India’s banking sector has been squeezed between rising costs and slowing credit demand, for over a year. The downgrade cycle may be nearing an end, according to UBS Securities, a multinational investment bank. However, Vishal Goyal, Head of India Research at UBS Securities, also warned that a full recovery for the country’s financial sector is […]
Bandhan AMC expects muted market returns in next few quarters, sees potential in healthcare sector – CNBC TV18
Manish Gunwani, Head of Equity at Bandhan AMC, which manages assets worth nearly ₹180 crore, believes it will not be a high-return market in the coming quarters due to elevated valuations and prevailing uncertainties. Company Value Change %Change Gunwani stated that the past three to five years have delivered strong market returns, but current valuations […]
Nifty set for first single-digit earnings growth in five years: Gautam Duggad – CNBC TV18
The Nifty earnings per share (EPS) is projected to grow in single-digit in 2024-25, the first time in five years, according to Gautam Duggad, Head of Research at Motilal Oswal Financial Services (MOFSL). MOFSL has trimmed its Nifty EPS estimates for 2024-25 and 2025-26 by 4% and 3.5%, respectively. “We were at about ₹1,115 (for […]
The best yet to come for businesses like Zomato, says Raamdeo Agrawal – CNBC TV18
Raamdeo Agrawal, Chairman and Co-Founder of Motilal Oswal Financial Services, is optimistic about the growth of the e-commerce segment and the BFSI sector. However, he is cautious about the rising valuations of companies like the Tata Group’s Trent. On Zomato Agrawal remains optimistic about the e-commerce sector, particularly Zomato, despite the recent profit booking […]