NET EMPLOYMENT OUTLOOK
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 25%
Every now and then the nifty keeps witnessing volatile movement, the difference this week was amidst all the intraday volatility because the bias of volatility has changed, nifty was able to touch a new high. Also because market breadth was positive, the trend for the majority would be bullish. Given the fact that macros are shaping for good, it appears that there is no reason for bulls to leave their control any time soon. While being bullish, be ready for a phase of volatility. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Being bullish & being cautious are not antonyms: 4 largecap stocks from different sectors with upside potential of up to 41%
There are a number of times when one hears on the street, that indices and stocks have gone so high, how much higher it can go, so forget it. Essentially the underlying feeling is that just because the nifty and sensex has moved up now it will not move so let's not invest. That is probably the worst mistake one makes because at every level, this narrative comes. When nifty was 20,000 this argument could have been made, now at 24,000 also this argument can be made and when nifty is much higher, the same argument will be made. One needs to look at the broader picture, there is no reason why one should not be bullish about India, but that does mean one should not be cautious in terms of selecting the stocks. so , continue to be bullish, also be cautious and invest in a manner that short term profit booking moves don't make you anxious.
Job Market Outlook: AI integration set to boost employment in financial and real estate sectors
Manpower Group's latest Net Employment Outlook for June to September 2024 showcases positive trends in India's employment sector, ranking sixth globally. Despite some decline, the Financial Services and Real Estate sectors are driving growth, with AI integration expected to further boost employment opportunities. Various sectors and regions display differing hiring intents, reflecting cautious optimism amidst ongoing global challenges.
Focus on the core business and track record: 4 midcap stocks from different sectors with potential upside of up to 31%
With election results behind us, the focus of the street is on the first budget of this government. In the run up to the budget market may stay in range bound mode and post budget there could be a strong directional move. If that directional move is in upward direction, there is a high probability that mid caps would once again see another round of party. So, while being bullish, one should also be more careful in selecting the stocks. See if the company has a track record of paying dividends. While the dividends are ignored in general by investors and more particularly in a bullish market as the whole focus is on capital gains. The fact is that a dividend is a reflection of the underlying business and that is what one owns when one buys a stock. We take a look at 4 stocks, which on one hand have seen an improvement in their score in the last one month, plus they have outperformed nifty and they also meet the certain critical criteria on financial ratios.
Companies cautious on short-term hiring, but overall outlook stays upbeat
Employers in India are showing caution in short-term hiring for the July-September quarter, with a net employment outlook of 30%, six percentage points lower than the current quarter and the same period last year. While 48% of employers plan to hire more people, 18% expect a decrease in hiring or have no plans to hire. The most optimistic sectors are finance and real estate, healthcare and life sciences, and IT, while communication services and transport, logistics, and automotive are less optimistic.
Reality behind the 8.2% FY24 GDP growth is not as robust
The 8.2% FY24 GDP growth reflects a modest deceleration from 3QFY24 at 8.6%. Real gross value added growth slowed considerably in 4QFY24 to 6.3% from 8.3% in 1QFY24.
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India seen to emerge as an economic superpower in impending problem-ridden global financial landscape
Global recession risks have diminished, but inflation concerns threaten financial stability. The IMF, World Bank, and rating agencies forecast a slowdown in global growth, citing Middle East conflicts, financial stress, persistent inflation, and reduced international trade as key risks. The IMF's Global Debt Monitor reveals global debt at $235 trillion, or 238% of global GDP, raising fears of a debt crisis. Fiscal prudence may suffer as many nations face elections this year.
Growth momentum likely to stay in Q1FY25: FinMin
The finance ministry's April report predicts strong economic activity in FY25, with rising industrial activity and fixed investments. Positive macro-economic indicators include a bright manufacturing outlook and improved services sector, supported by increased capacity utilization and EPFO data.
This banking stock gave 22% returns last year; is Equitas Small Finance Bank stock a good buy now?
Equitas Small Finance Bank’s 2022-23 annual report expects a Rs.22 lakh crore market for small business lending, backed by residential property. A recent Centrum Broking report states that the company is poised to double its AUM within the next three years, supported by its improving deposit franchise and distinct client segments. Its comfortable valuations at 1.4 times based on 2025-26 P/ABV (price to adjusted book value) presents an appealing opportunity for entry, adds the Centrum report. Should you invest in Equitas Small Finance Bank now?
Higher ability to withstand sudden headwinds: 5 largecap stocks with right mix of RoE & RoCE
There are two kinds of risk in equity markets, first the overall market or asset class risk. Second is individual risk. First risk is not under control of anyone, because it can hit the market due to any reason, right from any geopolitical uncertainty to any monetary event in any part of the world. Probably the first kind of risk got played recently with the flip flop of the US and development in the middle east. The second risk which is individual risk is about the choice of the stock which one buys. In equities after a point of time it is more important to manage individual risk than to take risk. In equities the risk is more in the short term, over longer term, it is not very high. One way to manage risk is that when valuations are high, move to companies which have strong and large balance sheets and have seen many economic cycles and have survived the slowdowns in the past.
Green careers report: Understanding green jobs and their increasing demand
Green jobs are on the rise globally, with India aiming to double its green job count. The industry focuses on upskilling, collaborating for R&D, and leveraging government initiatives to meet the demand for green skills.
Climate disruptions, biofuel policy again turn the heat on edible oil
Going by some recent developments around the world, edible oil trade agreements should have a provision for climate-related disruptions also.
Focus on digital health leads to emergence of new roles in healthtech
The healthtech sector is experiencing significant growth in 2024, with a focus on digital health creating new roles. Despite challenges like funding winter and cost efficiencies, employment in healthtech has increased by 74% over the last two years. Key positions in demand include software developers, data scientists, and sales managers, with a preference for skills in Python.
EPFO Payroll data shows surge in youth employment; 15.48 lakh net members added in February 2024
The EPFO's provisional payroll data for February 2024 reveals a significant increase of 15.48 lakh net members, with the 18-25 age group constituting 56.36% of new additions. The data also shows a positive trend in female employment, with around 2.05 lakh new female members added during the month. The release highlights a diverse workforce, with growth seen in various industries. Overall, the data reflects a positive outlook for youth employment and inclusivity in the workforce.
Healthtech sector hiring up 9% in 2023 despite startup funding winter
India's healthtech sector saw a 9% increase in hiring in 2023, despite challenges such as reduced investments. Sales and business development roles were the most sought-after, followed by technology and product development positions. Companies are actively recruiting professionals in software development, data analytics, and quality assurance. Top roles in demand include DevOps Engineer, Mobile App Developer, and Data Scientist. Python, .Net, and AI skills are highly valued. The sector anticipates a 15-20% employment growth in 2024, with companies like Access Healthcare and Tata 1mg driving recruitment efforts.
RBI policy, FII flows among 10 factors that will steer D-Street this week
The Reserve Bank of India's rate-setting committee will be meeting this week to announce policy rates and also give its commentary on the economy and inflation. D-Street is expected to track this bimonthly event.
FY25 outlook bright, need to watch out for CAD: Finmin
India's economic outlook for FY25 is positive with strong growth, stable inflation, and robust external account. The government's capital push boosts private investments. Focus needed on increasing domestic savings, monitoring global challenges, and attracting foreign investments for sustainable growth.
India has the highest hiring sentiment for April-June, says Manpower
Indian companies have the most positive hiring outlook globally for the April-June quarter, with a net employment outlook of 36%. The survey by Manpower Group also shows strong hiring intentions in sectors like healthcare, life sciences, communication services, and IT.
Hiring outlook for June quarter brightest in India: Manpower
India Inc's hiring sentiment for the April-June quarter is the highest globally, reflecting positive labour market trends. The outlook is attributed to the resilience of the Indian economy, political stability, and growth in sectors such as healthcare, life sciences, communication services, and renewable energy.
Employers in India most bullish globally on hiring in 2024 March quarter: Survey
The outlook for January-March 2024, calculated by subtracting the percentage of employers who anticipate reductions to staffing levels from those who plan to hire, stood at 37 per cent, up 5 per cent from the corresponding period of 2023, and same when compared with the last quarter.
Global captives buck the trend, likely to hire 30% more this year
Fresher hiring by GCCs will mainly benefit premier institutes, experts said. This comes as the top Mumbai-listed IT services companies, otherwise among the leading absorbers of fresh engineering and management talent, have decided to skip the campuses.
Companies have cautious hiring outlook for next quarter: survey
According to a survey by Manpower Group, employers in India expect measured hiring rates in the coming months. The study reported a net employment outlook of 37% for the upcoming quarter, with 49% of companies anticipating an increase in hiring. The information technology sector remained the top sector for hiring, followed by transport, logistics, automotive, healthcare, lifesciences, consumer goods, and services industries.
Employers in India anticipate measured hiring in next three months: survey
According to a survey by ManpowerGroup, employers in India are expecting a measured hiring pace in the next three months. Hiring intentions have declined by 17% compared to the same time last year, but have seen a marginal improvement of 1% on a quarter-on-quarter basis. The survey also found that employers are focused on investing in the professional development of their workforce and creating a positive work culture.
Hiring appetite positive for Jul-Sep quarter amidst layoffs, global economic slowdown, indicates survey
The survey states that the Indian labour market is indicating positive sentiments for the second quarter of FY24 and businesses in the IT industry continue to report the brightest hiring outlook. As many as 49 per cent of employers report higher intentions for hiring, while 13 per cent do not expect to hire, leading to a seasonally adjusted net employment outlook of 36 per cent, reported PTI, citing the survey.
Recruiting sentiment improves for July-September
In all, 49% of employers covered in the latest ManpowerGroup Employment Outlook Survey said they would hire more people in the September quarter, while 13% said they expected a fall in hiring intent or had no plans to backfill. About 34% planned to keep workforce levels steady and 4% were unsure of hiring intentions, according to findings of the survey shared exclusively with ET.
Degree apprenticeship learnings and outlook
The degree apprenticeship programme in India provides the opportunity for young Indians to generate income while undergoing industry-specific training. The programme takes place under a contract between an employer and apprentice and is now mandatory for companies with over 30 employees. Results from the last quarter indicated a 3% decline in the net apprenticeship outlook for the Jan-March 2023 period, but industries such as engineering, industrial, and electrical and electronics have been seeing an increasing demand.
Hiring intentions to remain marginally lower sequentially in Apr-Jun qtr this yr: Survey
"The government's aggressive investment in infrastructure and efforts towards ease of doing business by improving the connectivity between states is positively impacting the employment outlook," ManpowerGroup's India and Middle East Managing Director Sandeep Gulati said. Investment in upskilling, reskilling and a focus on preparing people for tomorrow's jobs should be the top priority of the management, he added.
Job market shrinks, but at slower pace
About 45% of Indian employers covered in the latest ManpowerGroup Employment Outlook Survey said they would hire more people in the coming quarter. While 15% of the employers expect a decrease in hiring intent or have no plans to backfill, 37% plan to keep workforce levels steady and 3% were unsure about hiring intentions, according to the findings that were shared exclusively with ET.
India Inc likely to get cautious in hiring during January-March quarter
About 48% of Indian employers covered in the latest ManpowerGroup Employment Outlook Survey, shared exclusively with ET, said they will hire more people in the March quarter, 16% expect a decrease in hiring intent and 34% expected to keep workforce levels steady. Only 2% were unsure about hiring intentions.
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