Shares of Hindustan Aeronautics Ltd (HAL) fell over 5% in intraday trade on Thursday even though the broader market sentiments have a bullish undertone. The stock is currently trading at Rs 4,212 on BSE near the day’s low. HAL has had a stellar run at the bourses in the last one year, delivering multibagger returns … Read more
“But definitely there are pockets whereby the valuations are far ahead of the fundamentals to various reasons whether there is a frenzy or a low float or something like that,” says Devender Singhal, Kotak Mahindra AMC.Well, I think the market has been toppish for a while and that is what a lot of people have … Read more
“If an investor had invested Rs 1 crore at fund lunch the value would be Rs 1.82 crore at the end of July which means Rs 82 lakhs of wealth created in just over 2 years,” says Aditya Sood, Fund Manager, InCred Asset Management. In an interview with ETMarkets, Sood said: “This is primarily due … Read more
ET Intelligence Group: Foreign investors are enhancing their exposure to the Indian automobile sector at a record pace, enthused by earnings that have exceeded consensus estimates, supported by lower raw material prices and an improved product mix.According to data from NSDL, foreign investor weightage in the auto sector reached a record 8.10% in July on … Read more
Pramod Gubbi, Co-founder, Marcellus Investment, says there are pockets of reasonable valuations within the market or if they are fairly valued, there is enough predictability in terms of earnings growth. That is what a discerning investor should do. We have to work with the constraints that the market has provided.Amidst all the chatter about high … Read more
ET Intelligence Group: Foreign investors are increasingly favouring India’s discretionary consumption and capital expenditure sectors, ramping up equity allocations in Asia’s third-largest economy following a brief pause. The capital goods sector saw the largest increase in weightage among major sectors, contributing 131 basis points to reach 5.71%. The auto sector’s portfolio weight rose by 115 … Read more
Nifty-500 companies have reported a robust performance in the fourth quarter of FY24 primarily driven by domestic cyclicals like BFSI and auto sectors, stated a report by domestic brokerage firm Motilal Oswal. However, global cyclicals such as Oil & Gas (O&G) and metals dragged down the index, the report said. Nifty-500 companies recorded a 7% … Read more
“Achche din ki sabse badi guarantee hai the growth in the GDP. So, India having reached fifth largest economy status and all the pundits and all the gurus from IMF to investment houses to all the economists predict that India will be number three in a very short duration of time,” says Puneet Chhatwal, MD … Read more
Ramesh Mantri, CIO, WhiteOak Capital AMC, says when we look at combined fundamentals and valuation, there are some sectors where fundamentals are very strong, but valuation is very high like industrials, capex related and then smaller industry segments like defence, electronics and manufacturing. The fundamental corporate earnings have been good but the valuation is high. … Read more
“Do not be too aggressive in how your portfolio is constructed. That is our broad tone. There are multiple reasons for it. And if you go through why India has done well over the last four-five years and pretty much from COVID to now, the key reason we think is it is a combination of … Read more
