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The company was accused of closely facilitating misuse of the app by the BJP.
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Devesh Kumar of CIMB Securities India Limited says near-term earnings will not give any positive surprise, but it should be looked at from a 1-2 years perspective.
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While FIIs will invest into the market post the state election results, the real money will be committed only post the general elections, says Devesh Kumar of CIMB Securities. He adds that atleast one third of the investors will increase thrie exposure to India if the BJP comes to power.
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India has been following a tight monetary policy over the last few years, says Devesh Kumar, India Head, CIMB. He says wherever interest rate impact is low; they all will come into trouble. This includes consumer, pharma and technology.
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Given the recent strong upmove in Indian equities, Devesh Kumar, India Head - CIMB believes that the market is in an early stage of a bull run. However, he feels there is no point being too euphoric at this point of time.
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Devesh Kumar, Head of Equities, RBS India is betting big as he is expecting around 15-20% gain over this year with the Sensex touching 19,500-20,000.
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Devesh Kumar of RBS feels that 2012 will not bring in any good news either. In an interview to CNBC-TV18, Kumar said that the market is likely to be remain subdued in the first half of 2012.
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In an uncertain market condition, look at companies where “the worst fears have been priced in”. This is the mantra for fresh stock buying in choppy market conditions; by Devesh Kumar, MD & Head – Equities, RBS Equities India. The macro economic situation will be looking better than what they are today in the next two quarters from now.
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Blame it on the Greece woes or the very recent Moody's downgrade of SBI, Indian market has been pounded into pulp. Experts fear that this is not the end and market will soon some more.
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Devesh Kumar, Head of Equities, RBS India is underweight on metals.
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Tepid results from across sectors have kept the market in a range, shooing foreign investors from putting in money here. And the scene is unlikely to change anytime soon. In an interview on CNBC-TV18, Devesh Kumar, head of equities at RBS India said the market would be in shock from the results for the next two weeks.
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Enter banking stocks, says Devesh Kumar, Head of Equities, RBS India.
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In an interview with CNBC-TV18, Devesh Kumar, Head of Equities, RBS India said the market is going to remain rangebound.
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There is no downside in oil & gas space from these levels, says Devesh Kumar, Head of Equities, RBS India.
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Some upside in two wheelers space, says Devesh Kumar, Head of Equities, RBS India.
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Speaking to CNBC-TV18, Devesh Kumar, Head of Equities at RBS India, said that the market will witness a slightly muted rally, which will continue for next three to six months. If any positive news comes in on oil front or inflation, it will prove as a positive trigger for the market.
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The Royal Bank of Scotland Group (RBS) on Tuesday announced the appointment of Devesh Kumar as Head of Equities, India, in a further move to grow the equities business in the country and the region.
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Devesh Kumar, Fortune Financial says that the market should bottom out at around 17,000 levels. “We feel that this quarter the market will find its bottom and recovery will be there,” he adds.
