EMKAY WEALTH MANAGEMENT
FY24 threw 12 multibagger stock ideas with consistent earnings growth. Which ones to chase?
FY24 featured 12 multibagger stocks with consistent earnings growth in sectors like autos, capital goods, PSUs, power, and infra sectors. Experts shared valuable insights for investors looking to capitalize on market opportunities.
Down but not out! 4 reasons why you shouldn't write off PSU stocks yet
Analysts are positive about PSU stocks post Lok Sabha elections, highlighting growth opportunities in Nifty PSU Bank stocks and government sectors. Valuation comfort, dividend yields, and growth potential make PSU stocks attractive for value investing.
NDA is back with a caveat; how will Modi-favoured PSU stocks fare now?
After the India elections, the NDA's thinner majority has impacted PSU stocks on the D-Street. Analysts foresee a sustained rally for state-owned companies, despite short-term uncertainties.
Modi magic! PSU stocks create Rs 7 lakh crore wealth this election season
During the election season, PSU stocks, also known as 'Modi stocks', surged in value by Rs 7 lakh crore as investors showed confidence in PM Narendra Modi's policies and leadership, especially in defence PSUs like Cochin Shipyard and Bharat Dynamics.
Election uncertainty weighs on Awfis Space Solutions' debut: Should you hold or exit?
Awfis Space Solutions, a prominent participant in India's flexible workspace sector, experienced a respectable listing on Thursday, albeit slightly below expectations. The company's shares debuted at Rs 435, marking a gain of over 13% compared to the issue price of Rs 383.
Awfis Space Solutions shares list at 14% premium over issue price
Awfis Space Solutions Share Price: Awfis Space Solutions lists at 14% premium over issue price with strong investor interest and expansion plans. Financial challenges persist despite revenue growth. Book running lead managers include ICICI Securities, Axis Capital, IIFL Securities, and Emkay Global Financial Services.
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Awfis Space Solutions GMP: Will there be a decent listing at the bourses today?
Awfis Space Solutions shares are currently trading in the unlisted market at a premium of Rs 125, representing a 27% increase over their issue price. The IPO garnered significant interest, with a subscription rate exceeding 100 times at closing.
Mutual funds take Rs 10,000 crore contra bet on sleeping giants Kotak, HDFC Bank
Mutual funds invested Rs 10,000 crore in Kotak Mahindra Bank and HDFC Bank in April, despite their decline in Nifty rankings. Fund houses like HDFC MF, SBI MF, and Axis MF raised bets on HDFC Bank, while Kotak Mahindra saw buying from Nippon India MF and others. The investments were based on data from Prime Database.
Risk-off sentiment brings big selloff in FPI-heavy counters
Foreign portfolio investors (FPIs) have sold shares worth over ₹22,000 crore this month after pulling ₹21,524 crore out of Dalal Street in April. More than 100 stocks where FPIs hold over 5% stake as of March 31, 2024, have declined between 10% and 30% in last one month, compared to a 1.7% fall in benchmark Nifty.
Indian Hotels shares down by 5% after Q4 results. Should you buy the dip?
Indian Hotels reported consolidated revenue growth of 17% year-on-year (YoY) in 4QFY24, led by 19% YoY revenue growth in the standalone business and the growth in the standalone business was driven by better occupancy (up 440 bps YoY) and ARR (up 4% YoY; LFL 8% excluding Ginger Santacruz).
ETMarkets Smart Talk: It's not lucrative to invest in smallcap portfolios now; midcaps may hold better promise: Dr Joseph Thomas
Dr Joseph Thomas from Emkay Wealth Management says the market in FY 25 will be influenced by key events like RBI-MPC, Fed's FOMC policy meetings, elections, and the Union Budget. India's structural GDP growth at 7.00% is driven by increased investment and public capex. Analysts foresee a positive market outlook, emphasizing the importance of sustained growth and investment.
PSU stocks are the current darlings of Dalal Street but why are mutual fund managers wary?
Most fund managers have been left on the sidelines amid their long-standing reticence around this segment. Barring a few exceptions, PSU entities remain underowned by mutual funds.
Mutual funds join multi-billion dollar PSU rally, eye 2014 record in election year
The ownership of PSUs in mutual funds has reached a 3-year high as mutual fund managers chase the momentum in Indian PSU stocks. The sharp outperformance and re-rating potential, along with sector-specific triggers and the 'Modi ki guarantee' factor, have fueled interest in PSU stocks. Nifty CPSE has more than doubled in last one year. PSU banks are outperforming private sector banks due to low valuations which many consider to be fair even after the run-up in stock prices.
Retail inflation eases in January; is there a rate cut coming?
Retail inflation in India eased to 5.10% in January, down from 5.69% in December. Inflation rates in rural and urban areas also decreased. While the retail inflation is within the RBI's comfort level, it remains above the ideal 4% scenario. Analysts believe that the RBI may hold interest rates steady until at least the June policy review, but if the trajectory persists, rate cuts may be implemented. The arrival of early harvest and a favorable base effect are expected to alleviate price pressures.
Should you get into metals? What to buy in pharma? Dr Joseph Thomas answers
Dr Joseph Thomas says: “At this point of time, one could be looking at the largecap segment more rather than the midcaps and the smallcaps and midcap and smallcap investments could continue but it is the largecap segment which should be looked at more closely at this point of time.”
ETMarkets Smart Talk: There are still opportunities in midcap space; smallcaps appear expensive: Dr Joseph Thomas
The Nifty Midcap 100 PE is at par with long-term averages, indicating opportunities at reasonable valuations. The market is going through consolidation after reaching 20,200 on the Nifty50. Rising interest rates pose a threat to equity markets, but inflation levels have peaked. The India-Canada standoff is more political than economic, with limited impact on long-term investments. Smallcap valuations have become relatively expensive, while midcaps still offer opportunities.
Emkay Investment Managers appoints Manish Sonthalia as Chief Investment Officer
A qualified chartered accountant and company secretary, Sonthalia served as an Executive Director and CIO for PMS, Alternates, and Offshore Investments in Motilal Oswal AMC and managed assets worth nearly Rs 6,500 crore
Should one worry about OMC stocks as election nears? Sachin Shah answers
"Today, 50% of power cable sales come from the export side. There is opportunity from the North America market and the Europe market because in the Europe market, renewable energy is a very big thing. They need to establish much more new transmission capacities for renewable power and in North America, they need to completely rebuild their infrastructure. There is probably annually a $20 billion opportunity. So, the business outlook is looking very strong."
What criteria should a fund's performance be based on? Sandeep Pandey answers
So, what we always tell our retail investors that these two parameters play a very vital role and returns should be the benchmark, you are not investing in the equity market just to invest, the returns play a very-very important role and that is the end figure.
As Indian markets scale newer peaks, small and midcaps may outperform: Emkay Wealth
Emkay Wealth recommends dynamic asset allocation for larger portfolios amidst India's peak markets, while smaller portfolios follow basic allocation aligned with the client's risk profile. The firm favors structural growth firms over cyclical ones and expects select mid and small caps to outperform with relatively easier valuations. Emkay Wealth predicts that, whilst all three asset classes - equity, fixed income, and gold - generate returns, selective exposure is better. Investors should closely monitor the central banks' moves and the impact of macroeconomic factors. Meanwhile, domestic investors continue to pour money into equities.
Fed action to determine trajectory of gold price: Emkay Wealth
Gold prices have found support at $1,970 - $1,990 as the US dollar has softened post the latest job data. The US Fed's policy meeting is expected to determine whether prices will continue to stay at this level. However, the Emkay report highlighted that the US Fed will most likely take a pause this time and hold interest rates at current levels. The movement of gold prices will be largely determined by the US economy's underlying strength and the action taken by the US Fed, it further said.
Emkay Global shares hit 20% upper circuit. Here's why
Technically, Emkay Global is trading above eight out of eight SMAs (Simple Moving Average). The day RSI (14) is 51.9. RSI below 30 is considered oversold and above 70 overbought. While, the Day MFI is at 72, MFI above 70 is considered overbought. This implies that stock may show pullback, Trendlyne data shows.
Accumulate IT stocks as long-term structural growth story intact: Emkay Wealth
The brokerage was of the view that the decline in the Nasdaq index will continue as companies on the tech platform may face some challenges due to the evolving business models, competition, and the gap between delivery and customer expectations.
Indian economy resilient, accumulate stocks on any fall: Emkay Wealth
“On a closer look at the selling by overseas investors closely, it can be seen that much of it is in the large-cap space and not in the mid-cap or small-cap space,” said Emkay Wealth Management.
Indian economy resilient, time to accumulate stocks on correction, says report
The strength in India's economy can be seen in its equity and currency markets as the correction in the Indian benchmark indices and rupee has been quite low compared to the other emerging market economies, said financial services firm Emkay Wealth Management.
Dollar index may touch 109 level soon: Emkay Wealth Management
"Once the election is over, and the policy pronouncements or till at least a sense of that emerges, Sterling Pound may not be able to regain ground. The Euro is also struggling to stabilise due to the European gas crisis as the supply of gas is only to the tune of 20 per cent of capacity from Russia’s Nord Stream1," it said.
Manufacturing stocks will lead the next bull run: Emkay Investment Managers
Sachin Shah, Fund Manager, Emkay Investment Managers, said the current financial matrix as well the policy support is best suited for the manufacturing companies to outperform the broader markets.
Surge in US Dollar likely to continue given global economic uncertainties: Emkay Wealth Management
The US Dollar index, which tracks the greenback against a basket of currencies of other major trading partners, touched 104.28 in June 2022. The movement in the Dollar Index demonstrates the strength of the US unit and is likely to have a trajectory in the coming months.
ETMarkets Smart Talk: FDs might be attractive for common man but equity gives 12-14% over a 10-yr period: Dr Joseph Thomas
"The asset allocation strategy is to be linked to the risk profile of the individual. However, in the case of a moderately aggressive risk profile or investor, at the current market levels, equities may be around 60 % and the rest in very short-term debt with an option to re-deploy another 20 % of very short debt into equity over the next two to three months."
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