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Raamdeo Agrawal says everything is going well. The India story is compounded story. Past has been compounded. There is no reason why the future will not be compounded and in that future compounded story, we have a lot of businesses that are compounded and within them, good management will have compounding stories.
Nikhil Nigania of Bernstein explained how PFC and REC benefit from special 54EC bonds issued to save capital gains tax on real estate sales. The bonds\’ lower rates offer loan growth prospects, reduced NPA risks, and decreased competition from dollar bonds, while reversing provisions from distressed assets. These factors attract investors.
See, again, I think investing is all about the medium to long term. If you are invested in stretched stocks or stressed segments where a lot of value has already been captured, it is probably time to get out and move to stocks or sectors offering value or interesting risk rewards.
So, what is happening is, in a bull market you see a rotation and I think this is what we saw in the bull market of 2003 to 2008, you had market moving between different sectors and I think that is happening. So, if you see prior to elections, it was this euphoria about the PSUs, that has sobered down a bit. We have seen tech do well as somewhere one gets the comfort that, look, again, the end demand bottom and it seems to be improving.
Indian markets have held up, but given the overall result construct as well as the valuations at this stage, this is a time to be cautious in the markets. I would think that markets need to give up some gains for them to come to levels where fresh money can be put to work.
The market capitalisation (mcap) of Tata Consultancy Services (TCS) jumped Rs 30,826.1 crore to Rs 15,87,598.71 crore and that of Bharti Airtel climbed Rs 30,282.99 crore to Rs 8,62,211.38 crore.HDFC Bank\’s valuation rallied Rs 8,140.69 crore to Rs 12,30,842.03 crore
Foreign investors injected over Rs 33,600 crore into Indian equities so far this month on the expectation of continued policy reforms, sustained economic growth and a better-than-expected earnings season.
The company is looking to raise $300 million initially, potentially increasing to $400 million if demand is strong, adopting a conservative approach to better understand market dynamics.
Aveek Mitra of Aveksat Financial Advisory has been spreading bets defensively post-election, keeping minimal cash. Focusing on chemicals, IT, and pharma, he emphasizes risk management over returns. Highlighting investments in mid-smallcap, consolidation phases, and API, Mitra addresses rising investor expectations and remains adaptable, leveraging a client base built without promotion.
There is a lot of excitement around what the opportunity is and which is why you are seeing at higher levels more and more people coming in and buying. But it is precisely in such high bullish times that you see seeds of bearish times ahead and which is why I would be cautious in this space going forward.
Following the Tata Consultancy Services (TCS) earnings Thursday, several technology stocks surged to lifetime highs Friday, and were at the forefront of the stellar showing of the broader stock indices. TCS led the pack of five technology companies, including HCL Tech, that were the top five Nifty gainers.
Indian market set to open higher following global cues. FIIs and DIIs were net buyers on Wednesday. Technical analysis points to resistance at 24,410 level on Nifty50. Experts recommend stocks like Havells India, Exide Industries, and HCC for short-term trading.