Anand Shah, CIO- PMS & AIF Investments, ICICI Prudential AMC, says global ferrous metal profitability remains muted due to strong Chinese exports, pressuring steel company earnings worldwide. Despite this, there’s optimism for margin recovery in select chemicals and metals sectors, driven by attractive valuations and potential earnings growth. While positive on manufacturing, particularly defense and … Read more
The ongoing war between Israel and Hamas, which began on October 7, remained on top of market participants’ minds through the week. After falling more than 450 points in a knee-jerk reaction on Monday (October 9), the benchmark equity index BSE Sensex settled 0.43 per cent, or 287 points, higher at 66,283 for the week … Read more
“You had two large blocks of economy which were artificially slowed down and obviously we had a significant rate hike in US which also created some bit of slowdown in that segment. I think as we go forward one year, China will continue to get normalised and provide some global growth,” says Anand Shah, ICICI … Read more
Anand Shah, Head of PMS & AIF Investments at ICICI Prudential AMC, says he and his team goes about picking winning stocks using the Business-Management-Valuation (BMV) framework. “If we like business potential and management quality, the last step is valuation. A good business and competent management may not always come cheap. If the business has … Read more