These few money managers have the right emphasis on fundamentals, willingness to turn contrarian, with a longer-term view in sight, said Morningstar.
Bhan’s ability to pick fundamentally sound stocks and understand long-term trends has benefited the fund
The fund has maintained a higher-duration strategy largely through government securities/state development loans
With 24X7 news coverage, we are bombarded with updates on events which may not hold any significant impact on our portfolios, except for the short term.
Through the quarter they garnered net assets worth USD 2.6 billion, higher than the net inflow of USD 2.0 billion they had received in the previous quarter.
Morningstar believes ICICI Prudential Value Discovery Fund has the wherewithal to outperform its benchmark index over the long term.
Investors should tread cautiously, and buy on dips. Keep an eye on valuations.
Kaustubh Belapurkar, Director-Manager, Research, Morningstar India, believes that mid and small caps funds, which have outperformed large caps by a great extent in the last 3-5 years, have returned better value for investors, depending on risk profile.
Asset quality weakened in December quarter but it was better compared to peers. Gross non-performing assets (NPA) increased 95 basis points QoQ and 20 bps YoY to 5.1 percent and net NPA rose 75 bps QoQ and 9 bps YoY to 2.89 percent in Q3.
The stock might be at negatively in opening trade but the fact that the overall sentiment is improving in terms of economic sentiments and given the fact that the order book continues to stay very strong, there will be a onetime reaction,†says Kunal Sheth of Prabhudas Liladher.
Piyush Jain, equity research analyst, Morningstar India believes the fresh order inflow number is encouraging. But it needs to be seen whether the greenshoots are showing on the domestic side, he adds.
Vaibhav Agrawal – vice-president, research banking - Angel Broking is disappointed with the bank‘s asset quality. The increase in gross and net non-performing assets are well above what he was factoring in.
Cigarette-hotel-to-FMCG major ITC missed street expectations on topline as well as bottomline front in the third quarter.
FMCG major Hindustan Unilever‘s third quarter net profit jumped 17.9 percent year-on-year to Rs 1,252 crore, mainly led by income from land sale.
The Morningstar Investment Conference held recently saw a few of India‘s top fund managers take the stage in an interaction to discuss their outlook on stocks, markets and investing.
Suruchi Jain, equity research analyst, Morningstar India says SBI's profit after tax is up 30%, NPA is flat and most slippages on infrastructure book has already happened and hence things should improve from hereon.
Andrew Lill of Morningstar India expects commodity prices to fall further
Larsen & Toubro‘s second quarter earnings were a mixed bag with revenues being ahead while hydrocarbon and metallurgical segments coming in as a disappointment, according to Morningstar India‘s equity research analyst Piyush Jain.
Mangesh Bhadang, Research Analyst, Quant Capital is a tad disappointed on the topline and PAT front and see limited upside for the stock. He would buy on dips and advices current investors to hold on.
IDFC has registered a fall of 13 percent in its consolidated second quarter net profit at Rs 421.4 crore against Rs 486.7 crore, Y-o-Y.
Jignesh Shial of IDBI Capital Markets wants to hear the management commentary on the kind of corporate loan pickup the bank is seeing.
In an interview with CNBC-TV18‘s Nigel D‘Souza and Reema Tendulkar, Naveen Kulkarni, Co-Head-Research, PhillipCapital, termed the revenue growth as “impressive†and said he may revise earnings-per-share estimates for the firm slightly higher.
Vicky Mehta of Morningstar India discusses about five common investment mistakes to be avoided in daily life.
BSE Ltd, in collaboration with Morningstar India, today launched a website to empower investors with relevant information and tools on evaluating mutual fund (MF) investment opportunities.