Ajay Srivastava, CEO of Dimensions Consulting is of the view that one may buy oil marketing companies.
Market rally seen in last few months was largely due to global cues, says Ajay Srivastava, CEO of Dimensions Consulting.
Ajay Srivastava, CEO, Dimensions Consulting says there has not been much of fresh investments into Indian equities based on conviction about fundamentals. He expects March quarter earnings to be lacklustre, but says the market has already factored it in
Ajay Srivastava, CEO, Dimensions Consulting, cautions against going short on other sectors though fourth quarter numbers in most cases are expected to worse than the third quarter numbers. That is because there is too much liquidity in the system right now forcing share prices higher in the short term irrespective of fundamentals
Ajay Srivastava of Dimensions Consulting has a word of caution amid the ongoing rally: the bounceback may have some more legs to go but till economic fundamentals solidly change, investors must be cautious to not over invest.
Loan origination itself is fundamentally flawed as the promoter gets one bank on board and others follow suit. There is no independent analysis in most cases and banks rely on lead bank recommendations and find comfort in many.
According to Ajay Srivastava, CEO, Dimensions Consulting, a key concern for the market is the lack of leadership. He says many midcaps are doing much better operationally, compared to the large caps, which are floundering at the moment.
Ajay Srivastava, CEO of Dimensions Consulting says the PSU bank numbers point to one serious issue â€” should there even be a recovery, what will be the process of funding it
Watch accompanying videos of Investor Camp which held at Jaipur in which Udayan Mukherjee of CNBC-TV18 and Ajay Srivastava of Dimensions Consulting shared their readings and outlook on the market and what lies more in the future.
It is not market for small investors and not a time to bottom fish because there is so much volatility caused by foreign institutional investors (FIIs) exiting, high networth individuals (HNIs) exiting, mutual funds getting nervous etc, says Ajay Srivastava, CEO, Dimensions Consulting.
According to Ajay Srivastava of Dimensions Consulting the current correction could be because of a lot of unwinding in midcaps and smallcaps.
The Sensex today broke its psychological level of 25000 as the Nifty slipped 126.20 points or 1.63 percent to 7614.80 in the first hour of trade.
Ajay Srivastava, CEO at Dimensions Consulting is of the view that one may prefer pharma stocks with long term view.
Ajay Srivastava of Dimensions Capital says the pharma sector will give good returns from a 3-5 year perspective.
The 'Big Day' will certainly have a tremendous amount of impact on Indian market and here is how the market experts analyse the same.
The worse thing is all the beaten down, highly-leveraged stocks had a party this year, thanks to the Reserve Bank's benign view on NPAs and the 'most obnoxious' legislation called the 5:25 scheme, says Ajay Srivastava, CEO of Dimensions Consulting
Deepak Shenoy of Capitalmind.in says what can be more auspicious than stocks trading at a low. However, Ajay Srivastava of Dimensions Consulting has a contrarian view, and says it is not a good buying opportunity, though it continues to remain a bull market.
"Companies like Jaiprakash Associates, GMR Infrastructure, Lanco Infratech, among others, which are by and large fully bankrupt companies, are the star leaders in this run up to this thing. It tells you what the quality of this rally is going to be," says Ajay Srivastava, CEO of Dimensions Consulting
"The quality of the rally is a little worrying as beaten down names such as Jaiprakash and Lanco Infra are the stars of this rally," says Ajay Srivastava, CEO of Dimensions Consulting
The retail investors are far more circumspect now and if this rally gets sold into, it will be very difficult to get them back
Dimensions Consulting CEO Srivastava expects margin expansion in the IT and pharma sector because of weak rupee, but says the overall earnings story for FY16 will be lacklustre
Srivastava feels the Indian market will struggle as long as the mood in global markets remain bearish.
Ajay Srivastava, CEO of Dimensions Consulting said Capital Goods sector, bulk drug businesses, Consumer Durables, tyres and Indian exporters to Europe are likely to bear the brunt of yuan devaluation.
It is unlikely that investors are factoring in an uptick in earnings before Q1FY17, says Ajay Srivastava of Dimensions Consulting. The inherent characteristic of the market continues to be bullish, he adds
Ajay Srivastava, CEO of Dimensions Consulting feels midcaps will take the brunt of selling whenever it happens. The next trigger for the markets will be the June earnings, when investors will get a clear picture on which stocks to buy, he adds.