IT sector

ETMarkets Smart Talk: The power of compounding – a call for Gen Z to shift focus from quick wins to lasting wealth: Rajesh Cheruvu

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ETMarkets Smart Talk: The power of compounding – a call for Gen Z to shift focus from quick wins to lasting wealth: Rajesh Cheruvu

“In a generation seemingly fixated on the allure of rapid 10% returns in minutes through exotic Futures and Options trading, it is crucial to contemplate long-term financial well-being,” says Rajesh Cheruvu – MD and CIO, LGT Wealth India. In an interview with ETMarkets, Cheruvu said: “The timeless principles of buy and hold and the remarkable … Read more

stock ideas: Balrampur Chini among Rupak De’s top 3 stock ideas for the week

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stock ideas: Balrampur Chini among Rupak De’s top 3 stock ideas for the week

Balrampur Chini, Tata Motors and ICICI Lombard are top 3 stock ideas of the week from Rupak De, Senior Technical Analyst, LKP Securities. “Balrampur Chini has given a swing high breakout on the weekly chart, suggesting a rise in optimism. The weekly RSI is in bullish crossover with an indication of strong price momentum. Over … Read more

Fund Manager Talk | Growth stocks will continue to command premium: Vishal Jajoo

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Fund Manager Talk | Growth stocks will continue to command premium: Vishal Jajoo

While it is not easy to find stocks at reasonable valuations in a bull market, Vishal Jajoo, Fund Manager – Equity, ITI Mutual Fund, says growth stocks in India would continue to command a premium for the visibility in earnings that they offer. “The risk of not being in the markets is much higher than … Read more

Mutual funds raise stake in TCS, Infosys, 2 other IT stocks; FIIs cut. Who’s smart?

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Mutual funds raise stake in TCS, Infosys, 2 other IT stocks; FIIs cut. Who’s smart?

Ahead of the June quarter earnings season in which IT majors managed to beat Street expectations led by significant improvements in the BFSI sector, mutual fund managers were smart enough to buy IT stocks even as FIIs sold. June quarter shareholding pattern shows that MFs raised stake in Infosys by 116 bps to 19.09%. The … Read more

Fund Manager Talk | Worried about valuations in bull market? Nippon CIO on what to buy

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Fund Manager Talk | Worried about valuations in bull market? Nippon CIO on what to buy

With valuations of stocks related to the investment cycle and policy reforms capturing the near term potential, Sailesh Raj Bhan, CIO – Equity Investments, Nippon India Mutual Fund, suggests investors can also consider alternatives in large banks, IT and QSR.“Cyclical themes like manufacturing, industrials trade at higher premiums with high growth expectations and low room … Read more

market rally: Expect the market to rally more toward Budget date: Andrew Holland

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market rally: Expect the market to rally more toward Budget date: Andrew Holland

Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP, says the market might be held up and we might just have a push higher toward the Budget. Two of the big sectors like IT and banking have seen a strong run in the very short run. Other sectors like FMCG are probably helping to … Read more

market rally: Nifty can hit 25,000 in medium-term; just stick to quality names: Gautam Shah

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market rally: Nifty can hit 25,000 in medium-term; just stick to quality names: Gautam Shah

“Global markets are quite solid. India VIX is relaxed. Momentum, participation, smallcaps coming back yesterday. So, it is a kind of an environment where one should participate, just stick to quality and have risk management in place,” says Gautam Shah, Goldilocks Premium Research.24,200 on the screen, are you guys riding the rally or are you … Read more

ETMarkets Smart Talk: Final Budget 2024 eyed! IT sector is currently a dark horse: Naveen Kulkarni

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ETMarkets Smart Talk: Final Budget 2024 eyed! IT sector is currently a dark horse: Naveen Kulkarni

“The IT sector is currently a dark horse, influenced more by the global economic regime than India’s policy framework,” says Naveen Kulkarni, Chief Investment Officer, Axis Securities PMS. In an interview with ETMarkets, Kulkarni said: “The stock markets will likely trend upward in the next six months. The upcoming budget will be a critical factor … Read more

ETMarkets Smart Talk: There will be FOMO among long only FIIs in Modi 3.0: Sorbh Gupta

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ETMarkets Smart Talk: There will be FOMO among long only FIIs in Modi 3.0: Sorbh Gupta

“Given the development of Indian stocks, we predict that most FIIs will eventually return to the market with larger investments because they will feel a sense of FOMO,” says Sorbh Gupta, Senior Fund Manager – Equities, Bajaj Finserv AMC. In an interview with ETMarkets, Gupta said: “India is a long-term story with solid economic expansion … Read more

FPIs stay bullish on growth stocks, cut defensive bets a bit

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FPIs stay bullish on growth stocks, cut defensive bets a bit

Foreign portfolio investors have been heavily selling Indian shares in the run-up to the general elections. But what’s notable is FPIs have been paring their holdings of defensive stocks instead of those with more growth potential. This shows they remain bullish on the sustained earnings potential of growth stocks in industries like discretionary spending and … Read more