Mahesh Nandurkar

Nandurkar sees the best risk-reward in lenders—banks and lending NBFCs, largely driven by their discounted valuations. He also remains optimistic on power, autos, real estate, and discretionary consumption plays.

Banks offer best risk-reward, IT stocks still expensive: Jefferies’ Mahesh Nandurkar

Given the broader market’s correction, with over 100 stocks trading below their long-term averages, Mahesh sees little reason to chase IT stocks at current levels.

Market correction likely over as fundamentals turn favorable: Jefferies’ Mahesh Nandurkar

With the Reserve Bank of India now focusing on improving liquidity, Nandurkar believes the worst of the slowdown is over.

Mid and small caps may take a breather post election outcome, says Jefferies' Mahesh Nandurkar

For FY25 and FY26, Jefferies' Mahesh Nandurkar said he is looking at corporate earnings growth to be around 12-13 percent.

Jefferies' Mahesh Nandurkar remains bullish on IT sector

The bullishness stems from the recent commentary from Infosys and TCS on strong hirings and the revenue visibility, Nandurkar has said

CLSA remains overweight on India, expects 10-12% return in 12 months

The S&P BSE Sensex rose a little over 18 percent so far in the year 2017 and history suggest that correction in Indian market were largely a result of some global factors.

CLSA sees subdued June quarter numbers for most biz after GST implementation

CLSA believes business financials will begin to normalise from the September quarter post GST.

Likely increase in farm loan waivers to dampen sentiment on PSU banks, NBFCs: CLSA

Assuming these are staggered over five years, the annual rise in consolidated fiscal deficit works out to 25 bps of GDP, CLSA said.

Raise FY18 Nifty target to 10,000, FII flows should remain conducive: CLSA

CLSA believes FII flows should remain conducive as India's relative performance has also improved.

Expect FY18 Nifty earnings growth at 17%, add HCL Tech: CLSA

Mahesh Nandurkar of CLSA expects FY18 Nifty earnings growth of 17 percent with small downside risk due to margin concern.

See mkt uncertainty on Budget, GST, state polls: Morgan Stanley

Ridham Desai of Morgan Stanley says there is a high level of uncertainty caused by the currency exchange, the upcoming Union Budget, general anti-avoidance rule (GAAR) and GST implementation, impending state elections, and flux in US policy.

India expensive at current levels; like durables, banks: CLSA

The optimism around US economy's growth and a strengthening dollar are signs that IT companies are going to give out a stellar performance in the long-term, says Mahesh Nandurkar, India Strategist at CLSA.

Capital gains tax change may impact sentiment for equities: CLSA

Mahesh Nandurkar of CLSA says a change in the definition of 'long term' for capital gains tax could impact sentiment for equities.

Double-digit earnings growth possible in FY17, FY18: CLSA

Tailwinds in the next couple of quarters from reasonably good monsoons and low base effect in the banking space should help in 12-14 percent earnings growth in FY17, Mahesh Nandurkar of CLSA.

See volatility, continue to buy on dips; HDFC top pick: Experts

Surendra Goyal of Citigroup feels volatility could continue in the near term. Unless Pakistani forces take an aggressive stance, this dip will be prove to be a buying opportunity, Mahesh Nandurkar of CLSA says.

Remain overweight on India; HDFC, Maruti, ACC top ideas: CLSA

Mahesh Nandurkar of CLSA says India continues to be an overweight market for international investors but to a lesser extent compared to 12 months ago.

Liquidity to play key role in valuations, adds InterGlobe: CLSA

The brokerage house has added InterGlobe Aviation as a discretionary consumption play as its efficient, low cost and low capital intensity aviation model with return on equity of over 50 percent makes the stock attractive at a 20x CY18 PE.

Market to move on global liquidity cues: CLSA

In our model portfolio, we reduce Grasim and Infosys and add Ambuja Cement and Bank of Baroda, says Mahesh Nandurkar of CLSA.

GST is complex, near-term disruptions likely on rollout: Pros

The Finance Ministry will soon move the Cabinet with changes in the GST Constitutional Amendment Bill providing for full compensation to states for the first five years of roll-out of the new indirect tax regime.

Standard GST rate of 20% or more will dampen market mood: CLSA

If the standard rate is 17-18 percent, the market will stay excited about GST, says Mahesh Nandurkar, India Strategist, CLSA. But if the standard rate is 20 percent or higher, the enthusiasm over GST will die down, he says.

Valuations stretched but mkt will stay afloat on liquidity: CLSA

CLSA India Strategist Mahesh Nandurkar says that given the easy liquidity situation, the market screen is likely to stay green.

Expect new RBI Guv to be dovish, cuts exposure to Infosys: CLSA

According to Mahesh Nandurkar of CLSA, the new RBI governor is expected to be dovish and the Government is also expected to pursue an easier fiscal policy.

Risk of more downgrades to earnings estimates remains high: CLSA

"Although a low base would help earnings growth reach double digits from September 2017, risk of further downgrades to consensus earnings estimates remains high, Mahesh Nandurkar of CLSA says.

Monsoon may help rural economy add 0.5-1% to GDP: CLSA

According to Mahesh Nandurkar of CLSA, the rural economy should receive a welcome boost as a result and can potentially drive a 0.5-1 percent GDP impact, though a lot will depend on the spatial and temporal distribution of rainfall.

See 100 bps growth in cos' Q4 margin, 15% growth in FY17: CLSA

Mahesh Nandurkar of CLSA feels an earnings decline of 2 percent YoY in FY16 is likely to improve to 15 percent growth in FY17, helped by a low base. Earnings growth pick-up should be visible from the September 2016 quarter onwards, he says.