Key Points
If in the next couple of months, before the election code comes into play, crude remains benign, then they will be good, in fact, for a good part of the next year..
Nitin Raheja: Nobody can argue that PSU banks valuations are cheap and they were cheap with reason primarily because their capital adequacy is among the lowest if you compare it with their private sector peers..
Also, clearly they have very strong liability franchises and in a time where most banks have been struggling to add their deposit and CASA base, they are well placed and there are legs in that rally and the broad direction that the government has set for them makes them look yet attractive...
They have shown the fact that they do not have a lot of the overhang that exists for generic pharma and hence they get valued at more attractive prices than even the generic pharma business...
Of course, the business does not have the same kind of economics as you would have in Indian pharma or generics but the valuation stacked up in their favour and hence, we are seeing the API companies show a good rally...
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Maruti and UltraTech like Virat Kohli and Rohit Sharma, good to have in your portfolio: Hemang Jani
24, Oct, 23“There is a mini bubble in the broader market and one needs to be selective about that. Do not be too quick to jump into an index which has gone up 35% and stocks that have gone up 3X-5X. Okay, the stock has corrected 5%, 10%, let it stabilise, do some homework and then start nibbling.”
It’s easy to say this is not 2008 but nobody understands full ramification of SVB crisis: Sudip Bandyopad
16, Mar, 23Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, has said that the US banking crisis is a little bit of a concern , but that it is easy to say this is not 2008, this is different, these can be contained, and the US government is taking action. However, he cannot predict with certainty the full ramification of this. He advises investors to be careful too.
Don’t run after all the underdogs; PSU banks are where the juice is: Digant Haria
08, Dec, 23“Just because BJP has won the elections and the probability of them coming back with a bang in May is extremely high, it does not make sense to buy the stocks where the results will not be there because this market is in a phase where there is a lot of rotation happening. If the results do not follow through, you are going to be disappointed.”
Reconstruction and restructuring paying up finally? 7 PSU banks stocks with upside potential of up to 16%
09, Mar, 24While PSU banks stocks have been doing well for more than an year, it is the divergence between the performance in the PSU and private sector banks which has brought more limelight on PSU banks. Given the fact that stocks have done well and comparisons are bound to be made with the fact that just a year back they were quoting at much below what they are quoting today, will this performance sustain. The answers to this question would not be in black and white, but in probability and possibility. The fact that these banks have gone through a process of restructuring and reconstruction for almost seven years, through which they have braved covid, mergers and changes in process in how the decisions in terms of lending are made their balance sheets much more believable. This is not to say that in future there would be no NPA’s but the fact is the probability of the sudden shock of NPA’s shooting up has gone down. So, before taking a decision it is better to look at what has changed on the ground both at macro and micro level for this part of the Indian banking sector.
Expect RBI to cut rates in first half of next calendar year: Shibani Sircar Kurian
09, Aug, 23“Our best guess in terms of RBI's rate action would be that possibly the central bank would wait to see how the US Fed is reacting and then take a view in terms of rates. So, yes, sometimes maybe in the first half of next calendar year, our best guess would be at this point in time.”
I see greater opportunity in largecap banks rather than chasing IPOs at high prices: Hemang Jani
30, Nov, 23“Typically when we see this kind of an exuberance and when the IPO listing happens at a much higher price than what people would have thought, this kind of a momentum is not great news for people who are looking to buy into the market having some sort of a missed out feeling. I would certainly say that let us not get too gung-ho on what is happening in the IPO market.”
Crash was expected; stay calm and invested as market will revive soon: Sandeep Raina
13, Mar, 24Sandeep Raina is not worried about the market crash. Further small cuts are possible, but it's not a bloodbath. Stay invested, the market will revive. Quality midcaps, smallcaps, and largecaps with 20% growth, good ROCE, and cash flows are worth investing. Pharma stocks like Beta Drugs, Kilpest, and Sun Pharma are interesting.
Titan and Balrampur Chini are high conviction buys for Hemang Jani. Here’s why
23, Nov, 23“I would buy real estate stocks if there is a small correction of about 5%, 10%. These are all high beta stocks. Interest rates have not really gone down. I am a little surprised that even at higher interest rates, these kinds of numbers are being delivered. So I want to have some exposure. But purely from a momentum perspective, on a dip.”
Deepak Shenoy is not booking profits, rather investing a lot more. Here’s why
31, Jul, 23Capital Mind's Deepak Shenoy says now is a good time to invest in stocks despite some unexpected bad numbers from some companies. He sees significant growth in sectors such as chemicals, railways, defence and infrastructure, and despite scepticism about a rally in midcap and smallcap pricing, he is investing more. He sees Reliance Industries as a sum of the parts valuation.
I hope next year is volatile and exciting enough for us to discover great businesses: Deepak Shenoy
13, Nov, 23“Probably shoes are better than real estate; but to be fair, there is visibility in the shoes and consumer demand sector and there are a lot more brands. In real estate, in the near term, we will see a lot more. We will see a lot of activity and the way the accounting goes, the results for real estate companies will probably be good for next year.”