Ajay Srivastava of Dimensions Consulting feels the earnings trajectory could determine the direction in which the market will move going forward. He is positive on oil marketing companies.
Ajay Srivastava, CEO at Dimensions Consulting, is of the opinion that the rally that led to the 52-week high is purely due to liquidity in the market.
Ajay Srivastava of Dimensions Consulting told CNBC-TV18 that the economy is likely to contract for next few quarters and political agenda will rule the global markets.
Bond portfolio is the one that has done well over last few days. Bonds diminished the pain in equities, Ajay Srivastava of Dimensions Consulting said adding that a 9-10 percent returns in bonds are expected in next 9 months.
Speaking to CNBC-TV18 on the development, Ajay Srivastava of Dimensions Consulting advised that investors should avoid consumer and capital goods sector and instead look at stocks like liquour and pharma companies operating in niche space such as Syngene International.
The domestic market will continue to move up as long as international markets remain stable. The recent liquidity rush will continue into emerging markets, says Ajay Srivastava, CEO of Dimensions Consulting.
Stating that there was a "disconnect between the stock market and the ground reality", market expert Ajay Srivastava says recent gains in the market have been led by liquidity and the disconnect makes it important to keep booking profits.
Ajay Srivastava, CEO of Dimensions Consulting is of the view that one may buy Asian Paints.
Ajay Srivastava, CEO of Dimensions Consulting is of the view that one may buy oil marketing companies.
Market rally seen in last few months was largely due to global cues, says Ajay Srivastava, CEO of Dimensions Consulting.
Ajay Srivastava, CEO, Dimensions Consulting says there has not been much of fresh investments into Indian equities based on conviction about fundamentals. He expects March quarter earnings to be lacklustre, but says the market has already factored it in
Ajay Srivastava, CEO, Dimensions Consulting, cautions against going short on other sectors though fourth quarter numbers in most cases are expected to worse than the third quarter numbers. That is because there is too much liquidity in the system right now forcing share prices higher in the short term irrespective of fundamentals
Ajay Srivastava of Dimensions Consulting has a word of caution amid the ongoing rally: the bounceback may have some more legs to go but till economic fundamentals solidly change, investors must be cautious to not over invest.
Loan origination itself is fundamentally flawed as the promoter gets one bank on board and others follow suit. There is no independent analysis in most cases and banks rely on lead bank recommendations and find comfort in many.
According to Ajay Srivastava, CEO, Dimensions Consulting, a key concern for the market is the lack of leadership. He says many midcaps are doing much better operationally, compared to the large caps, which are floundering at the moment.
Ajay Srivastava, CEO of Dimensions Consulting says the PSU bank numbers point to one serious issue â€” should there even be a recovery, what will be the process of funding it
Watch accompanying videos of Investor Camp which held at Jaipur in which Udayan Mukherjee of CNBC-TV18 and Ajay Srivastava of Dimensions Consulting shared their readings and outlook on the market and what lies more in the future.
Ajay Srivastava, CEO at Dimensions Consulting is of the view that one may prefer pharma stocks with long term view.
The 'Big Day' will certainly have a tremendous amount of impact on Indian market and here is how the market experts analyse the same.
The worse thing is all the beaten down, highly-leveraged stocks had a party this year, thanks to the Reserve Bank's benign view on NPAs and the 'most obnoxious' legislation called the 5:25 scheme, says Ajay Srivastava, CEO of Dimensions Consulting
Deepak Shenoy of Capitalmind.in says what can be more auspicious than stocks trading at a low. However, Ajay Srivastava of Dimensions Consulting has a contrarian view, and says it is not a good buying opportunity, though it continues to remain a bull market.
"Companies like Jaiprakash Associates, GMR Infrastructure, Lanco Infratech, among others, which are by and large fully bankrupt companies, are the star leaders in this run up to this thing. It tells you what the quality of this rally is going to be," says Ajay Srivastava, CEO of Dimensions Consulting
"The quality of the rally is a little worrying as beaten down names such as Jaiprakash and Lanco Infra are the stars of this rally," says Ajay Srivastava, CEO of Dimensions Consulting
The retail investors are far more circumspect now and if this rally gets sold into, it will be very difficult to get them back
Srivastava feels the Indian market will struggle as long as the mood in global markets remain bearish.