Life insurance and asset management companies (AMC) are likely to be high-growth businesses due to the financialization theme that is playing out, Rusmik Oza, Head of Fundamental Research, Kotak Securities, says in an interview to Moneycontrol’s Kshitij Anand.Edited excerpts:Close Q) What is your assessment of the September quarter earnings? If you had to describe them in one word, what would that be? What were the highlights?Rusmik OzaHead of Fundamental Research|Kotak Securities 'Corporate tax cut will boost earnings by 15-20%; HDFC Bank, ONGC, M&M among 20 cos to benefit the most'Cement, oil & gas among 3 sectors likely to outperform; here’s why'Nifty unlikely to test 12,000; expect the slump in earnings to continue in Sept quarter'A) If one has to summarise the September quarter results in one word, it would be ‘Decent’. Further, if it needs to be summarised in a sentence, it would be ‘Optically healthy on earnings, due to corporate … [Read more...] about Don’t miss! Stocks from life insurance and AMC likely to be included in Sensex & Nifty
Top pick penny stocks today
Indian market created history yet again on November 20 when the Sensex hit a new high of 40,816, while the Nifty had a touch-and-go moment with 12,000, just 120 points shy of its best-ever performance of 12,103.So, what should be the trading strategy? Is it time to buy the fear in the small and mid-cap space or stay with steady large-cap stocks?The answer lies in your risk-taking ability. Even though the market valuations look stretched, largecaps could still be in favour. However, value buying could be seen in select mid and small-cap stocks, say experts.Close The market is at record highs and valuations have been stretched since the last quarter. The broader markets are still significantly lower from their highs as Small and Midcap indices are still down by about 20 percent from their record highs. related news Don’t miss! Stocks from life insurance and AMC likely to be included in Sensex & Nifty Banking set to see a recovery, life insurance the next big sector: … [Read more...] about What should be your strategy, buy largecaps or chose from mid & smallcaps?
After a fantastic year for Indian equity markets, domestic mutual fund industry experts are hoping for another blockbuster year in 2018.The year 2017 was one of the best years for mutual funds in recent years as the industry matured and attained some level of sustainability. In fact, this was the best ever year for Indian retail investors because unlike most of the previous bull runs, which were led by FIIs, this one was led by domestic retail inflows.The Indian markets were on a roll in 2017 with indices delivering around 27-28 percent return between January and December. Indices clocked fresh milestones frequently after Nifty first hit an all-time high of 10,000 in July. The Nifty has largely traded above the 10k-mark since then, running parallel to the Sensex, which hit 34,000 for the first time on December 26.Close Domestic investors have really been the big drivers for this market, especially through the mutual fund (MF) route. In nine out of the 11 months till November, equity … [Read more...] about MFs had a terrific run in 2017, but can they create wealth for investors in 2018?
There’s a reason most of Jared Hess’s films share titles with their lead characters. It’s because these films are meticulously constructed vehicles for unique personalities who are often more engaging than the situations in which they find themselves. advertisement advertisement Napoleon Dynamite, Nacho Libre, and Gentleman Broncos all share a certain sensibility and homespun charm, but more than that, they all feature characters so fully realized and inhabited they practically jut out of the screen. Hess writes each of his creations with his wife, Jerusha, and directs them himself. Before one word is written down, however, the pair have hours of conversations mapping out every detail about the people at the center of their developing story. It shows in the execution. In the new Don Verdean, Sam Rockwell plays the eponymous biblical archeologist who may be past his sell-by date in terms of fame, and thus resorts to some questionable activities. Rockwell, who … [Read more...] about “Don Verdean” and “Napoleon Dynamite” Creator Jared Hess On Character-Based Movies
The economic slowdown is likely to weigh on the credit offtake of the banking system, but brokerage firm BNP Paribas says in India the sector will recover, thanks to lower cost of funds, cost efficiencies and lower tax.The brokerage said higher operational efficiency driven by digital initiatives and lower workforce requirements will ensure that the cost to income ratio maintains its downward trajectory."We believe a lower cost of funds, cost efficiencies, and the benefit from lower tax rates should lead to return on equity (RoE) accretion of 370bps for private banks. Higher RoEs should warrant much higher price-to-book ratios (P/Bs). We see a 10-15 percent upside from current valuations for private banks over the next five years," said BNP Paribas.Close Given that the asset quality cycle has peaked, the credit cost should be lower than those in the previous cycle, the brokerage said. related news Sensex at record high but midcaps likely to generate wealth; 20 stocks … [Read more...] about Banking set to see a recovery, life insurance the next big sector: BNP Paribas