INDIA GROWTH STORY
No doubt in India's long term story; don't see much scope for big earnings downgrade: Sanjeev Prasad
So, at this point in time I do not know whether there is much scope of earnings upgrades. Also, keep in mind the fact that in the last few quarters, a lot of earnings growth has come from positive surprises or increase in profitability and margins, not so much as volume growth. And fortunately, in some sectors, we are still not seeing really meaningful signs of volume recovery.
View: Budget 2024 must show the way to 2030
Budget Expectations: India is in a favorable macroeconomic position, with growth rates higher than all large economies. Despite the conflicting GDP-vs-GVA metrics, food and retail inflation have eased. The twin deficits are in good shape, with the current account balance recording a surplus in Q4 of FY24. The revenue upside from the higher-than-anticipated RBI dividend and healthy tax revenues suggest a comfortable fiscal scenario. However, there are unevenness in sectoral growth, consumption trends, and sentiment.
How to play India's growth story through wealth management
So, in a sense the whole play is on India but focus is on wealth and we use all the other pieces to sort of support the wealth management and its growth.
India providing enough secular themes for global investors for medium-term: Surendra Goyal
So, more medium term, that is how we think about it and it does provide some kind of a support, say for example, this year in the first four-five months we saw foreign outflows, but yet the market has continued to see a nice move up.
Power is going to be a multi-decadal growth story: Shreyash Devalkar
As a result, we are seeing good flows in the multi-cap category compared to large-cap, which used to be the case earlier. Even the large-cap category has started getting returns. So yes, this is widespread and increasing as of now.
Next 5 years may belong to REC & PFC; housing a 25-50-year story: Deven Choksey
REC and PFC are not expensive and given the kind of balance sheet strength that they have created and the kind of liability franchise that they have, these companies would eventually have far better performance to talk about. The next five years could belong to lenders like REC, and PFC in India, says Deven Choksey.
ETMarkets Smart Talk: Union Budget 2024 likely to focus on fiscal discipline, tax rationalization & driving capex cycle: Jiten Doshi
While the market did react sharply to a scare of discontinuity against single-party-majority system which we witnessed for the last decade, it soon corrected upon assessing the construct of the new coalition and the structure of cabinet which clearly drives on a dominant thread of continuity in the core ministerial council and portfolios – giving market a comfort on no possible diversion from the expected policy path when it comes to economy and capital markets.
Participating in the India growth story through Nifty50 ETF
A Nifty50 ETF or exchange-traded fund is a passively managed fund that invests in the constituents of the Nifty50 index to replicate its index constituents and consequently its returns.
India Ratings’ Devendra Pant on how water shortage can impact economic growth
Devendra Pant, Chief Economist at India Ratings, highlights the long-term impact of water scarcity in India on agriculture, manufacturing, and hydroelectricity production. He emphasizes the need for immediate action by policymakers and citizens to address this critical issue. Pant says water scarcity is going to have an impact. and not only in agriculture, unless we develop or have those seeds and crops that can withstand extreme weather conditions.
India best emerging market story; haven't ever seen valuations and fundamentals so attractive: Mihir Vora
The US economy has been much better than expected. It has been stronger for longer and of course, then it also translates to higher interest rates for longer, probably, but the fact is that the US economy is doing quite well.
Cannot avoid market momentum but be a little more selective: Mayuresh Joshi
The entire ecosystem will see accelerated investments and the government push through regarding the capex needs. Also, railways as a theme, defence as a theme, and shipbuilders as a theme will continue. Execution is going to be extremely important out here, says Mayuresh Joshi. He further says the earnings story and earnings growth should continue to remain strong in select domestic-focused sectors
Sector-wise fundamental analysis of Indian stocks after elections
Investing in quality companies and adopting a long-term SIP approach can maximize benefits in India's growth journey towards a $10 trillion economy through essential infrastructure development.
Are FIIs getting into a big buy mode in India? Dipan Mehta answers
On days of positive FII flows largecap stocks will do exceptionally well because those are the ones that they really are targeting and if FII buying, even FII selling, stops in some of the largecap index stocks, local money will ensure that the stock prices move up, says Dipan Mehta
India's consumption story augurs well for our growth: Venkatesh Vijayaraghavan, TTK Prestige
TTK Prestige over the last 30-40 years, if you were to look at, has been making strides in terms of innovation, in terms of growth. Like in every organisation, we do believe that what has taken us so far here will not necessarily be the right thing to do.
India story strong but vulnerable to bit of profit taking in short term: Jonathan Schiessl
I think the underlying India story still looks very strong and so that yes, it is at the moment just the market is probably vulnerable to a bit of profit taking in the very short term.
Services export boom is most unheralded story of India in last five years: S Naren
And I do not like to name companies, but most of the financial services companies in the world are dependent on their Indian global competency centres to do all kinds of work for them and that is the biggest positive that has happened and due credit to India for having achieved it over the last five years because 10 years back we had IT services companies, we did not have GCCs of the scale.
India story remains intact; push on infra, manufacturing to continue: Vikas Khemani
I think again within infrastructure you could see a lot more happening on the port side, lot more happening on thelogistics betterment side, that I think is a very-very critical need in terms of if India has to leapfrog from here.
Utpal Sheth on key megatrends that can shape India's future growth
“Even one megatrend will create multiple types of opportunities, multiple types of companies and business models that you will be able to participate in. I think the way the financial savings in the country will get channelised will be another megatrend,” says the CEO of Rare Enterprises.
Housing finance companies to do well over the next 2-3 years: Madhu Kela
Even pre-election, I had an interaction with media and I said that I am very constructive on the overall financial sector, so I remain constructive. I think some of the corporate banks are also available at very reasonable valuation compared to their historical past, hardly any return is being made in the last four-five years, I would argue it is a good thing to have them in your portfolio. However as you rightly said within the whole sector the biggest opportunity might be in the housing finance sector basically because the companies are available at a very reasonable valuation.
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