NAMO has a penchant for announcing big-ticket reforms like demonetisation, GST, Bullet Train etc. Krishna Memani, a distinguished fund manager, has cautioned that some of these measures have been disasters and caused problems. He has advised NAMO to focus on growth and bring the economy back on track
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- Prashant Jain's 3P Fund & Vikas Khemani's Carnelian Fund have invested in Interarch Building ProductPrashant Jain's 3P Fund & Vikas Khemani's Carnelian Fund have invested in newly listed Interarch Building Products. IPO was at ₹900. M-Cap is ₹2500 Cr. Promoters hold 53%. Co provides turnkey pre-engineered steel buildings. Order Book is ₹1350 Cr. Demand is growing due to PMAY-U and other Govt schemes etc
- IREDA is a good buy for target price of ₹280 (25% upside)IREDA's business growth & margins are aided by Govt’s focus on renewable sector. Foray in retail segment is aiding delivery of steady return ratio on a sustained basis. Capital raising of ₹4500 Cr will aid future growth & is book accretive. TP ₹280 (25%)
- Vikas Khemani is "highly bullish" on the IT sectorVikas Khemani says he is "highly bullish" on the IT sector & that it is one of the "best opportunities"to benefit from the US interest rate cycle. BFSI spending is picking up in the US. Tier 1 cos are reporting robust growth. His Fund holds Newgen Software
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