CHRISTY MATHAI
Bank Nifty soars to a record high above 51,000
Private lenders drive Bank Nifty surge as traders cover bearish positions post breach of 51,000 level. Buying interest in banking stocks due to favorable risk-reward ratio.
From Street darlings to sell-off targets, PSUs feel the heat
PSUs tanked in trading post BJP's election setback. Concerns arise over govt's focus on reviving state-owned companies. Stocks plunge, eroding market cap by ₹10.62 lakh crore.
FMCG shares rise up to 10%, hint at 'start of a catch-up rally'
Shares of Marico, Godrej Consumer Products, Hindustan Unilever, Dabur India, Emami, Britannia Industries and Nestle India ended 2-10% higher on Tuesday even as benchmark indices closed 0.5-0.6% lower.
Why Christy Mathai finds value in private sector banks now
Christy Mathai of Quantum AMC emphasizes value in private banks, FMCG, and autos despite high valuations. Caution is advised due to potential corrections in certain sectors like autos and durables amid competitive pressures. Mathai is looking at around 12% to 13% earnings growth in Long Term Equity Value Fund going into FY25.
Brace up for volatility as D-Street may see tug-of-war between bulls and bears in March
More than 200 smallcap stocks saw a double-digit fall in February, and experts believe that the selling pressure will prevail for some more time.
ELSS mutual funds: 5 reasons to invest
Out of the various instruments that offer a tax benefit, Equity-linked Saving Schemes (ELSS), also known as tax saving mutual funds, have gained immense popularity among taxpayers in the last decade. Individuals, as well as HUFs, can invest in ELSS or tax saving mutual funds and claim tax benefits.
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Weakening bond yields give a fillip to PSU banks' rally
Analysts, however, say upsides in these shares could be limited because of rising credit costs and rich valuations. Shares of UCO Bank soared 15.23% to an all-time high of ₹60.65.
ETMarkets Smart Talk: Govt may set fiscal deficit target at 5.2%-5.4% of GDP in FY 2024-25 in Budget 2024: Christy Mathai
Christy Mathai says: The government is expected to set the fiscal deficit target at 5.2%-5.4% of GDP in FY 2024-25. The focus will be on moderating capex aggression and addressing tax inconsistencies. Bond investors are not likely to see any favorable moves in this budget. The government will continue its initiatives for import substitution and export opportunities. Sectors linked to government capex and rural recovery will be watched closely. Prudent asset allocation and systematic investing are recommended for equity markets.
ET Explainer: Use of Price-to-Book ratio to assess a stock’s valuation
Price-to-Book ratio is a metric that investors use extensively to determine the valuation of a stock. It helps to understand if a stock is undervalued or overvalued. It is calculated by comparing the current market price of a stock with its book value. The book value is a measure of a company's total assets excluding its total liabilities.
Record monthly FPI buying in December drives India's Nifty 50 to record highs
FPIs bought shares worth 427.33 billion rupees in the first half of December, marking a fortnightly record, driven by lower U.S. bond yields amid expectations of interest rate cuts by the Federal Reserve.
Fed's hold on policy rates spurs rally in banking stocks
Analysts attributed the rally in banking stocks to the underperformance in the sector compared to the benchmark and strong foreign inflows. Bank stocks have the highest weight on the Sensex and Nifty and a pick-up in overseas investor purchases of Indian equities benefit this sector the most.
This fund manager highlights expensive valuations in real estate, defence & capital goods
ETMarkets spoke to Christy Mathai, Fund Manager- Equity, Quantum Mutual fund on markets, sectors to avoid and outlook for Samvat 2080.
ETMarkets Smart Talk: India stands out in terms of growth and policy stability albeit at higher valuation: Christy Mathai
"If we were to look at consensus earnings estimates for FY24/FY25, this number has been upgraded with each passing quarter depicting the resiliency of earnings. We expect earnings resiliency to continue and be supportive of the markets in general. Banking has been trailed by the broader indices despite strong earnings and trade at reasonable valuation; we expect it to do well."
We continue to find opportunities in broader financials, auto & IT: Christy Mathai
“Some of the IT headwinds in terms of subcontracting costs, the margins because of aggressive wage hikes, and the big time hiring that they did, are behind in terms of numbers. We should see some margin improvement, as well as when the demand comes up those things will look much better.”
Current rally is comparatively more sustainable: Christy Mathai of Quantum Mutual Fund
"Some of the capex related themes be it, real estate, construction or broader manufacturing has seen good traction and can drive employment generation and overall growth," says Christy Mathai, fund manager, equity, Quantum Mutual Fund.
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