Global brokerage firm Jefferies expects Indian IT companies to benefit from the recent 1-3% depreciation of the Indian Rupee against the US Dollar, Euro, and British Pound. A weaker rupee boosts revenue potential for IT firms with greater exposure to these currencies and a strong offshore workforce. Company Value Change %Change Among large-cap IT stocks, […]
Rahul Chadha’s investment strategy for industrial and consumer stocks – CNBC TV18
Shikhara Investment is taking a selective approach to the consumption space, favouring autos, hospitality, hotels, travel, and tourism, while staying cautious on certain consumer staples due to high valuations. Founder and CIO Rahul Chadha, pointed out that some segments, like paints, value retail, and quick commerce, face rising competition and margin pressures, making them less […]
Elara Securities expects earnings upgrades for these pharma stocks – CNBC TV18
Bino Pathiparampil, Head of Research at Elara Securities (India), listed the brokerage’s top picks from the pharma sectors that are expected to benefit the most from a falling rupee. “The depreciation in rupee is going to help almost all the players, especially the large players who have big presences in the US. So that includes […]
CLSA not expecting big returns in 2025, sees single-digit gains for Indian market – CNBC TV18
Vikash Kumar Jain, India Strategist and Head of Research at CLSA, shared his outlook for the Indian market in 2025, stating that he is not gunning for big returns this year, would be happy with single-digit returns for Indian market. Jain said, “We need bond yields to not go much higher and also, at the […]
Nifty could reach 26,000 by 2025, aligning with steady 12% growth: Ansid Capital – CNBC TV18
Anurag Singh, Managing Partner at hedge fund Ansid Capital, believes the Indian stock market remains on a steady growth trajectory, with the Nifty 50 likely to hit 25,000–26,000 by the end of 2025. This aligns with a 12% compound annual growth rate (CAGR), reflecting India’s long-term economic trends. “At the start of 2020, it (Nifty) […]
Market expert sees signs of revival in these two sectors – CNBC TV18
Shreyas Devalkar, Head of Equity at Axis Mutual Fund, which manages nearly $35 billion in funds, see signs of bottoming out in the information technology (IT) and fast moving consumer goods (FMCG) sectors even though he does not expect an immediate improvement. “There are no signs of improvement but these sectors have seen earning cuts […]