In a CNBC-TV18 special series Wizards of Dalal Street — A Fresh Breeze, Ramesh Damani caught up with Narender Nagpal, Partner, Amansa Capital who shared his views on India‘s specialty chemicals industry.
India will see reasonable earnings growth over the next 6-9 months and that should give the market another leg of growth, feels Akash Prakash, Fund Manager & CEO of Amansa Holdings.
On the government‘s performance, Akash Prakash, Director & CEO, Amansa Capital says the decision making by Prime Minister Office has been slow as there are a lot of things that the government could have done which do not require legislative change.
Emerging markets as an asset class have witnessed immense headwinds and if outflows from these markets worsen, India will not be able to stay immune, says Akash Prakash of Amansa Capital.
Akash Prakash of Amansa Captial is bullish on banks and consumer discretionary stocks. He continues to like IT despite the fact that he sees short-term pain in the sector.
In a freewheeling conversation with Ramesh Damani, hedge fund manager Akash Prakash, among other things, discusses state of the political economy, what it will take to get India back to 9 percent GDP growth and stocks and sectors on which he was a favourable long-term view.
Akash Prakash, CEO and director of Amansa Capital has an optimistic view on media space.
Ramesh Damani, member, BSE said the undertone of the market was quite strong, and there was every reason to be optimistic.
According to Akash Prakash, people are starting to believe that India‘s 5 percent gross domestic product (GDP) is probably the bottom of the cycle and that growth will tick up from here.
If there is a broad based redemptions happening across emerging markets (EMs) then foreign institutional investors (FIIs) don't have a choice because they cannot sell everything else and not sell India, says Akash Prakash of Amansa Capital.
Akash Prakash of Amansa Capital, talks about how he expects the market to do well and expect next year to be an overall positive year. He also says that for the market to move up it clearly need supportive action from the government on the reforms front to improve the investment climate.
Akash Prakash, Fund Manager and CEO, Amansa Capital says market wants to hear fiscal deficit at 5% of GDP. The RBI had categorically said that it will only cut rates now once it gets to some kind of fiscal discipline.
Experts decode FY12 with their Crystal Ball view.
Ace investor Rakesh Jhunjhunwala said crude is a big blockade for India and as long as it stays above USD 85-90 per barrel, he sees upsides for the market being capped.
It turned out to be a mixed start to the markets this week with the frontline indices ending absolutely flat with a positive bias and the broader markets underperforming with the midcap index shedding close to a 1% and small cap index down 1.4%.
Akash Prakash of Amansa Capital is expecting more downside from the current levels. In an interview to CNBC-TV18, he said that there might be short-term bounce due to oversold nature. According to him, the market is likely to see another 5-10% correction.