The primary risk of COVID has re-surfaced again which will prompt the RBI to keep an accommodative stance in the April meet and ensure any premature withdrawal of liquidity doesn’t send a wrong message to the market, says Maheshwari.
There is no doubt that the Indian equity market is in a structural bull market that has the potential to create wealth for investors is the word coming in from Vikas Khemani, President & CEO, Edelweiss Securities.
Valuation in the information technology sector is favourable but challenges in terms of earnings and uncertainty on Trump‘s policies make them good picks only on bad days, says Nischal Maheshwari, Head - Institutional Equities at Edelweiss Securities.
Speaking to CNBC-TV18 Nischal Maheshwari of Edelweiss Securities said that he was more worried about what is happening around the world as India‘s pain from demonetisation is a short-lived affair.
“In the current quarter, earnings will surprise people,†says Nischal Maheshwari of Edelweiss Securities on CNBC-TV18‘s special show Quarter Se Quarter Tak. Topline and bottomline both are expected to imprive by 6-7 percent after 6-7 flat quarters, he adds.
Nischal Maheshwari of Edelweiss Securities believes valuations are currently stretched and global events lined up over the next few months like US Presidential elections, Federal Open Market Committee (FOMC) meetings, among others could prove to be impediments for markets to hit new highs soon.
Maheswari says ICICI Bank has reported good numbers in the first quarter. He does not see further pressure on asset quality for ICICI Bank. The bank saw good growth in retail but a muted growth in corporate business. He sees a limited downside on ICICI Bank.
CNBC-TV18's Sonia Shenoy and Anuj Singhal spoke to a panel of guests on their expectations from first quarter earnings. They gave their views and outlook on a range of sectors from cement, capital goods to pharma. Here are their views.
Nischal Maheshwari, Head - Institutional Equities at Edelweiss Securities is of the veiw that Infosys is the safest bet from the IT space and recommends buying the stock.
Nischal Maheshwari, Head - Institutional Equities at Edelweiss Securities has a positive view on oil marketing companies and feels that the stocks can give 20-25 percent kind of return from these levels.
Engineering and procurement construction (EPC) business has been growing on the back of government orders, says Nischal Maheshwari, Head of Institutional Equities, Edelweiss Securities, adding, this uptick in the construction sector will trickle down to capital goods, further enthusing the market and economy there on.
Old bellwether stocks like Infosys, HDFC Bank and remain a favourite and metals remain a complete 'avoid' across the board, said Nischal Maheshwari, Head-Institutional Equities Edelweiss Securities.
Nischal Maheshwari, head — institutional equities at Edelweiss Securities, says South East Asia is seeing a lot of redemption pressure, but India is in a much better position
The 3.9 percent fiscal deficit target for FY16, reiterated by the government today, seems like an uphill task and unlikely to be achieved, says Nischal Maheshwari, Co-Head, Institutional Equities and Head-Research at Edelweiss Securities
Going ahead, Nischal Maheshwari of Edelweiss Securities believes the consumption space — especially autos — will recover first as the economy proceeds towards the recovery phase
In an interview to CNBC-TV18, Nischal Maheshwari, Co-Head, Institutional Equities & Head-Research at Edelweiss Securities shared his readings and outlook on the upcoming earning season.
Going forward from a 12-18 month perspective Nischal Maheshwari, Head of Institutional Equities at Edelweiss Securities expects a 12-15 percent upside for the market.
Nischal Maheshwari of Edelweiss Securities likes State Bank of India (SBI) and Bank of Baroda (BoB) in Nifty and Indusind Bank and Yes Bank apart from the Nifty banks.
Nischal Maheshwari, Head-Research at Edelweiss Securities is of the view that one may prefer Sun Pharmaceutical Industries as the stock is down almost 15 percent.
Nischal Maheshwari, Head-Research at Edelweiss Securities is of the view that one may pick IT stocks on reaction and has a positive outlook in the sector.
The earnings season is widely expected to be subdued this quarter. Weak rural demand, contraction in government spending and cross currency headwinds look like the major culprits behind the slowdown in corporate earnings.
In an interview to CNBC-TV18, Jai Bala of cashthechaos.com and Nischal Maheshwari, head-research, Edelweiss Capital share their views on the market.
Nischal Maheshwari - Head - Research at Edelweiss Capital recommends buying UltraTech Cement and Axis Bank.
Nischal Maheshwari - Head - Research at Edelweiss Capital is of the view that one may prefer Dewan Housing Finance, JK Lakshmi Cement and Mahindra and Mahindra.
Nischal Maheshwari - Head - Research at Edelweiss Capital is of the view that Maruti Suzuki, Tata Motors and M&M are the top picks.