HELIOS INDIA
Market to be volatile and move in a fairly tight range till Budget: Dinshaw Irani
Dinshaw Irani says that Helios has been so bullish on the financial sector that they brought out a first sector dedicated fund from the house of Helios which closed on June 14; it was a financial services fund. Anyway, Helios id loading up on that particular portion as such in the and fortunately most of the stocks are in the largecap space.
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.
AbleCredit raises $1.25 million in funding round led by Merak Ventures
AbleCredit raised $1.25 million in a seed round led by Merak Ventures to address the credit gap in emerging nations using innovative AI solutions, aiming to process one million loan applications for small businesses.
How will markets react on election result day? Dinshaw Irani answers
Obviously, nobody needs any tinkering around with the capital gains taxes and stuff like that where we hear a lot of soundbites coming out. So, if that is out of the way, I do not see any problems in the space that we are in today. Frankly, I mean, this is the way forward for the government also, if they are looking at growing the economy and keeping the word of 5 trillion plus kind of GDP and stuff like that.
Foreign equity investors turn to hedging on India election jitters
Foreign investors are loading up on options to hedge their equity portfolios against a slide in benchmark indexes as they worry that Prime Minister Narendra Modi's party may not achieve the landslide victory predicted by opinion polls just weeks ago.
Foreign equity investors turn to hedging on India election jitters
The last major poll had estimated that the ruling Bharatiya Janata Party (BJP) party would win 342 seats, comfortably above the 272 majority required to return to power.
Five mutual fund houses files draft offer documents with Sebi
Out of these six funds, four funds will be passive funds (ETF and Index) and two will be sectoral funds. Motilal Oswal Mutual Fund has filed drafts for Motilal Oswal Nifty500 LargeMidSmall Equal-Cap Weighted Index Fund and Motilal Oswal Nifty India Defence Index Fund.
How will markets move in runup to Budget after elections? Samir Arora answers
I think macro still is okay because you can always live on hope that after six months there will be interest rate cut and all that does not really matter beyond a point.
It’s okay to go bullish till Budget and evaluate for next 6-9 months: Samir Arora
Samir Arora, Founder & Fund Manager of Helios Capital, discusses the recent BAT sale of stake in ITC, the strategy of retail investors, the performance of Paytm, PhonePe, Zomato, Bitcoin, and gold, and advises to remain bullish till budget for the next six-nine months. Arora says "too much money flow thing is a reason why everything is good news. Everything is not good news in life."
Just 7 stocks doing well in the US more justifiable than Indian smallcaps doing so well: Samir Arora
Samir Arora says coming to smallcaps, it does not matter if there is a graceful correction or a sharp correction because broadly the outperformance is unrealistic and not in line with any form of history, provided the cycle is over. In the middle of the cycles, there have been similar outperformance in previous phases also. So, it is basically not an avoid, but one has to scrutinise a lot before buying a smallcap.
Play for the bigger themes and bet on India, says Samir Arora
Samir Arora of Helios Capital discusses valuation, investment strategies, and risk management in the Indian market. He emphasizes the missed opportunity in the pharma sector and the underperformance of the consumer sector. He said willing to buy consumer stocks at 40-50 PE if the companies are growing 25-30% per annum for the next few years at least. That is the only thing we will buy in consumer even if the valuations are high. That is why we have Zomato and Varun Beverages .
India too big to ignore; where to find value in a market hitting record highs? Samir Arora answers
Samir Arora, Founder of Helios Capital, discusses the performance of HDFC Bank, his investment in Paytm, and the attractiveness of PSU names. He highlights the impact of mega trends like digitisation and China plus one strategy on the Indian market. Arora also emphasizes the importance of FII flows. Many investors following trend had landed up in China and put big amounts and have burnt their fingers. They now want to come to India
Good to see newer companies getting listed, but need to be selective: Dinshaw Irani
Our belief is that going forward, it will be the finance segment which has been not doing too well of late because the heavyweights are not doing too well. But as I said that, it is mainly because of the liquidity constrain in the market today that they are not able to perform so well. I think RBI also cognizant of the fact that maybe we will see some kind of easing of liquidity in the near future, so that should help the banking sector
We have moved outside our normal range by going into PSUs, but we stop at metals: Samir Arora
Samir Arora says: “I always used to say I do not like PSUs and now, we have six PSUs in our portfolios. We have HPCL, IRCTC, SBI and Bharat Electronics among others. We bought one QIP and sold it off. So, the point in general is, right now, if you say what we will not buy, we normally say we do not buy where the government is a large customer in infra. Now, let us see how long we stick with it.”
January may not be good for market as IT, consumer results could be truly bad: Samir Arora
Samir Arora says: “When IPOs, which are oversubscribed 70, 80 times, if they are opening 10 and 20% higher, you know the end game is somewhere near. I really believe that some of the consumer durable, consumer discretionary stocks, other than auto and IT will be really bad. Let us see.”
Forget FOMO, Dinshaw Irani would avoid chemical stocks. Here’s why
Dinshaw Irani says: “Among the commodity players, we do not like the cement space. We think there is enough capacity and beyond, just because of the price discipline that they have, they are managing to go ahead and we have seen that. There have been pullbacks in prices and all that. It is not a comfortable space to be in or the players are fairly stretched on valuations.
Enjoy the 5-10-20 year ride; don’t go around tweeting one day’s return on one stock: Samir Arora
“Some of the largecaps have been doing well otherwise, for example the consumer stocks like Levers. Then there are the IT stocks and the financial stocks. Broadly, we believe that the financial stocks have actually been delivering but they have not gone up and so they shall outperform. That is we hope and pray and position ourselves for.”
Largecaps have to kick in now and participate in the Santa Rally ahead: Dinshaw Irani
“There are only 150 midcaps to play with whereas anything beyond 250 is smallcap. So, there are still some pockets of value within the smallcaps. But in the midcaps, some valuations are stretched. We are looking at a Santa Claus rally going ahead. We will see largecaps participating in this one.”
Why Helios’ Dinshaw Irani is avoiding the IPOs, FMCG, IT and paint stocks
“FMCG is one area which one needs to avoid. I do not think sustenance of 60-70 PEs for most of these stocks – I am talking about one-year forward PEs – is possible, given that even the rural markets are not firing and the growth rates are in low teens or even high single digits as such. So, that is one area that you need to avoid.”
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