Ramesh Mantri, CIO, WhiteOak Capital AMC, says when we look at combined fundamentals and valuation, there are some sectors where fundamentals are very strong, but valuation is very high like industrials, capex related and then smaller industry segments like defence, electronics and manufacturing. The fundamental corporate earnings have been good but the valuation is high. … Read more
The corporate earnings scorecard for 4QFY24 has been in line so far. The earnings spread has been decent, with 70% of our Coverage Universe either meeting or exceeding profit expectations. However, growth has primarily been led by the BFSI and Automobile sectors. The earnings growth was fuelled by the domestic cyclicals, such as BFSI and … Read more
Mumbai: Foreign portfolio investors sold shares worth ₹20,000 crore across 13 sectors between September 1 and 15, according to data from the National Securities Depository (NSDL). Mining, metals, power, oil and gas, telecom, and construction materials are among the sectors that saw foreign investors booking profits. After selling metals and mining shares worth ₹7,000 crore … Read more
“Infra, Capital Goods, BFSI, and Auto sectors could be in limelight ahead of elections although there are some concern areas in each of these sectors,” says Deepak Jasani, Head of Retail Research, HDFC Securities. In an interview with ETMarkets, Jasani who has over 16 years of experience said: “Indian markets are neither valued cheap or … Read more
“I believe that Krithivasan has been taking care of BFSI vertical for long now, that need to see how it is being picking up. But I believe as of now or immediately, one should not worry about change in the leadership going ahead,” says Omkar Tanksale, Axis Securities.I was also wondering as far as the … Read more
The breakout of Covid 2.0 significantly disrupted India’s business activity in the initial months of FY22, especially during April-May’21. However, with gradual unlocking of the economy from July 2021 onwards, most lenders have witnessed an encouraging improvement in their collections, indicating faster economic recovery to normalization. Despite positive macro signals, loan growth has not picked … Read more