Posts in category Economic Times
What is in store for the next few quarters for Tata Motors? Devang Mehta answers (14-05-2024)
Devang Mehta discusses Tata Motors' stock being fully priced in amid global demand slowdown, Zomato's strong management but low margins, UPL's recent surge, and sector rotation. He also analyzes potential corrections and new investor opportunities in the market. Mehta says: "A lot of companies are now fully priced in and there will be some correction if you disappoint a little bit or if even the sector disappoints a bit."
Bullish on smaller and midcap auto ancillaries and capital goods companies: Daljeet Singh Kohli (14-05-2024)
Daljeet Singh Kohli, of Vasuki India Fund, advises diversified investment in auto theme through ancillaries to avoid overexposure. Emphasizes on mid-sized capital goods companies for growth potential amidst market volatility. Kohli says: "We are not doing anything in our portfolio, we are just sitting tight looking at day-to-day activity in the market."
In 3-5 years, Piramal Pharma can see 22- 25% EBITDA growth margins: Nandini Piramal (14-05-2024)
Nandini Piramal projects early teens revenue growth for FY25 and 22-25% EBITDA growth margins in 3-5 years. Revenue increase drives margin expansion through cost optimization and operational excellence, with a focus on CDMO and Indian consumer products growth.
ETMarkets Smart Talk: Nifty hitting 24K is subject to Indian elections results and Middle East tensions: Sandeep Raina (14-05-2024)
Sandeep Raina of Nuvama projects Nifty50 levels at 24,000 to 25,000 based on expected EPS, influenced by Indian Elections and Middle East tensions. Market trends may align with US Fed’s policies, impacting inflation and equity performance. Raina further says that Indian markets will largely respond to the corporate earnings reports.
Fraud concerns raise red flags for India’s booming tiny IPOs (14-05-2024)
Earlier this year, regulators clamped down on equity markets financing to cool pre-IPO sale frenzy. Still, the nation’s market for first-time share sales remains vibrant, with 102 deals priced since the start of 2024.
On longer-term structural side, Goldman Sachs overweight on India & Indonesia: Sunil Koul (14-05-2024)
Sunil Koul of Goldman Sachs says FIIs are shifting focus towards China, causing outflows from India. FII allocations in India are still at 11-year low. However, strong Indian fundamentals are counterbalancing the outflows and there is a positive outlook post-election. DIIs are stabilising the market as emerging market appear attractive for investment.
We are positive on financial, pharma & auto; cautious on FMCG: Mukul Kochhar (14-05-2024)
Mukul Kochhar of Investec Capital Services discusses market reactions to potential election outcomes, emphasizing severe possible impacts and strong business momentum. He covers various sectors like financials, pharma, automobiles, FMCG, and non-ferrous metals, offering insights into each. Kochchar says he is optimistic because of the nascent shoots in the private capex cycle.
Hot Stocks: Brokerages view on AB Capital, Zomato, UPL and Varun Beverages (14-05-2024)
BofA Securities upheld a buy rating for Varun Beverages, while Jefferies suggested buying Zomato. AB Capital received an Equal Weight rating from Morgan Stanley, and Motilal Oswal advised a neutral stance on UPL.