When the corporate tax rate cuts took place, the top quality private sector banks and the top consumer plays disproportionately rallied and that will stay with tone and tenor of companies benefiting from liberalisation announcements over the next 12 months, said Mukherjea.
Indian market is still around 10 percent overvalued at the market level, Mukherjea said.
You don’t have to look too far to figure out the template for success. Breaking things in Silicon Valley is all fine, but not at the cost of burning out your body and mind.
Moneycontrol's Coffee Can Investing is back with its second season as Navneet Munot of SBI Mutual Fund reveals his secrets
Watch Mahesh Patil of Aditya Birla Sun Life Mutual Fund discuss the start of his journey in the stock market and investors who shaped his strategies over the years in this episode of Coffee Can Investing
In this episode of Coffee Can Investing, Manish Gunwani, CIO of Equity Assets at Reliance Mutual Fund talks to Saurabh Mukherjea about his journey into the market and how he managed to master the art of investing
Watch Bharat Shah, Executive Director at ASK Group, discuss his investing mantra with Saurabh Mukherjea in this episode of Coffee Can Investing.
Commenting on the recent fall which was largely led by liquidity fears, he said that the RBI did manage to calm the markets, but the BFSI space still looks overvalued.
In this episode of Coffee Can Investing, Saurabh Mukherjea talks to Kenneth Andrade, Founder and Chief Investment Officer of Old Bridge Capital about his journey in the financial markets and his investment style.
In the second episode of Coffee Can Investing, Samit Vartak, founder and chief investment officer of SageOne Investment Advisors tells Saurabh Mukherjea about his life’s journey so far and the filters he applies when selecting a stock to invest in.
In the inaugural episode of Coffee Can Investing series, Saurabh Mukherjea talks to Sankaran Naren, Chief Investment Officer of ICICI Prudential Mutual.
Going forward, a key driver which will drive markets will be liquidity. Liquidity not just globally but in India as well liquidity is getting tighter, highlights Mukherjea.
Supply growth over the past few years has been muted as is evident from the fall in the number of properties sold and the drop in the number of projects launched.
For the first time, North India does not have a political giant. Modi’s dominance of Indian politics has been made possible, in part, due to the absence of a powerhouse politician from the Hindi speaking belt.
India is the only significant democracy in the world with First Past the Post (FPTP) elections in which a multitude of parties feature. In the rest of the world, democracies:
There are other storm clouds as well building up as well, which Mukherjea feels the markets could be underestimating.
The S&P BSE Sensex, which is trading at a price-to-equity ratio of 21.99x and a price to book of 2.92, hit a fresh record high of 30,712.35 last week. The valuations have moved beyond the comfort levels and even foreign investors are placing their bets on speculative stocks, Saurabh Mukherjea, of Ambit Capital said in an interview with CNBC-TV18.
The euphoria is hard to miss but there's another factor that investors should not ignore - hope.
Recovery in PSU banks will be dependent on credit growth which in turn is dependent on economic recovery.
Saurabh Mukherjea, CEO, Ambit Capital believes the economic weakness and the rally against is making it uncomfortable to chase the rally. He believes IT and pharma have a few stocks with attractive valuations even if both the sectors are seeing some pressure.
India is staring at an imminent jobs crisis as three leading service sectors â€” which have been engines of job creation for two decades now â€” get ready to shed jobs by the tens of thousands, each driven by its own dynamic.
The market continues to inch up relentlessly with support from domestic fund flows, but Saurabh Mukherjea of Ambit Capital is circumspect considering the visible underlying macro weakness.
Prevailing conditions aren‘t conducive for a big rally in the markets in the short term, Saurabh Mukherjea told CNBC-TV18. The brokerage house had in November scrapped its FY17 Sensex target of 29,500 in view of the government‘s demonetisation drive. Ambit Capital‘s FY18 Sensex target stands at 29,000.
Saurabh Mukherjea of Ambit Capital shook the world when he said it is a contracting gross domestic product (GDP) for the current year and now he says the evidence that emerged in the last few days validates the point that the economy is under pressure.
Speaking to CNBC-TV18 Saurabh Mukherjea of Ambit Capital said that we have been accused of saying a lot of things that are thought of as sensational but facts and subsequent events have borne them out.