In an interview to CNBC-TV18's Sonia Shenoy & Reema Tendulkar, Varun Lohchab, MD & Head of Research at Religare Capital Markets, Abneesh Roy, Associate Director at Edelweiss Securities and Amnish Aggarwal, Senior VP-Research at Prabhudas Lilladher did review FMCG space for 2016 and how 2017 will pan out for the sector.
Shares of Bharat Financial Inclusion, the micro lender, fell nearly 9 percent as collection efficiency remained lower and disbursements declined after demonetisation.
Unless currency disbursements improve and liquidity returns to the system quickly, the impact of demonetisation on economy and corporate performance could be much more severe than anticipated; that is the feedback from a survey done Religare Capital Markets through a road-trip that concluded recently.
CNBC-TV18's Archana Shukla gives a ground reality check on demonetisation and its impact on the rural agriculture space in Indore.
The Reserve Bank of India (RBI) hiked the cash reserve ratio (CRR), the percentage of cash deposits that banks have to maintain with RBI â€“ at 100% of the deposits (NDTL) accrued between September 16 and November 11 as incremental cash reserve ratio.
CNBC-TV18 and Religare Capital Markets have gone on to The Great India Road Trip starting from Maharashtra. Watch accompanying video of the conversation that Archana Shukla had with Gautam Trivedi of Religare Capital Markets.
Most investors agree that the move is great step in tackling black money. However, it is likely to induce a short-term pain in the next few quarters, said Gautam Trivedi of Religare Capital Markets.
Varun Lohchab, MD & Head, Research at Religare Capital Markets said that within the consume sector, it seems the new GST rates will be positive for ITC. For other FMCG items, it would depend on what slabs under which goods fall.
The combination of factors such as passage of Goods and Services Tax, implementation of Seventh Pay Commission, besides a good monsoon and the central bank cutting rates is likely to trigger earnings recovery for companies going ahead, according to Gautam Trivedi, Managing Director and Chief Executive of Religare Capital Markets.
Lupin on Wednesday received preliminary approval from the US FDA to market a generic equivalent of GlaxoSmithKline Plc‘s ViiV Healthcare‘s (ViiV) antiretroviral (ARV) Lexiva tablets in 700 milligram dosage form. This product was filed from the company's Goa plant which has run into a problem with the US FDA
Gautam Trivedi of Religare Capital Markets said a good monsoon, the rollout of the Pay Commission hike, passage of GST Bill and the appointment of the new Reserve Bank governor will be a positive.
Mihir Jhaveri, Auto Analyst at Religare Capital Markets gave his trading ideas in the auto industry.
In an interview with CNBC-TV18, Mihir Jhaveri, Auto Analyst, Religare Capital Markets, gave his take on May auto sales data that came out yesterday.
While Religare Capital Markets retains a hold call on Lupin, Geojit BNP Paribas retains its buy call on the stock. Geojit says it will revise its call should resolution of issues at Goa plant take more than six months.
Central transfers to states fell from 6.6 percent of gross domestic product in FY15 to 6.3 percent in FY16 â€” which is surprising especially after the FCC increased the states' share of central taxes
While there is demand in the cement sector, there isn't a comparable pick-up seen in metals, says Pritesh Jani of Religare Capital Markets.
Despite the 10 percent year-on-year (YoY) growth in February, the rally in iron ore prices is likely to fizzle out soon, feels Pritesh Jani, Director - Institutional Research (Metal Analyst), Religare Capital Markets.
Parag Jariwala, VP â€” institutional research, banking and financial services, Religare Capital Markets, gives his views on the banking sector.
Watch the interview of Mihir Jhaveri of Religare Capital Markets with Anuj Singhal and Ekta Batra on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Across India there has been correction in prices in the west, central, eastern and northern markets and demand to is feeble. So, Q3 will see a 2-3 percent decline in prices, says Mihir Jhaveri of Religare Capital Markets.
According to Arun Baid, Vice President-Research at Religare Capital Markets, one may look at V-Mart Retail.
Arun Baid, Vice President-Research at Religare Capital Markets is of the view that one may look at Somany Ceramics.
Arun Baid, Vice President-Research at Religare Capital Markets is bullish on Mayur Uniquoters and feels that the stock can grow at 15-20 percent.
According to Gautam Trivedi, MD & CEO, Religare Capital Markets companies like Shemaroo Entertainment, which has got lot of video content and Saregama India with lot of audio content of songs will gain hugely from 4G penetration going forward.
Telcos will have to invest in data spectrum and data networks, thus wanting capital release from asset sales, says Rumit Dugar, director-India TMT Research, Religare Capital Markets. He also says, at the margin it will reduce stress on the balancesheets of the companies.