DHIRAJ AGARWAL
Dhiraj Agarwal on the next big trigger for equity markets
At least for a couple of months, China pulled in a large amount of inflows by the global investors. I have not seen the most recent data, but Feb-March they pulled in about $40 million. Something like that happens, it obviously impacts the amount of flow, which could happen in India. So, on the FPI flow, it is just a toss-up. I mean, it is very difficult to predict, honestly.
2024 promises to be a non-linear market. Here are 3 key reasons why
Institutional investors grapple with non-linear markets, driven by earnings risk, high dispersion, and volatile interest rate outlook. Sector and stock rotation intensify post hot summer forecast, reflecting increased market participation amid erratic swings.
Everything is a cycle – Are we there yet?
Business cycles and markets are not linear - but like a wave - a bit like the sine curve! As Howard Marks says, “Cycles’ clout is heightened by the inability of the investors to remember the past.”
Deep correction unlikely; time to gradually shift to largecaps: Dhiraj Agarwal
“FIIs’ overweight position in India in the EM funds is only 100 bps right now. At its peak, which is about 2016-2017, it was 500 bps. If that positioning changes over the next year or two, bulk of the money will come into the largecap name. Relatively speaking, some amount of gradual shift out of midcaps into largecaps, especially the midcaps which are looking frothy, needs to be done.”
Market chasing growth; there's headroom for market to go up but focus on quality: Dhiraj Agarwal
“Maket has been chasing growth. We have seen this happen a number of times in the past, especially when the retail participation in the market is very, very high. Across sectors, you will find that irrespective of market cap bracket that stocks of the companies fall in, if a company is delivering higher growth rates than the industry average, it is trading at a premium.”
Financial planning is not about money alone; why you should not let math dictate your personal finances
We are not saying that numbers and calculations are not important. Indeed, a well-laid financial plan based on calculations gives a solid foundation. However, you shouldn’t let math dictate your personal finances. It is a misconception that financial planning is all about numbers.
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HC grants time to Centre, Delhi govt for reply on plea seeking door-to-door COVID-19 vaccination for senior citizens
In August, the court had issued notice on the petition by 84-year-old Dhiraj Aggarwal, claiming that she suffers from arthritis and cannot visit the vaccination centre on account of her health. The petitioner highlighted that many fellow very senior and bed-ridden citizens, who are vulnerable to COVID-19, do not have private transport to reach the vaccination centre.
Media-tech startup ZAPR raises funding from Flipkart, MuSigma’s Dhiraj Rajaram
Media-tech startup ZAPR said it has raised an undisclosed amount of funding in a round that was led by India’s largest ecommerce company Flipkart.
Govt efforts to lift GDP by 150 bps on a sustainable basis; positive on investment-related stocks: Dhiraj Agarwal
As the economy picks up, as investment cycle picks up and as GST comes in, the logistics space will have an important role to play, believes Agarwal.
Prefer IT stocks from medium-term perspective; 15-17% revenue growth should not be a challenge: Dhiraj Agarwal
It may not matter much if the IT sector grows a bit lesser or higher than market expectations as the sector has earnings visibility, believes Agarwal.
US interest rate outlook, slow uptick in domestic economy keeping investors cautious: Dhiraj Agarwal
While the long-term picture is easy to take a bullish call, from a short-term perspective, it is looking a slightly stressful, says Agarwal.
ET Awards 2014: PM Narendra Modi's cabinet, CEOs, business leaders celebrate the men who will mend India
The always peppy Anil Agarwal said, “This is a fantastic show”... and many would have agreed with him. Call it an achha din — one of the many that Modi Sarkar promises will follow.
Expect broader market to underperform benchmarks: Dhiraj Agarwal, Standard Chartered Securities
"Global liquidity has been helping India for a while and money has been coming in."
Bulk of the easy rally has already played out: Dhiraj Agarwal, Standard Chartered Securities India Ltd.
Dhiraj Agarwal, Standard Chartered Securities India Ltd., talks about markets, crude oil prices and stocks to watch out for.
Is HCL founder Shiv Nadar's newest educational venture aim to create India's first Ivy Leaguer?
The bigger question is why Nadar picked education as his worthy cause among so many options requiring meaningful benefaction.
FMCG is a good sector to be in India: Dhiraj Agarwal, Standard Chartered Capital Markets
In the environment of tighter global liquidity I do not think the liquidity is so tight that attractively priced FPOs of good companies will not sell. So it is not that we are in a global liquidity freeze environment it is only that the investors have become very very selective
Commodities is a tricky call: Dhiraj Agarwal, Standard Chartered Capital Markets
Commodities is actually a very tricky call. In the last two weeks they have come down depending upon what the commodity is, between 10% to 25% but that does not mean that the secular trend that we have seen in commodities is over.
Deregulation of rate will create cost pressure on banks: Dhiraj Agarwal, Standard Chartered Capital Markets
What has happened so far, which is a 50 bps hike in savings rate a large part of it the banks can absorb and pass it on but it remains to be seen if and when RBI does completely deregulate the savings rate.
There are diverse performances within the sector: Dhiraj Agarwal, Standard Chartered Capital
For few banks there could be margin pressures of 50-60 bps. For few it might only be 15 to 20 bps so that is another interesting trend in the market
Bullish on ONGC: Dhiraj Agarwal, Standard Chartered Capital Markets
From a longer term point of view we like ONGC despite the rally, it still has some value. FPO pricing and FPO pressure all in all have sometime beaten down the stock, sometime helps the stock.
We do not see too much downside in RIL: Dhiraj Agarwal, Standard Chartered Capital
We think Reliance should be a sort of a buy hold, core holding here. In the last one and a half years a number of news has gone against the stock, but bulk of it is known and hence one believes bulk of it is in the price.
BHEL can act defensive: Dhiraj Agarwal, Standard Chartered Capital
Some of them will act as a defensive for example BHEL can act as a defensive in this environment
Infra stocks will remain under some pressure: Dhiraj Agarwal, Standard Chartered Capital
There are some signs that investment cycle is slowing down. So infra stocks will continue to remain under some pressure for a while.
Not a time to make big sector calls: Dhiraj Agarwal, Standard Chartered Capital
I do not think you should be thinking of playing themes in this environment, themes are not working. Buy commodities or sell commodities or buy commodity users or do not buy commodity users or sell autos in high interest of environment is not working.
IT looks good: Dhiraj Agarwal, Standard Chartered Capital Markets
Western markets are doing quite well which is positive for IT.
Valuations of banking stocks looking decent: Dhiraj Agarwal, Standard Chartered Capital Markets
Valuations wise, banking stocks are looking at a range where they should probably be dipped into.
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