GROWTH DRIVERS
What are the primary drivers for value creation? Utpal Sheth explains
Most companies think of growth in a very finite way. But in new-age business models, maybe networks and platforms, the marginal costs are constantly dropping or are very-very low and therefore the returns to scale are phenomenal. The marginal value creation of adding one customer is so massive in the context of the cost of acquiring that customer. So, we know that a lot of venture capital funds use LTV to CAC as a framework of looking at companies.
Expect market to consolidate; be a buyer on dips: Surendra Goyal
So, it is a lot domestic in nature and that is what in our view is driving the markets more. And even from a flow perspective, it has been all about domestic flows and not as much about foreign flows so far this year.
ETMarkets Smart Talk: India’s small & midcap are commanding premium valuation than the world SMID: Sahil Kapoor
Equity markets continue to scale new highs and trade at rich valuations. Small & Midcap stocks continue to trade at expensive valuations, which is a sign of caution.The Nifty 100 Index is trading at 22x 12-month forward earnings, Nifty Midcap 150 is at 32x, Nifty Smallcap 250 Index is at 24x 12-month forward earnings.
ETMarkets Smart Talk: FPIs can't afford to ignore the markets for too long: Milind Muchhala
The economic environment remains on a sound footing, as reflected in the various indicators (PMIs, GST, CAD, Forex Reserves, etc.), and so does the overall corporate earnings momentum, which is also supporting the buoyancy.
What made Nomura turn bullish on Indian IT sector? Abhishek Bhandari answers
Nomura's bullish stance on Indian IT credits G2000 data stabilization, benefiting midcaps like Persistent, Coforge, and Birlasoft. Wipro's new CEO Srini stabilizes leadership and growth. Discretionary cuts stabilize; US rate cuts expected. Coforge-Cigniti deal boosts testing. Annuity-driven businesses grow. Banking portfolios, large deals vital. FY24 saw midcaps grow 10%+. QoQ growth set to improve.
Revenue growth to be quite significant for next 2 financial years: Saurabh Gupta, Dixon Technologies
I do not want to give you guidance on any number, but clearly the order book looks extremely healthy, not only across mobile vertical which is the largest trigger for our growth, I think so even IT hardware opportunities looking very promising.
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Is it time to start buying IT stocks? Macquarie’s Ravi Menon explains
The IT sector anticipates growth is being driven by AI and enterprise technology spending amid concerns over interest rates and consulting demand. Companies like Tata Technologies are facing valuation challenges in the engineering services segment, contrasting with positive growth prospects for IT services, says Ravi Menon, IT Services Analyst, Macquarie.
Tough to sustain GDP growth above 7.5%; time-wise correction in market likely: Neelkanth Mishra
As mutual funds are sitting with Rs 1 lakh crore of cash, whenever there is a 4-5% drop from the peak, there is a spate of buying. So equities as an asset class are not seeing sharp drawdowns and in the short term make it safer to invest in and attract more funds. That is the cycle we are in, says Neelkanth Mishra.
Company to grow at a CAGR of 22% to reach $ 1 billion by 2031: Venkatraman Narayanan, Happiest Minds
From here, you will have to essentially again build on the base of the organic muscle that we have and we will also have to add on a couple of acquisitions as we navigate this growth towards 2031 and a billion dollar dream. So, that is where we are.
Industrials strong, but be careful about valuations: Hiren Dasani of Goldman Sachs Asset Mgmt
"Emerging market equities, as an asset class, are not seeing inflows. They have seen outflows. The US is doing much better than the broader emerging market. The other dynamic is there is also a very strong AI (artificial intelligence)-driven theme that is driving the markets like Taiwan, which is a global supply chain for the entire AI-related and semiconductor segments"
Fund Manager Talk | PSU stocks in 3 sectors offer value for long-term investors: Charanjit Singh, DSP Mutual Fund
We expect the Government to remain focussed on infra investment even during the third term. Since FY21, the government has focussed on building infrastructure with central government expenditure rising from 1.7% of GDP in FY21 to 3.3% of GDP in FY24.
Dinesh Kumar Khara picks 4 sectors which are on cusp of strong growth
Well, of course, I think the way things are emerging, I always say that the growth is a function of how the GDP or the macro will look like and our expectation is that the macro growth should be somewhere in the range of 7.5 to about 8. And if at all that is the kind of a situation, I think around 14-15% kind of a growth should be a reality.
We are balancing our focus on both ICE as well as EV: Anish Shah, Mahindra Group
So, all three businesses or segments will be self-funding and the numbers we have given for the auto business in terms of capex will essentially come from within the auto segment and that is something we feel is required for growth and something that will drive future growth of the company.
India can achieve a growth rate of 8-9% by 2031: KV Kamath
Today, capital growth happens through cash accruals, through equity raising as required, and access to capital markets, so that part is probably going to be so in the future also, except for infrastructure. So, where will financial services then, as we understand, go? Basically, it will need to drive the aspirations of the people. The retail at large and this is so everywhere in the world.
Consolidation will drive cement stocks higher this year: Rakesh Arora
Logically, it makes sense, but the reality is that government is unlikely to do that change anytime soon. A lot of revenues earned from cement GST. Also, there is a feeling that the cement industry may not really pass on the benefit of lower GST to the consumer, so that is also one of the another challenges. So, while logically, it makes sense, meaning I am not really expecting it to happen anytime soon at least not in the next 12 months.
Global rates will come down, India certainly to be a top beneficiary: Jose Vinals, Standard Chartered
The Indian elections resulted in a surprise, denying an outright majority to the BJP. Despite this, prospects of strong growth through Narendra Modi's third premiership offer comfort to international businesses, as highlighted by Jose Vinals, chairman of Standard Chartered.
Expect 13-15% earnings growth in FY-25 driven by topline growth, margin expansion: Venugopal Garre
Remember, we have not even yet seen a rate cycle decline as well, so those are the levers which come through late in the year from a support point of view for macro.
Infra sector going to be challenged; time to take a pause: Rupal Bhansali
Ironically, I actually think it is a very healthy development. I know the market reacted quite negatively. Obviously, vis-a-vis expectations, it was certainly an upset loss.
'We expect rupee to be the best-performing Asian currency in 2024'
India remains a top choice for global investors despite recent outflows, with a positive outlook for the Indian rupee and potential Fed rate cuts impacting the US dollar's performance.
Hemang Jani's top stock bet from pharma sector
But nonetheless, I think even when it has not performed so much, I think if somebody has to put fresh money, I think it surely makes a lot of sense given the performance, valuation comfort, I do not see much of a challenge over there. And recently, the fact bond yields went down when you had that big dividend payout, I think there was a bit of an outperformance. So, I think you could look for some more outperformance at least over the next 6 to 12 months.
Are we headed for a sell-on-news market on June 4? Siddhartha Khemka explains
Siddhartha Khemka assesses Paytm's situation, noting the impact of RBI regulations on the banking business. He emphasizes the need for management changes and regulatory approvals for growth in the lending and distribution segments. Khemka also says that they have a buy rating on both Jindal Steel and JSW Steel and also have a positive view on Coal India as well as NMDC which are dependent on the overall metal pack.
India in one of the best wealth creation and earning growth cycle for next 8-10 years: Vikas Khemani
Of course, if an outcome where this current government is not able to form the government, then I think there will be serious questioning about the pace of the reforms and potential disruption of the growth, all those things, so I think that is the one thing that one has to very clearly keep in mind.
For fleet operators, revenue growth to double to 9-11% in FY25: Report
CRISIL Ratings predicts that road transport fleet operators' revenue growth will double to 9-11 per cent this fiscal, driven by better domestic demand and tepid exports. Operating margins are expected to improve 75-100 basis points due to better fleet utilization and steady fuel costs. Operators may moderate capital expenditure for fleet expansion, following strong additions in the past three fiscal years.
2 sectoral bets from Ganeshram Jayaraman for next 2 years
This has led to a very positive capex cycle, likely to start private sector capex cycle. This very good profit growth also led to strong government capex because tax collections were buoyant. So, it was a very strong demand, supply, earnings and valuations cycle.
V-Mart expects to grow 18-19% this year, says Lalit Agarwal
Lalit Agarwal, Founder & MD of V-Mart Retail, aims for 18-19% growth in a value-driven retail sector. Improved footfalls and consumer demand in smaller towns are observed. Efforts focus on providing best products, prices, and catering to Gen Z preferences. The Limeroad acquisition's impact on online burn and future scale-up plans are under scrutiny.
Don't see sustained FII outflows from India: Mihir Vora
It cannot be risk off because US markets are doing so well so maybe the US market itself is acting as a magnet for global flows. So, it seems to be more of a GEM, global emerging market, outflow out of which India is typically 10%, so when money flows out of global funds you do get redemptions in India and some of the positioning may be because of that.
Fund Manager Talk: Why Mahesh Patil isn’t the one to time election outcome
The March quarter has seen a slowdown in the topline growth across sectors as the nominal growth has moderated on the high base of last year and cooling off of inflation.
We expect 8% return from Nifty in INR terms for CY-24: Venugopal Garre
While at this juncture where we are, I will probably say that a win is definitely priced in, for sure, but probably in the 330-350 range, so it is that range which is getting priced in at this juncture, which is more or less something which they achieved in the previous election phase as well.
Chinese smartphone companies looking to expand their footprint face a loud adversary—Indian retailers
Chinese smartphone brands face retailer backlash in India over low margins, delayed payments, and stock issues. Retailers demand higher margins and timely settlements, impacting brands' offline expansion plans in a shifting smartphone market.
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