Author: India

The European Central Bank (ECB) on September 8 raised its policy rates by an unprecedented 75 basis points to deal with inflation in the continent. Another similar hike may also be in the offing during the next policy meeting, the central bank hinted. Mihir Vora, Director and Chief Investment Officer at Max Life Insurance (File […]

Brokerage house Prabhudas Lilladher believes India is on the verge of a big capex cycle recovery, which will play out in the next few years. Despite big spending from the government on infrastructure development, there has not been a typical industrials-led capex cycle in the last several years, the 2003-08 cycle was led by power and […]

Lohchab said he is positive on large banks, echoing many others including those at Morgan Stanley that rerated the entire banking sector earlier this week. He said he prefers ICICI Bank, Axis Bank and SBI among them. He is also positive on NBFCs like Chola Finance. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ […]

The NSE Nifty 50 index was up 0.84 percent or 149 points at 17,773, while the S&P BSE Sensex rose 0.92 percent or 540 points to 59,570. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ // $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); // $ (‘.arw_green’).removeClass(“arw_green”).addClass(“arw_red”); //} if(resData[stkKey][‘percentchange’] >= 0){ $ […]

Santosh Joseph is the Founder and Managing Partner at Germinate Investor Service LLP. Santosh Joseph of Germinate Investor Services LLP believes the domestic consumption story is definitely going to be a multi-decade play even now from here and it is a great opportunity that one cannot miss out. As income levels rise and as more […]

What has surprised some money managers is that the credit growth has jumped in India when global issues have resurfaced, and a global economic slowdown looks imminent. That means, Indian lenders are bucking the global trend. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ // $ […]

Kotak Institutional Equities believes the theory is far from the truth and investors like what they see or only see what they like ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ // $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); // $ (‘.arw_green’).removeClass(“arw_green”).addClass(“arw_red”); //} if(resData[stkKey][‘percentchange’] >= 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ […]

IIFL Securities believes bank will do well in the coming quarters as balance sheets are much stronger than what they were before Covid, corporate balance sheets have had matching improvements in strength, credit growth is beginning to accelerate, gross non-performing assets ratios are trending down, P&L provision load is rapidly reducing, R Venkataraman says in […]

Divam Sharma is the Founder of Green Portfolio This seems to be a year of consolidation for the IT sector as the economic slowdown and potential recession in some of the developed nations will impact the sentiments and order flows for the industry, says Divam Sharma of Green Portfolio in an interview to Moneycontrol. The […]

Representative image India is benefitting from the TINA (there is no alternative) factor, says Mahesh Nandurkar, India Strategist at Jefferies, as foreign investors make a comeback to the market after relentless selling until June 2022. “Market momentum is strong, aided by robust FII (foreign institutional investment) inflows. But, investors need to differentiate between market movement […]

The expected diversified supply chains globally, secular uptick in energy and defence spending over the next few years, and significant growth in travel & leisure are the three key areas catalysing global growth in the years ahead, says Anshul Saigal of Kotak Mahindra Asset Management Company in an interview to Moneycontrol. India’s GDP growth is […]

Despite factoring in for some downside risks, the earnings trend is expected to stay relatively healthy for most sectors, Venkatesh Sanjeevi of Franklin Templeton India AMC told Moneycontrol in an interview. Key sectors contributing to earnings growth could include banks, auto, capital goods, and consumer, says the Vice President & Portfolio Manager – Emerging Markets […]

Anil Rego of Right Horizons India is fundamentally positioned better compared to global peers in facing uncertainties and exploiting the growth opportunities presented, says Anil Rego of Right Horizons PMS in an interview to Moneycontrol. The seasoned investor of over three decades, following a contrarian style, believes a deleveraged corporate sector and a well-capitalised and […]

Surjitt Singh Arora, the Portfolio Manager at PGIM India, said they are cautious on the export-oriented sectors or companies given the concerns of recession both in US and in Europe. Hence, PGIM prefers domestic sectors due to healthy growth points such as credit growth, personal loan growth, GST collections, auto sales, or IIP data. Surjitt, who has […]

Anil Sarin is the CIO at Centrum PMS. One has to look at mid-cap and small-cap space individually, instead of focusing on headline valuation, says Anil Sarin of Centrum PMS as many sectors and segments are in a growth phase and their valuations still appears favourable compared to their medium-term earnings growth potential. The Chief […]

“Be careful who you call friends. I’d rather have 4 quarters than 100 pennies.” ~ Al Capone. This is perhaps also true about investing in stocks, or at least that’s what can be inferred from the experiences of Prashant Jain, who is dubbed the Peter Lynch of India and was chief investment officer at HDFC Mutual Fund […]

Varun Lohchab is the Head of Institutional Research at HDFC Securities. HDFC Securities believes private sector capex is on the cusp of a pickup, aided by a confluence of multiple enablers such as deleveraged corporate balance sheets and healthy profitability, well-capitalised banking system with NPA (non-performing asset) cycle over, rising domestic demand, mid-cycle capacity utilisation, and interest […]

Some of the PSU stocks, especially from the defence space – Bharat Electronics, Bharat Dynamics, and Hindustan Aeronautics – have gained 80-120 percent in the last one year. The rally has also spilled over into PSU banks and energy names. (Image credit: Suneesh Kalarickal) ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // […]