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staggered buying: ETMarkets Fund Manager Talk: Why is this asset manager cautious on markets and recommends staggered buying?

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staggered buying: ETMarkets Fund Manager Talk: Why is this asset manager cautious on markets and recommends staggered buying?

The gloomy global economic outlook, optimally projected earnings estimate, coupled with high quartile valuation multiples has prompted Waterfield Advisors to take a cautious stance on the Indian market. “The benchmark Nifty-50 is trading at over 20 times its 1-year forward earnings. Though this multiple appears reasonable, it is not cheap compared to other global and … Read more

margin compression: Tata Chemicals’ US & Europe exports to experience margin compression next year: R Mukundan

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margin compression: Tata Chemicals’ US & Europe exports to experience margin compression next year: R Mukundan

R Mukundan, MD & CEO, Tata Chemicals, says “the main issue which we will face going forward next year is going to be in terms of exports where compared to the pricing which we got in the export markets, we would see at least a $100 reduction. This is mainly out of exports coming out … Read more

Emami: Expect rural growth to initiate from Q1 or H1 of next fiscal: NH Bhansali, Emami

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Emami: Expect rural growth to initiate from Q1 or H1 of next fiscal: NH Bhansali, Emami

NH Bhansali, CEO-Finance, Strategy & Business Development, Emami, says “margins have really improved compared to the previous year and this has helped us improve on the EBITDA and the PAT by double digit despite a very low single digit growth. We feel this margin would sustain because in the past periods, there had been a … Read more

ITC: If India grows @6-7%, can ITC grow 14-15%? Here’s what Sanjiv Puri has to say

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ITC: If India grows @6-7%, can ITC grow 14-15%? Here’s what Sanjiv Puri has to say

Sanjiv Puri, CMD, ITC, says the Indian economy and even rural India has been very resilient. The infrastructure that has been created, the connectivity, focus on housing and digitisation, the direct benefit transfer and stuff like free food grain distribution are some of the very important steps taken in terms of the investment in the … Read more

Ceat: Expect Q4 to be a decent quarter in terms of growth versus Q3: Ceat CFO

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Ceat: Expect Q4 to be a decent quarter in terms of growth versus Q3: Ceat CFO

According to CFO, Kumar Subbiah, overseas export growth is an important priority for Ceat. Exports are 18-19% of revenue share. Three years back, it used to be about 10-11%. So, in the last two or three years, Ceat took various measures to increase the share of exports on overall top line numbers. In the next … Read more

Our only concern is CASA is not growing the way the other deposits are going up: K Satyanarayana Raju, Canara Bank

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Our only concern is CASA is not growing the way the other deposits are going up: K Satyanarayana Raju, Canara Bank

K Satyanarayana Raju, MD & CEO, Canara Bank, says they have grown CASA at 5.05%, but in the current quarter whatever growth they targeted for deposits, the same growth they want reflected in the CASA also, so that CASA growth year-on-year at least will touch 8% while deposits will grow at 8-8.5%. Raju further said, … Read more

raamdeo agrawal: There is a vertical growth in the capital market and money flow will become bigger as we go forward: Raamdeo Agrawal

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raamdeo agrawal: There is a vertical growth in the capital market and money flow will become bigger as we go forward: Raamdeo Agrawal

Raamdeo Agrawal, Chairman & Co-founder, Motilal Oswal Group, says “the capital market was extremely strong over October and November. September was very good. October was somewhat weaker. November picked up, but December was out of the charts and January is even better than December. So, momentum is picking up, as we come closer to budget … Read more

stocks to buy now: Looking for hidden gems? Look into these 3 sectors: Anshul Saigal

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stocks to buy now: Looking for hidden gems? Look into these 3 sectors: Anshul Saigal

Anshul Saigal, Founder, Saigal Capital, says “one should really focus on bottom-up opportunities, not worry about the market levels, market direction. As long as we have got good companies at reasonable valuations in our portfolios, over the long term, we will be very well-placed. And there is a lot of money to be made in … Read more

it earnings: Should we expect inline performance from IT majors in Q3? Mahantesh Sabarad answers

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it earnings: Should we expect inline performance from IT majors in Q3? Mahantesh Sabarad answers

Mahantesh Sabarad, Independent Market Expert, says “the way the IT sector has fallen suggests that probably much of the negative news is already factored in and there is nothing much to look forward to in terms of further negative news. If that is the case, there will be a sigh of relief that will come … Read more

FMCG recovery: Don’t expect recovery in FMCG before FY25: Abneesh Roy

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FMCG recovery: Don’t expect recovery in FMCG before FY25: Abneesh Roy

Abneesh Roy, ED, Nuvama Institutional Equities, says “our top picks in consumer stocks will be essentially United Breweries, Nestle, Bajaj Consumer, Tata Consumer, and Dabur. From a Q3 results perspective, Bajaj Consumer and Indigo Paints, these two small companies will see good numbers in the December quarter. Bajaj Consumer because of the festival related benefit … Read more