HDFC Mutual Fund believes geopolitical tensions, particularly emanating from the Far East and elsewhere in the world, continue to remain key risks to this market rally.In an interview with Himadri Buch of Moneycontrol, Vinay R. Kulkarni - Senior Fund Manager - Equities at HDFC Asset Management Co Ltd talked about their strategy in scheme and sectors they are bullish on. Edited excerpts:The rally on D-Street is powered by liquidity and this time it is from domestic investors and stable global markets. But, fundamentals tell a different story. Macro data remain mixed while earnings have not picked up. Is that a concern for markets going forward?Close GDP growth has indeed slowed down in last few quarters. However, this is, in all probability driven by demonetisation and GST, two very significant reforms that have caused temporary disruption in the normal functioning of the economy. However, as things normalise, growth rates are likely to recover over the next … [Read more...] about HDFC MF’s Kulkarni says geopolitical tensions key risk to market rally
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Looking at some of the Bollywood movies released this year, one can't help but wonder that given the number of films that struggled to break even, how is it that the industry remains lucrative for those invested in it.Well, a look at some statistics from the last 12 months revealed that Indian films have a fall-back option in the form of overseas markets. These markets have become important contributors to a film's overall revenue.According to a FICCI-KPMG report, contribution from international markets in 2016 was 8 percent of the overall industry’s revenue. The segment had grown by 14 percent, from Rs 9.5 billion in 2015 to Rs 10.9 billion in 2016. And by the looks of it, this success of Hindi films outside India continued in this year as well.Close As of today, a director of a Bollywood movie has that extra bit of assurance while venturing into the project that even if his or her film doesn't do well in India, it will find takers abroad and mitigate his losses or even make a … [Read more...] about Going global: A look at the highest earning Bollywood films in overseas market in 2017
India's financial sector continued to be troubled in the second quarter that saw loan growth drop to demonetisation lows of 6 percent, global brokerage firm Credit Suisse has said in a report.Non-banking financial companies (NBFCs) saw a 36 percent year-on-year (YoY) fall in disbursements in the September quarter of the financial year 2020, while the bank lending fell to 8 percent, Credit Suisse said.The report shows that the fall in bank credit was driven by both public and private sector banks.Close "Even private banks’ loan growth has dropped to 14 percent from 22 percent a year ago. PSU loan growth is down to 5 percent YoY from 8 percent in Q1 despite the large recapitalisation," said Credit Suisse. related news Another 50bps repo rate cut likely by March 2020 With infra in focus, this smallcap stock could double your investment in just 1 year Economic data disappoints: Did you make a mistake in investing when Nifty50 hit 12K? Growth for NBFCs and housing finance … [Read more...] about Loan growth drops to demonetisation lows; India’s financial sector battles pressure
Rajasthan-based HG Infra Engineering reported a steady set of earnings for the quarter ended September 2019 with double-digit growth across parameters. As a result, the stock of the company gained more than 5 percent on November 11.The stock was listed on the bourses on March 9, 2018, and rallied up to Rs 355.75 in April, the record high. As of November 11, it had lost 28 percent at Rs 194, from its issue price of Rs 270, but overall it has been rangebound around Rs 200-300 levels in last one year.In the last four months, the stock corrected 35 percent against 1 percent gains in Sensex and 6 percent correction in the Smallcap index; but it has the potential to return up to 127 percent by next year, suggests brokerages, citing healthy order book which gives strong revenue visibility.Close Its current market capitalisation stood at Rs 1,265.62 crore on the closing share price of November 11. related news Loan growth drops to demonetisation lows; India's financial sector … [Read more...] about With infra in focus, this smallcap stock could double your investment in just 1 year
There is a big divergence between how the stock market is and the economy is faring. One seems to be hitting all-time highs while the other is hitting lower levels with each passing month.In this ease, growth slowdown has deepened as IIP performance for the second consecutive month points to a deep slump in economic activity. Industrial production data contracted for the second month in a row to 4.3 percent in September, its lowest level in almost 8 years.In terms of markets – the S&P BSE Sensex, which has risen over 11 percent so far in the year 2019, hit a fresh record high of 40,749 on November 8, while the Nifty50 also reclaimed 12,000 levels in the week gone by.Close Equity markets are inching towards record high, but the economy seems to be struggling, which puts investors’ in doubt about investing at record highs. We spoke to experts to help us understand the dichotomy and if investors did the right thing investing in markets at record highs. related … [Read more...] about Economic data disappoints: Did you make a mistake in investing when Nifty50 hit 12K?