The gloomy global economic outlook, optimally projected earnings estimate, coupled with high quartile valuation multiples has prompted Waterfield Advisors to take a cautious stance on the Indian market. “The benchmark Nifty-50 is trading at over 20 times its 1-year forward earnings. Though this multiple appears reasonable, it is not cheap compared to other global and … Read more
“We expect yesterday’s underperformers to be winners of tomorrow, i.e. IT and Pharma. The valuations are very attractive from a long-term investment perspective despite short-term risks to earnings,” says Kedar Kadam, Director – Listed Investments at Waterfield Advisors. In an interview with ETMarkets, Kadam said: “We like Capital goods, Cement, Speciality chemicals, Auto ancillaries and … Read more
“We believe CY’23 to be a stock picker’s market, and suggest investors use any dips in markets to add quality stocks with reasonable valuations, high earnings visibility, and balance sheet strength,” says Kedar Kadam is Director – Listed Investments at Waterfield Advisors. In an interview with ETMarkets, Kadam who has more than 14 years of … Read more