Abheek Barua, Chief Economist, HDFC Bank, says there is a laundry list of items that need to be addressed before we get on, and climb back onto that 8% to 9% sustainable growth path. We could have a one-off 8% or an 8.5% growth, but that is not what the steady state growth would be. … Read more
Sunil Suresh, CMD, and Pradeep Mishra, CFO, Stanley Lifestyles, in conversation with ET Now after the luxury furniture maker’s IPO debuted at 34% premium on NSE on Friday. Stanley is not planning to expand into smaller towns. They will mostly be in the major metros, Delhi, Mumbai, Hyderabad, Pune, and Calcutta. High-end, luxury furniture being … Read more
Pranav Gundlapalle, Senior Research Analyst, Sanford C Bernstein, says expects private sector banks to outperform the public sector banks from now onwards, both in terms of the EPS growth numbers or even the fundamental metrics. What has not helped them from a stock price perspective has been the foreign outflows. So, with FII inflows potentially … Read more
Mukul Kochhar, Head of Institutional Equities, Investec Capital Services, says he is bullish on financials, auto and pharma sectors. Financials include some very high-quality banks, regulated banks, small finance banks trading at very affordable multiples; in autos, there are OEMs, two-wheelers and some four-wheelers also at this point they have become attractive in terms of … Read more
Ramani Dathi, CFO, Teamlease Services, says on the non-IT side, a very positive outlook as far as hiring is concerned across all segments like BFSI, FMCG, FMCD, pharma, tourism, hospitality and manufacturing. The monsoon is expected to be positive for this year. We believe that the upcoming festive season can also be very good for … Read more
Nilesh Shah, MD, Kotak AMC, says many people depend upon their next generation and become a burden on them. It is important that we create financial security for every Indian through capital market participation whereby they can generate real return. How can you make a country rich when 93% of savings went into either below … Read more
MK Dhanuka, MD, Dhanuka Agritech, says that in order to make the pesticide available at reasonable prices for the farmers, the government should definitely think of reducing the GST on agrochemicals from 18% to either 5% or at least up to 12% immediately. The industry tried very hard this time for GST reduction but it … Read more
Sunil D’Souza, MD & CEO, Tata Consumer, says the retail landscape will change dramatically. Modern trade will take off because India is still under-penetrated. It is primarily driven by kiranas. Modern trade will take off. But e-commerce will also take off. In India, just 5% of retail spend happens online. In Brazil, it is 15%, … Read more
Rajeev Mantri, CFO, Bandhan Bank, says the overall targeted strategy is the bank has to continue doing the good work that it has done in the past, but making sure that the deposit drive continues and with a liability-first approach, which means that the advances will need to continue, but the bank needs to continue … Read more
Siddhartha Mohanty, Chairperson, LIC, says they have moved from Rs 5,82,000 crore to Rs 7,27,000 crore and there’s a very huge growth in our India embedded value. It comprises all their businesses as well as other factors which contribute to growth, so that growth rate will continue and the market should trust us. Mohanty expects … Read more
