CONSUMPTION STOCKS
Pankaj Pandey on 3 stocks to bet on from pharma sector
We have been very selective in terms of chasing stocks because our sense is that you need to see stocks for a considerable period of time before we recommend. IREDA is what we have sort of recommended because our sense is that this one PSU AAA rated can deliver 30% kind of AUM growth while valuations are on a higher side, but we like the opportunity size.
ETMarkets Smart Talk: India's economy poised for strong growth in second half of 2024, market outlook cautious: Vipul Bhowar
India's economy is expected to experience strong growth in the second half of 2024. This growth will be fuelled by robust public investment and resilient private consumption, supported by strong domestic factors, decreasing inflation, and favourable fiscal and monetary policies.
Why has Kotak re-initiated inflows into smallcap fund? Harish Bihani explains
There is FOMO in certain sectors and themes across caps and not only in smallcaps. Harish Bihani thinks there is scope for identifying ideas and deploying large sums of money in the smallcap category. The probability of any event specific to India disrupting the market is low at this point and they thought that it was an opportune time to reopen the fund
ETMarkets Smart Talk: There might be a renewed focus on social expenditure in final Budget 2024: Arun Kumar Poddar
While we strive to reduce our reliance on FIIs, our Systematic Investment Plan (SIP) contributions are reaching record highs, reflecting growing confidence in the Indian markets.
Jyothy Labs stock has earned 91% return in last one year; why analysts are bullish
Jyothy Labs will benefit from multiple growth drivers, including direct consumer sales, rising brand awareness, and expansion of modern retail.
Deepak Shenoy hunting for winning stocks in 5 key megatrends
It is difficult to gauge changes in core fundamentals in just two weeks, but it appears that there is a level of political continuity that is acceptable to markets. It isn’t just retail investors; by June 24, foreign portfolio investors have added Rs 13,000 crore into equity markets as well. In the short term, the markets are slaves of liquidity, and the inflows seem to be strong.
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This fund manager thinks it is the right time to bet on consumption theme. Here’s why
The common theme is these are all branded goods and services that consumers are either consuming today or want to consume. So, in a way, this is a heterogeneous thematic, which allows for that opportunity for picking and managing between different sub-segments, as well as diversification, says Nippon India MF's Amar Kalkundrikar.
Dow closes at a one-month high as investors broaden portfolios
The Dow reached a one-month high, but the Nasdaq fell over 1% as investors shifted from AI-linked stocks. Federal Reserve rate cuts were anticipated, impacting market movements.
India's consumption story augurs well for our growth: Venkatesh Vijayaraghavan, TTK Prestige
TTK Prestige over the last 30-40 years, if you were to look at, has been making strides in terms of innovation, in terms of growth. Like in every organisation, we do believe that what has taken us so far here will not necessarily be the right thing to do.
ETMarkets Smart Talk: We could see tweak in corporate & personal tax to boost consumption in Budget 2024: Samir Bahl
While the expectations on overall economic growth were unchanged, FED committee members increased their inflation forecast for 2024 and 2025 and hence in June 2024, Fed kept the interest rates unchanged at 5.50%.
Fund Manager Talk | Rally in rail, defence stocks at execution risk: Krishnan VR
The portfolio was up 1.7% in May compared to 0.8% for the benchmark BSE 500 total return index. Because many portfolio companies reported their fourth quarter (and full year) results last month, the performance was partly driven by positive earnings surprises
ETMarkets Smart Talk: Why FIIs are turning net sellers in Indian markets and it not because of election jitteriness, explains Niraj Kumar
While the incumbent government securing its third term bodes well for market stability, it does juxtapose them with some dependency on allies for imperative policy decisions.
ETMarkets Smart Talk: Rural consumption could top priority in Modi 3.0’s final Budget in July: Vinay Jaising
The BJP led NDA alliance is confident of forming the government for the third time consecutively which has not happened in India since 1962 when the Nehru led Congress was in Power; and an extremely spectacular event.
Twin engines of investment and consumption cycle can fire economy over next 12 -18 months: Taher Badshah
It is a nice combination to therefore have look forward to and that is what is keeping the market excitement up. Of course, we have a plethora of important events which we get into in the second half of the year whether it is the outcome of the monsoons, policy on the budget and of course certain global events as well including the US elections, the whole thing about policy rates, interest rates and how are we going to be navigating that over the next six odd months.
Govt’s focus on welfare to give tailwinds to consumption stocks
ICICI Securities prefers companies with strong execution due to shallow margin of safety in valuation multiples. Most shares trading at or above historical PE ratios.
Investors can look to bet on rural consumption and housing theme: Sunil Subramaniam
We may think that even NREGA subsidies could go up a little bit. So, I think the budget will give a clearer direction. But we do know that given the fact that the election results were not to the kind of expectations of the government itself, they will be trying to fix those problems. And from what we can see that two or three big states in north, UP, Haryana, then the Maharashtra, where the results were not to their liking, you would see that that is a farming belt, the UP is a sugarcane belt, Maharashtra is a sugarcane belt, so definitely you will see action around minimum support prices, you will see action around NREGA flows in there.
Capital goods, defence, railways segment should continue to do well in PSU space: Mihir Vora
See, the good part is that the election has voted for continuity. So, there is no change in the ruling regime, so that is a big positive because what the market and the economy were expecting is continuation of the growth policies for various segments that the earlier government had been working on.
Abneesh Roy's top four stock picks for strong returns over next year
It is a coalition government and in the past we have seen that whenever that happens spends on the rural do increase. Please note that in the coming months, there are three-four key state elections also. So, we do expect that farm subsidy, farm support programmes will see a higher outlay rather than just a pure play capex, infra spends.
Nilesh Shah on factors that are driving the surge in FMCG stocks
When you want to play a game of bowling, you need guardrails and it does stop your ball going into other lanes. Regulatory supervision is the guardrail. If you want to play the game, guardrails are necessary. In my opinion, RBI is formulating rules, regulations, keeping in mind what is probably happening at the lowest common denominator.
Sanjiv Bhasin picks top stocks that may outperform in near term
We think the market has retraced very sharply, more sharply than we thought. This is not the time to be too brave, be watchful of what stocks you buy. ABFRL was a darling stock, in the last three days it is up 30%, so has been AB Capital and Vodafone. We think that group is being re-rated. Look for any opportunities to buy.
Expect some degree of volatility till the Budget: Sunil Subramaniam
But I now expect consumption to redress the balance and you will get a far more broad-based recovery, that is number one. Number two is I think that now with the lessons of what happened in this election, we expect the BJP itself to take necessary corrective action since it has got power for the next five years so that the very next election they will be in a position.
Banks should still do quite well in long term: Prashant Jain
I think the markets have moved beyond that phase where they used to differentiate between PSUs and private. So, I think businesses are now getting discounted or they are trading as per the underlying fundamentals which I think is very good. So, I think while we still talk in terms of PSUs, non-PSUs, but markets are not differentiating between public and private enterprises anymore.
Rural consumption and exports should do well in next 5 years: Ravi Dharamshi
Honestly if you want to make money from a five years perspective, go where nobody is looking and consumption which includes discretionary as well as non-discretionary consumption and rural consumption and exports are two areas which I think should continue to do well.
Markets can gain another 10% by year end: Samir Arora
But the bottom line is that this is a big event and the FIIs who have been selling for the last few months are not going to sell like this anymore and therefore you will be in a sweet spot where domestic guys are buying and foreigners are trying to build back their positions.
Will FIIs return to India or will valuations still keep them away? Vinay Jaising explains
However, if the count is significantly lower, around or below 300, the market will correct before stabilizing and moving forward. As investors, we are fully invested and not holding much cash because in volatile times, especially when market sentiment is improving, it's beneficial to be fully invested.
Election outcomes won't disrupt India's economic stability: Saurabh Mukherjea
There will probably be governance continuity as well, but almost certainly there will be policy continuity and hence, my point of view to the foreign investors is, beyond a point, you should not overemphasise the elections.
What kind of election results would shake up the markets? Seshadri Sen answers
Seshadri Sen discusses the impact of BJP's majority in the upcoming elections on the economy, focusing on manufacturing, infrastructure, and capital goods sectors. sen says the the only negative outcome for the markets is that the BJP falls considerably short of the absolute majority. All other outcomes are largely the same.
Markets moving away from consumption themes to investment themes: Manish Sonthalia
But otherwise, automobiles, banks, pharmaceuticals, capital goods they have all delivered on numbers. Metals and oil and gas was again supposed to be muted. So, I think all in all, the expectation of the result season from where we began the earnings season was a 5% to 6% earnings growth for this quarter.
Stay light & keep some cash handy; buy only after the event is over: Anand Tandon
Anand Tandon provides insights on market dynamics, banking sector performance, consumer trends, and investment strategies amidst evolving economic landscapes and global uncertainties, suggesting cautious optimism and strategic planning for future opportunities.
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