Amish Shah

A daily round-up of the most interesting articles to help jump-start the day.

Staples, cement good medium-term bets; financials, industrials for long term: Amish Shah, BofA

BofA Securities is underweight on the information technology, automobile and healthcare sectors

Interview | Bank of America’s Amish Shah on why India’s valuation premium appears justified

Improving infrastructure (focus on Gati Shakti), a bottleneck in the past, could improve asset turns and lower logistic costs, which in turn could aid expansion in return on equity

DAILY VOICE | FIIs remain positive on India, but the biggest risk is the potential 3rd wave of Covid-19: Amish Shah of BofA Securities

Our estimates suggest Nifty PAT could register 62.3% YoY growth during the June 2021 quarter largely due to the low base effect of Q1FY21. On a sequential basis, we expect Nifty earnings to remain largely flat, says Shah.

DAILY VOICE | We are overweight on financials, industrials and materials: Amish Shah of BofA Securities

Shah is UW on IT, Energy, Discretionary sectors. IT has reported good earnings in recent results, but we think that valuations now already price that in.

SEB reform long term positive for power cos: Credit Suisse

With the central government set to come out with a financial package for loss-making state electricity boards, Amish Shah of Credit Suisse feels the move will help power generators improve their working capital cycle as they can now hope for timely payments from their customers (state electricity boards).