George Thomas, Equity Fund Manager, Quantum AMC, says incrementally, things should look better from where we are today. We are more positioned towards IT largecap names which would benefit in large end-to-end integration deals. Some of the IT mid and smallcap stocks have been factoring too much of positive news and valuations are slightly on … Read more
As FIIs lead sectoral churning in the market ahead of the beginning of the rate-cut cycle in India, private bank stocks have once again begun to outperform their high-flying PSU peers. In the last one month, the private bank index has risen 8% while PSU banks have lost 4.3% of their value. HDFC Bank and … Read more
“This time around, they have raised the rates at the fastest pace since 1990 and nothing seems to have happened. And I have just written an article yesterday in ET explaining why that seems to be the reason,” says Jigar Mistry, Co-Founder, Buoyant Capital. A lot of market participants right now are very-very confused to … Read more
“If you look at the consensus forecast for the fourth quarter and then this first and second quarter of next year, they bounce back up to 10%,” says Mark Matthews, Julius Baer.In the second half of this year, apart from US election, what else could be at play? What do you think could be the … Read more
While Nifty Bank has logged in double digit returns over the last 1 year, its performance against broader Nifty50 and its other sectoral peers remains subpar. With rising deposit cost and moderation in net interest margins (NIMs), experts remain wary of the pack, toning down their expectations from the sector that has the largest weight … Read more
“Why you are not able to see it because the maximum amount of flow has come in the thematic side in last, let us say, three months in particular, so that is the reason when you look at total flows, this looks extremely on higher side,” says Sandeep Tandon, Quant Mutual Fund.What about inflow, the … Read more
“The whole idea is that if we do not repeat our mistake, that is the reason we build our system and process around that. So, learning from mistake is something very important and we have to keep on acknowledging it, that yes, as human beings we have made mistakes and we will make mistakes, so … Read more
Mumbai: India’s non-state banks are likely entering a period of margin compression, deterioration in asset quality, rising provisions and high credit costs, the June-quarter results for most private sector lenders have signalled. Banks are also expected to see intense competition in deposit accretion that could push up fund costs. Apart from the seasonal impact, heightened … 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
“Even the largest bank is trading at 2.3 times book, around 12-13 times price to earnings, I do not remember the last time that happened. And clearly, the risk reward is favourable at this point because of that,” says Anshul Saigal, Founder, Saigal Capital.Let us start off with banks, seems like the FIIs are back … Read more
