CUB’s stock has corrected 35 percent from the peak and is now trading closer to its 52-week low price
Return ratios will be under pressure due to elevated need for working capital
Siddharth Purohit of Angel Broking is upbeat on the stock going forward because the bank has all the ingredients of becoming a meaningful player.
Confident of maintaining 28 percent year-on-year revenue growth and 36 percent EBIT growth, said Anand Agarwal, CEO and Director, Sterlite Technologies.
Singh said that the earnings season so far has been better-than-expected with positive surprises outnumbering negative ones. However, he cautioned that earnings upgrades were unlikely for the next six months.
Given that the fundamentals of Indian market have still not changed and the current market rally is driven by fall in commodity prices, it may not sustain, believes Gautam Trivedi, MD & Head of Equities-India, Religare Capital Markets.
Vikram Kailas, 32 year old management graduate from Yale set up what he claims as India‘s largest independent wind power producer Mytrah Energy.