
Political consensus in India is towards reforms: Mark Mobius
Unless the BJP suffers a significant upset in the state elections, any adverse outcome will not lead to any big fall in the market, said Mobius.
Unless the BJP suffers a significant upset in the state elections, any adverse outcome will not lead to any big fall in the market, said Mobius.
According to CLSA, the combined fleet of Uber and Ola has risen from 100,000 units in Mar 2014 to 750,000 units in March 2017.
There are enough quality names in midcaps. We don't have a blanket view on this space. We like stocks such as AIA Engineering and Multi Commodity Exchange of India.
In the futures market, the probability of a rate hike in March has gone up to nearly 90% from around 20% at the beginning of February.
Indian markets could be seen as a safe haven as the rise in dollar, protectionism or interest rate hike in the US will affect the country less than others, said Divecha.
With a gain of about 162%, Centrum Capital leads the pack. A close second is Motilal Oswal Financial Services, with 151% gains in the past one year.
The companies that have been shortlisted under the graded surveillance measures are suspect in nature, with price movement not supported by fundamentals.
The revenue of top five Indian IT services companies is likely to grow at a compounded annual growth of 8% against the 11% they saw during the FY11-FY16 period.
Balanco said that a break above this resistance zone would extend the bullish uptrend channel which would open the door for a move up to the target levels between 10,350 and 12,000.
Credit Suisse is currently estimating volume of 60,000 units for Velar in financial year 2018-19, which will be the first full year of sales for the model.
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