AMNISH AGGARWAL
Should you prefer RR Kabel over Polycab? Amnish Aggarwal explains why
Amara Raja and Exide have re-rated with a new energy focus, positioning for growth in evolving markets. Coming to aviation IndiGo stock has given a very sharp rally over the past six months, so the incremental returns may be more measured but at the same time, the positive news flows in IndiGo will continue and that might keep the investor interest alive in the stock, says Amnish Aggarwal.
Amnish Aggarwal on 2 top cement large-cap stocks to bet on; best buy in auto
“Mahindra & Mahindra continues to be an exception where the volume growth continues to be good, both in UVs as well as if you look at the tractors, tractors after last year's decline are turning to be positive, although the valuations are rich, if a double-digit volume growth in the PV business continues, M&M can still do well from the current levels.”
ETMarkets Smart Talk: Progressive Budget, normal monsoons & strong inflows will further re-rate markets: Amnish Aggarwal
We expect the NDA government to sustain focus on capex-led growth around PLI, Roads, Ports, Aviation, Defence, Railways, and Green energy, given a 20 bps lower fiscal deficit in FY24 (Than RE), normal monsoons, and Rs 2.1 lakh crore dividend from RBI.
What should investors do with RIL and ITC? Amnish Aggarwal answers
Elections is a very important event and we are now just I think three trading days away from it. We had issued a note to our clients in which we had identified a few sectors and the scripts which would be doing well irrespective of the outcome of elections.
Is it time to be contra and buy Jubilant FoodWorks now? Amnish Aggarwal answers
So, everything is getting linked to how the Chinese demand pans out and how the steel prices. And if the global steel prices rally from here, then these stocks can even give returns on the current levels.
ETMarkets Smart Talk: Market likely to be range-bound to positive in the run-up to elections: Amnish Aggarwal
Amnish Aggarwal, Director - Institutional Research, Prabhudas Lilladher, says: "The markets are range-bound to positive due to the upcoming elections. NDA's return is expected. India's weight in the MSCI index is increasing. Management commentary has been mixed. Advising caution and focus on large-cap companies. PSUs may give steady returns. Retail investors should focus on stock picking."
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How will Grasim's entry impact Asian Paints, Berger? Amnish Aggarwal answers
Amnish Aggarwal of Prabhudas Lilladher says: "The entry of Grasim into the paints space may have an uncertain impact on the valuation, market share, and sustainability of Asian Paints and Berger. While initial gains are possible, the upcoming festival season and the near to medium term will be key factors to watch."
Expect some more cuts in small, midcap segments; largecaps to lead next leg of rally: Amnish Aggarwal
“ if you look at most of the largecap names like Reliance, HDFC Bank and if you look slightly longer over the last say 12 months or so, even ICICI Bank has not done anything. Given the fact that both Reliance and HDFC Banks stocks have got a considerable weightage and they have not performed, that actually makes the case that when they start performing next year, there is a good probability that the largecaps might outperform midcaps for some time.”
Amnish Aggarwal spots multi-year trends in 4 sectors. Here’s why
“The entire capital goods is one pack which looks very interesting to us. Hospitals is another segment which we are very positive about. Third sector is private sector banks where the valuations are at a multi-year low. ALso on the consumption side, we have been pitching for some of the discretionary names.”
Amnish Aggarwal on 3 sectors where the cycle may get stretched on higher side
“One of the best performing sectors has been the capital goods and engineering companies. The second sector where the numbers have been pretty good has been the automobile sector because the volumes which were expected to be good and the benefits of low raw material prices and operating leverage have come. The third, is the largest segment – banks. A major outperformance has come in numbers on account of lower provision of NPAs.”
Markets are delicately poised; how will the second half of FY24 go? Amnish Aggarwal answers
"The second half of the year is usually very important from the viewpoint of the overall economy because the second half is more like 40-60. The second half of the year is much bigger. That is one part of it. Secondly, the capex momentum, I would say, particularly from the government side, in the first half has been practically good. Maybe because we are approaching election year. So there might have been some preponement of capex."
Why are IT midcaps doing so well? How will banks perform going ahead? Amnish Aggarwal answers
“The market today is chasing growth and irrespective of the fact whether it is a midcap or a smallcap, the market is ready to pay them even premium to largecaps. That is typical of a very broad-based rally which is playing out and IT is not very different over here.”
No major downside for Titan expected due to CaratLane acquisition: Amnish Aggarwal
Titan already had 71% stake in CaratLane. So, technically, CaratLane was a subsidiary of Titan. Now, as was expected, Titan gradually had intention to increase the stake to, say, 100% and make it a fully owned subsidiary.
FMCG business going to be a big growth driver for ITC: Amnish Aggarwal
As I said that the FMCG business is going to be the big driver for the company because another thing is that if you look at ITC, then earlier a lot of capital implied of the company was going in hotels. Now, with the hotel business out of the way and in FMCG also, they have created the capacity, they have created the brand over the years.
ITC Hotels demerger not a big game changer for shareholders: Amnish Aggarwal
ITC's decision to demerge its hotel business is not likely to be a game-changer for shareholders, says Amnish Aggarwal, Head-Research at Prabhudas Lilladher. The capital-intensive hotels business only accounts for around 5% of ITC's value, with 80% attributable to its cigarettes and FMCG operations. While some expectations were built into the stock price in anticipation of the move, ITC shareholders will not see a significant value unlocking.
Want stocks that will go up 30-40% in the next 2-3 years? Amnish Aggarwal answers
“ABB and Siemens are in the centre of energy transition, digitization and data centres. This entire space looks very interesting. But particularly, over the next couple of years, Siemens and ABB look very interesting to us,” says the head of research of Prabhudas Lilladher.
Amnish Aggarwal on ICICI Securities delisting and more
“It is a very interesting move and contrary to the trend over the past many years, whereby many banks or companies with broking arms are trying to get them listed. So, it also shows the kind of pressure which the industry is currently going through.”
Amnish Aggarwal on 7 pharma and insurance stocks to bet on
“Insurance is one of the most interesting segments in the long term. Over the last two to three years, insurance stocks have underperformed – be it life insurance or general insurance companies. In the long term, both life as well as general insurance companies have a lot of scope for consistent and steady returns. ”
Wait for better entry point to make fresh commitments in QSR stocks: Amnish Aggarwal
The pricing power has been better and the chicken prices are also softening, so the impact of, I would say, inflation is there, but not to the extent it is there in the other segments.
5 midcap stocks Amnish Aggarwal is bullish on for near term
So I think Crompton has got de-rated in the last 12 to 15 months and now this management change which is happening, I think needs to look at in a very different manner because this is a board driven company and there is no promoter of the company per se.
Good time to accumulate IT stocks in next two to three months: Amnish Aggarwal
I would say that both these stocks can give you moderate returns from here, but definitely the momentum currently seems to be more in favour of ITC than HUL.
ETMarkets Smart Talk: IPO likely to pick up in 2023; Nifty target seen at 21,035: Amnish Aggarwal
2022 was impacted by FII selling, Russia Ukraine war, high inflation, and a sharp increase in interest rates. We believe that inflation has mostly peaked and the pace of interest rate hikes will be lower in the coming months.
5 domestic growth-oriented stocks that will give good returns over next 12 months: Amnish Aggarwal
“The companies which are domestic oriented will do well and you see I think there are a wide variety of sectors on the domestic side which are likely to do well. For example, if you are looking on the futuristic side, hospital companies look really good. Although we are positive on quite a few of those names, Apollo Hospitals is a largecap pick from the hospital space.”
Can SBI be a Rs 1,000 stock in next 3 years? Amnish Aggarwal answers
“The issue in the past with SBI has been NPA and lower growth rate compared to private sector banks. Now if SBI the balance sheet is in a much better shape and if the growth revival happens, can State Bank of India go to 1.5-1.7 times price to book? That is practically possible.”
2 themes Amnish Aggarwal is betting on for next few years
“For the eight to 10 years after the 2008-09 Lehman crisis, the capital goods or engineering stocks were down in the dumps but they have now started emerging out of the gloom and when any sector wakes up after so long being in slumber, it is more likely to be a 3-5-year run up. Real estate is the other theme which will play out over the next few years although unlike capital goods, here the cash flows are not that strong.”
Monsoon is good but just playing the rural theme is not enough: Amnish Aggarwal
“Even in terms of the agrarian theme, I would look at a much broader canvas. Once agrarian demand starts picking up, the rub off in terms of demand flows down very quickly to cities and to the entire country. Whether it is consumer staples, paint companies or two wheelers, it can result in much broadbased impact as far as the entire economy is concerned.”
In the long term, things are fine but near term, expect turbulence: Amnish Aggarwal
“If the commodity prices cool off, it will be beneficial to India but as of now, I would look at it more like a technical bounce back after so much correction and we need to see how things pan out because there is still uncertainty over monsoon. In the long term, things are fine but in the near term, turbulence can still be there.”
Urban versus rural – where to bet on in consumer stocks? Amnish Aggarwal answers
“We have been quite conservative in giving calls on the staple companies for the last one or two quarters because inflation was there, demand was under pressure and above all, the margins of most of these staple companies have risen in the past five-seven years. We are not very keen on say stocks like Britannia. HUL and Dabur look relatively better to us but one should have very moderate expectations in the entire space. ”
Discretionary consumption coming back: Amnish Aggarwal
‘Small and medium scale enterprises have been under pressure.’
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