest growth phase of their lifecycle, said Mihir Vora.
Daily Voice: This chief investment strategist sees opportunities in these 5 sectors
For the equity market, Vikas Gupta of OmniScience feels the near-term concerns driven by the US elections, Middle East tensions, China’s stimulus, and the Fed’s remaining meetings for the year may persist.
Daily Voice: ITI MF's Rajesh Bhatia identifies 3 sectors that are attractive, constructive for next 3 years
Rajesh Bhatia of ITI Mutual Fund is optimistic about the Indian economy being in a structural upcycle, which he expects to become more evident as global macroeconomic challenges ease over the next few quarters.
Daily Voice: Vikas Khemani of Carnelian is bullish on IT, sees revenue revival in FY25
He says the sector offers one of the best opportunities as IT spends in BFSI companies is picking up, and tier 1 companies are reporting robust growth.
Daily Voice: Market may rally post US elections, volatility to persist until then: Samco MF CEO
In the coming years, the multicap fund category will grow to be the largest equity category scheme, said Viraj Gandhi of Samco Mutual Fund.
Chartist Talks: Strong bullish momentum suggests right time to buy Hindalco, NALCO, CG Power, says Sudeep Shah of SBI Securities
Daily Voice: India’s bull run intact, driven by structural growth; FII ownership at decade lows: Anil Rego
While FIIs offloaded domestic equities during the week it is unlikely to impact the Indian market significantly, said Anil Rego of Right Horizons.
Daily Voice: Earnings slowdown seen in Q1FY25 may persist in Q2FY25, says this CIO
Topline growth continues to struggle due to slowdown in demand. Margin growth which had been the key driver of profitability may also see moderation due to high base, said Ravikant Rathore.
Daily Voice: Aditya Birla Sun Life AMC's Harish Krishnan identifies these three sectors as dark horses
These three sectors provide greater margin of safety, given their longer term underperformance as well as low relative ownership of these sectors.
Daily Voice: Earnings likely to be subdued for banks, large-cap IT firms in Q2, says Axis Securities' Naveen Kulkarni
Overall, earnings performance for the September quarter is expected to be a mixed bag.
Daily Voice: This fund manager expects Q2FY25 earnings to be sequentially better with recovery in auto, pharma
More than the Q2 results, Mohit Khanna believes the more important aspect would-be management commentary regarding the acceleration in the execution post a slow June quarter.
Daily Voice: Don't foresee any substantial risk of significant capital moving from India to China, says Ladderup's Raghvendra Nath
Global investors may shift some focus to China, especially following these stimulus announcements; however, Raghvendra Nath of Ladderup Wealth Management believes that India's relative attractiveness remains high.
Chartist talks: Ashish Kyal sees bullish momentum in Sakthi Sugars, Infosys resuming upward trend soon after current volatility
A break above the Rs 1,960 level can lift Infosys towards Rs 2,080, so long as the Rs 1,850 level holds on the downside.
Daily Voice: Infosys, HCLTech, LTIMindtree likely to lead recovery in IT space, says this fund manager
Anirudh Garg of Invasset PMS anticipates the IT sector to benefit from structural trends like AI, automation, and digital transformation, further enhancing its potential for recovery.
