Banking sector set for more pain, deratings likely: Hemang Jani, Sharekhan
In terms of the NPL cycle and loan growth, there is a huge disconnect between what is being reported by banks and what is generally being expected and that continues to be a major worry. Also, there is over-ownership across private banks as the weightage is still very high and most of the investors are hiding in very few banks.
Look at midcaps like SRF, Polycab, Balkrishna Industries: Hemang Jani
There can be a case for disappointment from financials in terms of over...
High inflation print unlikely to dent market sentiment: Hemang Jani
Seeing a strong rebound across midcap and smallcap stocks, says Hemang Ja...
Why Hemang Jani is betting on Airtel, Tech M and Biocon
We are looking at a 35-40% growth in the operating profit for Airtel. Biocon has its own growth story and there is no pricing pressure. We are expecting good strong numbers from Tech Mahindra as it is much cheaper than the rest of the IT companies. In medium to long-term, among cement stocks, Ramco, JK Lakshmi & UltraTech present good opportunities.
Export basket including IT, pharma and metal stocks looks positive: Hemang Jani
The focus now will shift to earnings positive surprises and to the companies, better placed in terms of margins, etc., says Hemang Jani, Sen...
Avoid smaller banks and PSBs except for SBI: Hemang Jani
We should not try to move into smaller banks or PSU banks other than SBI just because they are cheap because the environment around us continues to be difficult. Stay with the quality where there is a growth visibility and a reasonably good asset quality. The focus will continue to be on HDFC Bank, ICICI Bank, SBI and Axis Bank.
Ready to bet on Maruti, M&M for next couple of years: Hemang Jani, Sharekhan
We are seeing a bit of green shoots in the passenger vehicle category though the actual growth or the positive delta is not too good. One can take comfort from the fact that we are seeing a bit of revival. Maruti per se is looking good but I do not think the slowdown is really reduced in broader auto pack.
People opening up to quality midcaps, including NBFCs: Hemang Jani
For now, market to focus on the same bunch of performers in 2020 as well. People would continue to go for companies where there is some degree of growth visibility. Once we are witness to some sort of revival in the economy and risk appetite is back as also flows, you will see broader market participating in a big way.
Earnings, global sentiment and flows are key triggers for market now: Hemang Jani, Sharekhan
Among cues that we could be looking at for the next broader move of the market,earnings would be on top of mind. People would start talking about what kind of numbers we are looking at and whether there is really any indication of revival in midcaps and smallcaps. That is something that we would definitely be watching out for.
Stop hoping midcaps and smallcaps would revive now: Hemang Jani, Sharekhan
The same set of companies which have shown some performance would continue to do well.
We should be extra cautious on liquidity in December: Hemang Jani, Sharekhan
We are going to see a bit of a liquidity squeeze because there has been a decent amount of selling by FIIs and a lot of block deals are sucking the liquidity out from the system. Every second day, an OFS or a block deal or even a QIP is sucking out the liquidity coupled with some of the IPOs.
Expect to make money in specialty chemicals, auto ancillaries & utilities in 2020: Hemang Jani
Apart from the known themes like corporate banks etc. We like specialty chemicals companies like Aarti Industries and Vinati Organics where the overall growth visibility has been good and it is looking pretty strong going into the next year. Apart from that, we like some of the auto ancillary companies like Exide and utility companies like MGL or Indraprastha Gas.
No need to worry about NCLAT verdict on Tatas: Hemang Jani
Some of the metal stocks or sectors which were not in favour like metals and telecom are coming back.
Ujjivan SFB listing to have impact on holding company as well: Hemang Jani, Sharekhan
Ujjivan Small Finance Bank’s overall operating performance has been decent and in terms of NPL quality, it is about 0.85 net NPL.
For a 5-10-year story, consider insurance: Hemang Jani, Sharekhan
A part of the money from NBFCs and PSUs got deployed in insurance.
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