Nitin Raheja, CIO, Rada Advisors, says it is difficult to take a call on which direction the market is going and so once again the focus should be back on bottom-up stock picking.
Indian markets have settled down in a slightly higher range compared to 6800-7500, following the recent volatility, even as global macros continue to remain worrying, says Nitin Raheha of AQF Advisors.
In an interview to CNBC-TV18 Nitin Raheja, co-founder, AQF Advisors shares his views on the market and specific stocks going ahead.
According to Nitin Raheja of AQF Advisors, one may stay away from cement space.
Nitin Raheja of AQF Advisors has a negative view on the aviation space.
Nitin Raheja, founder of ADF Advisors likes KPIT Technologies and Tech Mahindra within the midcap IT space. He also likes rating agency CARE.
According to Nitin Raheja, Director of AQF Advisors, RGESS is a good beginning for people because the kind of tax benefit that one is getting itself adds to your return on day one as such.
According to Nitin Raheja, Director of AQF Advisors it is a function of what you are investing in and what valuation you are investing in. So if markets are terrible you might actually get a great company IPO coming at that time and presenting an opportunity.
According to Nitin Raheja, Director of AQF Advisors, If you have a lot of time in your hands and if you are doing this as a full fledged focused area of venture then you need to give a sizeable amount of time because then you are doing it for yourself.
According to Nitin Raheja, Director of AQF Advisors, you require a broking account, which helps you for execution and you require a demat account where your stocks will be lying for you as such.
According to Nitin Raheja, Director of AQF Advisors, you would get periods where equities overvalue themselves and periods where they undervalue themselves.
CNBC-TV18 caught up with Nitin Raheja, Director, AQF Advisors to find out how investors can run with the bulls and the bears.
Nitin Raheja of AQF Advisors suggests to pick ITC.
Nitin Raheja of AQF Advisors is underweight on the cement space. "There is a slowdown that is starting to show up even more in cement now and all companies are being forced to cut prices, he adds.
Nitin Raheja of AQF Advisors recommends holding Sesa Goa. "Besides the merger, there might be a look at the mining ban that has taken place, which could be very positive for the company," he adds.
In an interview to CNBC-TV18, Nitin Raheja of Rada Advisors says there is a clear trend of economic recovery and improving sentiments. "I think the worst is behind us."
Nitin Raheja of AQS Advisors explains to CNBC-TV18 that the current IIP statistic needs to be discounted of the Diwali effect before the actual growth in manufacturing can be considered. He adds that the earnings indicate corporate India‘s ability to tide over the downtrend and post positive results.
Putting aside all hopes of a revival, the September index of industrial production (IIP) slipped to a negative 0.4%, disappointing the market to a large extent. Nitin Raheja of Rada Advisors feels the market is now waiting for fresh cues and further impetus to take it forward.
Nitin Raheja, CIO, AQF Advisors explains to CNBC-TV18 that the macro-economic situation will be confusing till the effect of the reforms sinks in. He advises investors to bet on interesting opportunities in the pharma and the auto sectors.
Tata Motors and M&M are top picks in auto space, says Nitin Raheja, CIO, AQF Advisors.
Informed Investor, the special show on CNBC-TV18 organized in association with the National Stock Exchange brings together Nitin Raheja of AQF Advisors and Hemant Rustagi of WiseInvest Advisors to answer investor queries.
Looking at the choppy markets at this point of time, Nitin Raheja, CIO of Rada Advisors believes the market is trading in a range. With the macros not looking too good, he does not expect the scenario to change dramatically overnight.
Nitin Raheja, CIO, Rada Advisors advice traders to stay invested in HUL and Asian Paints.
Despite the underperformance of the Indian markets with respect to global markets, Nitin Raheja, CIO, Rada Advisors feels that it is holding well. The rupee too is trading at a 4-month low and Raheja believes the negative FII flows have affected it.
MindTree and HCL Tech are good bets in midcap IT names, says Nitin Raheja, CIO, Rada Advisors.