Ambit Capital

A strong start to the monsoon, real wage growth turning positive since mid-FY25, and easing inflation are reviving household savings and boosting demand for FMCG, low-end two-wheelers, durables, and affordable housing.

Swiggy gets grilled on losing food delivery, quick commerce edge, Ambit Capital says 'sell'

Swiggy lost its first mover advantage in food delivery, while on the QC front, Swiggy is caught between an efficient Zomato and aggressor Zepto.

Capex slowdown worrying, infra and capital goods valuations are very punchy: Nitin Bhasin, Ambit Capital

The slowdown in capex in the first half of the fiscal comes on top of a significantly lower capital allocation to sectors like roads and railways, according to Bhasin

Ambit Capital's former employee, his mother fined Rs 5 lakh for front-running

Pranav Dipak Desai accepted that he used to recommend trades to his father and operate his mother's account.

Bullish on banking, EV and new-age stocks despite near-term challenges: Ambit's Dhiraj Agarwal

Agarwal is bullish on ICICI Bank, Eicher Motors, Tata Motors and Zomato as he sees further growth in the markets owing to positive investor sentiments

Ground 17,000 or Summit 21,000: What's next for the Nifty?

The banking, financial services, and insurance (BFSI) sector, a key contributor to FY23 earnings growth at 195 percent, will likely slow down to 43 percent in FY24

How have EPS estimates for Nifty 200 companies changed in Q3? Here are Ambit Capital's biggest movers

Among Nifty 200 companies, BPCL, Tata Motors, Oberoi Realty, ACC, and Dalmia Bharat attracted the biggest earnings-per-stock upgrades from Ambit Capital.

Investors will pivot to local as consumer firms pop back on radars, says Dhiraj Agarwal of Ambit Capital

In the consumer staples space, Agarwal believes the worst of the margin compression for companies could get over in the June quarter. “We can see a very sharp rebound in margins for consumer staples,” he said.

India's top contract maker of room ACs Amber Enterprises targets Rs 500 crore QIP in September

The promoters own 44 percent, Asian private equity fund ADV Partners nearly 21 percent and Goldman Sach entities 4.86 percent of the Gurugram-based company.

Coronavirus woes hit metal stocks, but Tata Steel & JSW Steel may ride the storm

Ambit has initiated a buy call on Tata Steel with a target of Rs 550 which translates into an upside of over 40 percent from March 3 closing level of Rs 387 on the BSE.

PMS manager of Coffee Can with AUM of over Rs 300 cr reveals his 3 success mantras

The strategy has always been the same – to remain true to the Coffee Can investment philosophy, irrespective of the marcoeconomic situation and business cycle, says Manish Jain.

Will see uptick in macroeconomic indicators in FY19: Pramod Gubbi

In an interview to CNBC-TV18, Pramod Gubbi, Head of Equity at Ambit Capital, spoke about his reading of the market and his outlook.

Negative on BFSI space; sell Equitas, Ujjivan; see up to 25% downside: Ambit Capital

Ambit Capital has a negative view on BFSI segment with sell recommendations on Equitas Holdings wherein the firm expects a downside of 25 percent with a target price of Rs 126.

Nifty@10K probably not the right time to enter markets, shift allocation to cash: Ambit Capital

We do believe the Indian markets are currently overvalued especially in light of elusive earnings growth.

As 2019 polls draw closer, there is an opportunity to make money in 'connected companies': Saurabh Mukherjea

India is the only significant democracy in the world with First Past the Post (FPTP) elections in which a multitude of parties feature. In the rest of the world, democracies:

New funds showing interest in Indian mid & smallcaps: Ambit’s Mukherjea

Along with well-established FIIs, the conference has also seen participation from new funds which are showing interest in Indian midcap and smallcap companies, says Saurabh Mukherjea of Ambit Capital

Exuberant bond market could be the trigger for correction in stocks: Ambit’s Mukherjea

There are other storm clouds as well building up as well, which Mukherjea feels the markets could be underestimating.

Don't expect major changes in P-Notes participation from investors: Ambit Capital

In an interview to CNBC-TV18, Pramod Gubbi, Head-Equities at Ambit Capital shared his readings and outlook on P-Notes and the market.

Ambit sees Sensex at 31,000 by March 2018; prefers pharma over IT

Pramod Gubbi of Ambit Capital sees a revival in Indian and global markets, but says that he will take money off the table in some cases.

Here's why Ambit's Saurabh Mukherjea is uncomfortable chasing market right now

Saurabh Mukherjea, CEO, Ambit Capital believes the economic weakness and the rally against is making it uncomfortable to chase the rally. He believes IT and pharma have a few stocks with attractive valuations even if both the sectors are seeing some pressure.

Without reskilling, IT's 1 mn workforce will struggle to stay

The shift the industry is currently undergoing is evident from growth numbers, which have plummeted to mid-single digits in the last few years. And for the first time, industry body Nasscom has deferred its annual growth guidance.

India faces 1.5 mn white-collar job crisis in telecom, IT, BFSI

India is staring at an imminent jobs crisis as three leading service sectors — which have been engines of job creation for two decades now — get ready to shed jobs by the tens of thousands, each driven by its own dynamic.

Nifty support at 8260; initiate fresh shorts on Titan: Ambit

Prashant Mittal of Ambit Capital says any downmove is likely to find support near the levels of 8,260 - denoting intermediate tops made between the double bottom formation.

Don't see conditions for a big market rally in short term: Ambit

Prevailing conditions aren‘t conducive for a big rally in the markets in the short term, Saurabh Mukherjea told CNBC-TV18. The brokerage house had in November scrapped its FY17 Sensex target of 29,500 in view of the government‘s demonetisation drive. Ambit Capital‘s FY18 Sensex target stands at 29,000.