Infosys is planning to acquire Zurich-based global management consultancy firm Lodestone Holding AG at 330 m CHF (USD 350 million) in cash. Ankur Rudra of Ambit Capital says the acquisition seems to be clearly in the right direction.
Given the quality of the franchise and the attractive valuations Maruti Suzuki are available at, I think there is 10-15% upside here and I think it‘s good to see some serious money coming into the stock, says Saurabh Mukherjea, Head of Equities, Ambit Capital.
Buy Bharti Airtel, says Saurabh Mukherjea, Head of Equities, Ambit Capital. We believe that the current phase of price cutting that we are seeing in telecom is more a strategic price cutting exercise that the three leaders are indulging in to make sure that other people stay out of the coming auction.
See 30-40% upside in Voltas, says Saurabh Mukherjea, Head of Equities, Ambit Capital. It‘s a mixture of a high class consumer discretionary spend, so the air conditioning business seems to go from the strength to strength and on the construction and mechanical electrical plumbing side, they are a class apart from anybody else in our country.
Accumulate HPCL on dips, says Saurabh Mukherjea, Ambit Capital.
Tata Steel is a top pick, says Saurabh Mukherjea, Ambit Capital.
US engine maker Cummins Inc cut its full-year sales forecast on Tuesday, sending its shares down 10% at one point and leading a fall in US stocks.
Global cues have started dwindling again, taking markets down as well. European markets gave up quite a bit of those gains they earned post the EU summit and the European Central Bank (ECB) and Bank of England (BoE) monetary policy meetings.
At closing bell, the frontline indices closed with cuts of around 1.5% each. But experts haven‘t given up on the market yet. They are optimistic in the near-term. According to them, the uptrend is still intact.
Saurabh Mukherjea, HD-Equities of Ambit Capital is of the view that the markets have been going through a volatile situation and though, results from Greece were positive, market sentiment continues to remain weak.
Ridham Desai of Morgan Stanley said they continued to choose midcaps over large-caps, given the valuation gap.
After a continuous losing streak, Indian market has started to look firm with high expectations of the Reserve Bank of India cutting key rates in its monetary policy review on June 18. Experts say this is the best time to put back money into the market as valuations are compelling enough to be reducing cash levels.
Saurabh Mukherjea, Ambit Capital said they believe this is a good time to invest in India as valuations are the most attractive that they have been in a decade.
Andrew Holland of Ambit Capital says market will continue to focus on newsflow emanating out of the eurozone area.
The Indian market is badly hit by global as well as domestic factors. Saurabh Mukherjea of Ambit Capital says, this was always on the cards with Greece descending into political chaos. He advises investors to focus on sectors such as auto, IT rather than trying to buy banks, real estate, power and infrastructure.
It's been five turbulent days for equities in India, and unluckily the consensus is that things will not let up anytime soon.
Saurabh Mukherjea of Ambit Capital says that many investors feel that the rupee will slide further to 55-56 levels and he also feels that the faith of the investor community in the Indian government has fallen so much that the community feels that the finance minister will not lead in the right way on the GAAR issue.
In the last decade, investors had resorted to sell-in-May-and-go-away approach not once, but six times. This may not hold true this year; as it wasn't in few intermittent years, when market went up in the month of May.
The Indian market has virtually followed the global scenario where the markets really haven‘t moved for the last month, says Andrew Holland, chief executive officer-equities of Ambit Capital. Holland thinks the market will move higher going forward.
Buy Torrent Power, says Saurabh Mukherjea, Ambit Capital.
Saurabh Mukherjea of Ambit Capital expects topline growth of Indian companies to remain sluggish.
In an interview to CNBC-TV18, Andrew Holland, CEO - equities, Ambit Capital Pvt Ltd says the recent range that our market has been stuck in can play out if the RBI at least begins the rate cut cycle when it meets in April.
With major events like Budget, UP elections results and RBI policy, March is going to be an important month for the Indian market. Andrew Holland, CEO (equities) at Ambit Capital says, he will be a little bit more cautious ahead of those events, especially Budget and RBI policy.
It was bloodbath on Dalal Street. The Indian market corrected very sharply. Experts feel there could be further downside. They are cautious on the market now and are advising investors to book profits.
There is no stopping the Nifty in the month of February. Within two hours of opening, the Nifty raced more than 80 points to cross 5500, a first since its hey days of early August 2011.