Author: India

Stocks continue to be very expensive, even as the market is seeing a normalisation. As people move to fixed income, the incremental money flows are slowing down, said Ajay Srivastava, CEO of Dimensions Corporate Finance Services, while speaking with CNBC-TV18 in an exclusive conversation. He recommended investors balance their portfolios and get into fixed-income segments. “Non-MNC […]

Harish Krishnan of Kotak Mahindra Asset Management Company “We do think, it is more likely to be a soft landing in the US, given the resilience of corporates and consumers there. Therefore, the medium-term outlook remains quite strong, and we would be looking to buy into current uncertainty in the IT space,” Harish Krishnan, Senior […]

In FY24, “earnings growth is expected to be in low to mid-teens and valuations are at fair levels from a 10-year average perspective,” Sandip Bansal of ASK Investment Managers told Moneycontrol in an interview. The Associate Director at ASK feels that globally, the market will take cues from geopolitics including the course of the Russia-Ukraine conflict […]

“In India, the IT sector sell-off was due to fears of a severe US recession, but it now appears that this will not occur. Accordingly, the sector has started showing signs of recovery,” Soumitra Sengupta, smallcase Manager and Founder, Lamron Investments, said in an interview to Moneycontrol. Hence, he feels midcap IT could be one of […]

india_infrastructure_slide_300_20539488 New Delhi, Feb 26: As many as 335 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.46 lakh crore, as per an official report. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects worth Rs 150 […]

“India is doing well and would continue to do well. Despite a possible decline in growth rate, we would still be the fastest growing economy of the world. Capex will be the Key. Therefore, we like capital goods, banks, and domestic manufacturing,” Santosh Pandey, President and Head of Nuvama Professional Clients Group told Moneycontrol in […]

Gaurav Doshi is the Senior EVP – Customized Portfolios at 360 ONE Plus “Probability of rate cuts before March 2024 is not our base case assumption as developed market central banks are unlikely to change their stance till they are confident of inflation coming back to their mandated targets,” Gaurav Doshi, Senior EVP – Customized […]

“I believe this is one of the best times to accumulate great business, the stock doing all-time high, with the best QoQ and YoY numbers, with a turnaround story will make the best returns of all,” Rohan Mehta, CEO and Portfolio Manager at Turtle Wealth, says in an interview to Moneycontrol. He believes that there can […]

Sachin Shah of Emkay Investment At a time when the fear of inflation has kept several investors away from IT stocks, Sachin Shah, fund manager, Emkay Investment Managers, is upbeat about the prospects of IT companies. “We believe the mega trend of transformation and migration of businesses moving from traditional in-house servers to digital and […]

Aditya Sood of InCred PMS InCred PMS believes that the valuation multiples are much more reasonable in the IT space, after a sharp correction last year, and most of the stocks have priced in a slowdown. Hence, it is worthwhile to note that the Indian IT sector is a market share gainer should continue to […]

The banking sector may continue to do well, led by tailwinds of strong credit growth, steady margins, excellent asset quality metrics and lower provisioning expenses, according to Gautam Duggad, Head of Research, Institutional Equities at MOFSL. As far as the Nifty earnings are concerned, MOFSL expects the fourth-quarter earnings to grow 10-11 percent for the […]

The banking sector may continue to do well, led by tailwinds of strong credit growth, steady margins, excellent asset quality metrics and lower provisioning expenses, according to Gautam Duggad, Head of Research, Institutional Equities at MOFSL. As far as the Nifty earnings are concerned, MOFSL expects the fourth-quarter earnings to grow 10-11 percent for the […]

Vikas Gupta of OmniScience Capital Both the inflation and the interest rates are nearing a peak in India a year ahead of the general elections with efforts of the government to showcase visible progress on the ground to close out its last year of two terms with a bang, Vikas V Gupta, CEO and Chief Investment Strategist […]

“Despite headwind of global slowdown, I expect Nifty to deliver 11-13 percent earnings growth – significantly better than any other country in the world,” Rajesh Kothari, WealthBasket Curator & Founder of AlfAccurate Advisors says in an interview to Moneycontrol. During the last 15 months, the market has witnessed time and price correction – implies valuation […]

Gaurav Sharma, smallcase manager “Rate hike to my belief has never been a concern for the market,” Gaurav Sharma, smallcase manager and founder at GauravSir.in says in an interview to Moneycontrol. After Q3 numbers by most companies, shares have not reacted to the volatility so one can say for now the price has factored in the […]

“Even though India is standing tall amidst global economic downturn and state of recession prevailing worldwide, it cannot remain decoupled from the global events. In a widely integrated global economy, there is bound to be a cascading effect,” Ajit Banerjee, Chief Investment Officer, Shriram Life Insurance Company told Moneycontrol in an interview. He feels the […]

Alok Singh of Bank of India Mutual Fund “Corporate earnings were broadly in line with market expectations. While most companies delivered revenue growth, margins continue to remain under pressure,” said Alok Singh, Chief Investment Officer at Bank of India Mutual Fund, in an interview with Moneycontrol. Among larger sectors, banking has declared good results and […]

Technical analyst Anant Acharya said that, historically, the market has bottomed out in the third year of every decade. (Illustration: Suneesh Kalarickal) Stock markets have been holding steady in spite of all the negative news investors have been beset with, and didn’t move too much even after Budget 2023. According to Anant Acharya, a market […]

Alok Singh of Bank of India Mutual Fund “The corporate earnings were broadly in line with market expectations. While most of the companies delivered revenue growth but margins continue to remain under pressure,” Alok Singh, Chief Investment Officer at Bank of India Mutual Fund says in an interview with Moneycontrol. In the larger sectors, the […]

Naveen Kulkarni of Axis Securities Over the next 12 months, consumer staples will continue to do well as elevated government spending, state elections, and inflationary pressures will enable good nominal growth for the staples sector, Naveen Kulkarni, Chief Investment Officer at Axis Securities PMS says in an interview to Moneycontrol. With more than 15 years […]