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Strong FII flows may come back into India post elections: Ashi Anand
If you just go over the last six months, one year, two years, three, five, it is very consistent that India and the US, these are the only two parts of the world which actually have growth and you have momentum in the markets.
What to expect from the Indian stock market next week? Ashi Anand answers
Pharma is something that we are expecting to do reasonably well. Consumption is another segment and it is a very important part of the market, but consumption growth is clearly kind of subdued.
Will the rally in PSU stocks continue? What to buy there now?
Ashi Anand, CIO of Valcreate Investment Managers, finds PSU banks, particularly SBI, attractive. Defence sector and Bharat Electronics are promising. Power, infra, hotels, and hospitality sectors show potential. Small finance banks need proven value creation. Consumer staples await demand growth. Private banks face valuation ceiling. OMCs is seen as a space where one can trade and currently there is momentum, but this is not a space where a longer-term value creation opportunity is there.
We are seeing very strong momentum in smallcap space; froth can continue over short to medium term: Ashi Anand
Ashi Anand says: “Timing when the markets will turn and when largecaps will start delivering more than small and mid, is very difficult. But the danger with investing in smallcaps at this point in time is that when markets turn, what you have seen historically is that when small caps fall, they can fall very, very sharply and at very low liquidity. So you may not be able to get out.”
We have gone from a slightly more cautious to a more bullish outlook: Ashi Anand
Ashi Anand says: “From the longer-term perspective, we are very positive on discretionary consumption. Just over the slightly shorter term, we are seeing some amount of base effect having caught up. While rural consumers who have been weak for some time are coming back, in urban consumer part, we are seeing certain pockets of weakness.”
Why metals can’t be a long-term play. What to buy in consumer space? Ashi Anand answers
Ashi Anand says: “A large part of the consumer space has been struggling for growth. But there are certain segments which are doing relatively better. Anything linked to building materials, especially anything going into real estate, related to piping is doing very well and that is where Polycab fits right in.”
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We focus on those parts of the market where value creation is happening: Ashi Anand
“We have a strategy that we call concentrated microtrends where we are really focusing on those parts of the market where we are seeing value creation happening. For example, in BFSI, we see these banking franchises as being one microtrend, asset quality normalisation being another microtrend. The entire space looks very attractive over the coming decade as India as an economy grows.”
Zomato, Paytm will show sustained PAT profitability 2-3 quarters down the line: Ashi Anand
When Nykaa was listed Zomato, Paytm, all of these were highly loss-making and none of them had a clear path to profitability. Nykaa, Info Edge and EaseMyTrip were the very few digital platforms that could actually make money. When listed market participants were trying to value companies, it was a lot easier to value a company which was profit making.”
Why is the financialisation trend in India more structural in nature? Ashi Anand explains
“We have seen clear trends of financialisation of savings over the last five or seven years.We can see this across the number of demat accounts being opened, the way SIP books of mutual funds have increased, growth of the PMS of the AIF industry. We are still in very early days of this trend.”
We are seeing greater value and comfort in largecaps: Ashi Anand
"In the small and midcap space, we have seen very sharp run-ups especially in anything related to capital goods, defence and railways. We are more concerned around mid and smallcaps compared to the largecap space. We are seeing greater value and greater comfort in largecaps. That is broadly the way we are seeing the market."
The rise of the MSME sector in post-pandemic India
With turnover as one of the criteria, there is now unmistakable evidence of MSMEs getting bigger with several units crossing the threshold of ₹250 crore turnover and turning mid-sized corporates by the new definition of MSME. This indicates that MSME units are getting forward-integrated with manufacturing value chains.
Stocks in the news: Wipro, Jet Airways, RCom, Lupin, PNB Housing and Allahabad Bank
Meanwhile, Bharat 22 ETF components are likely to be under pressure on Thursday.
Rafale deal: There was no pressure from Indian side on choosing Reliance, says Dassault CEO
If it was double the price, I would have been sent back to France without any contract. Compared to the same (UPA) price, India brought down the cost by 9%, said Éric Trappier, CEO, Dassault.
Long-term investors should look to buy NTPC on falls
Increased capacities will help in improving return on equity to 15.5% as against around 8-12% returns that can be generated from treasury operations.
Recommendations called for best workable model on solid waste management: Mufti Mohammad Sayeed
Mufti Mohammad Sayeed directed the Housing and Urban Development officials to submit recommendations within one month for choosing the best workable model for solid waste management.
Drones still out of reach for tech-savvy Bengaluru city cops
Cities like Chennai, Mumbai, Ahmedabad and Kolkata are using drones during group clashes, mob violence and during popular festivals.
Wipro ends day 6% down despite in-line Q4 earnings
Wipro ended the day 6 per cent down in trade on Wednesday, a day after the company announced its quarterly earnings.
Retail investors seem to have lost out in current market rally: S Naren, ICICI Prudential AMC
The market is down by half from its peak valuations, with so many sectors trading at the lower end of valuations.
CIL unions serve three-day strike notice
Five central trade unions represented by INTUC, BMS, HMS, AITUC and CITU have served a three-day strike notice from September 23rd to September 25th.
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