Some related company specific, some related to industry
basic premise of bull market intact
Although India cannot remain de linked from global shocks, the basic premise of the bull market remains intact, says veteran stock broker Dipan Mehta.
canada goose coats on sale In an interview with CNBC TV18, Mehta canada goose outlet online said that once the global turmoil is done with, the likely passage of goods and services tax (GST), good monsoons etc will help market go up. He added that agro chemicals and FMCG would be clear beneficiaries of that. canada goose coats on sale
From the point of the view of GST, one could look at logistic companies and companies that compete against the organized sector like plywood and tiles manufacturing companies, home appliances etc, which would likely increase market share. Stocks like Century Ply, Greenply Industries, Kajaria, Symphony, Havells, V canada goose factory outlet Guard etc.
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canada goose clearance However, he is not so upbeat official canada goose outlet on sugar space and said it is more for traders to look at. canada goose clearance
Canada Goose online Below is canada goose black friday sale the verbatim transcript of Dipan Mehta interview with CNBC TV18\\’s Anuj Singhal and Reema Tendulkar. Canada Goose online
buy canada goose jacket cheap Anuj: How do you see the current canada goose outlet reviews situation, canada goose outlet new york city a buying opportunity or do you think markets need to correct more whether the trigger is global or not? Do you see more correction going forward? buy canada goose jacket cheap
canada goose factory sale A: That is a tough one to answer. After having observed how global factors affect our markets it is extremely difficult to call exactly goose outlet canada when canada goose outlet sale the markets will turnaround depending upon stability in the global markets and these are factors which in a way canada goose jacket outlet are beyond understanding also. Suddenly you will see Asian market selloff, European market selloff and then canada goose outlet online uk they somehow stabilise and we see fund inflows coming into our market. So, difficult to say. canada goose factory sale
canada goose black friday sale All that we can say is that the basic premise of this bull market remains intact. We are looking at good canada goose outlet nyc monsoons, Goods and Services Tax (GST) passage as well as definite turnaround in the corporate earnings growth rates and those are firmly in place which means that as soon as the turmoil in the global market settles down we should see our markets resume that upwards journey. canada goose black friday sale
cheap canada goose uk Reema: So, to prepare our viewers for the possible uptrend once the global volatility comes to an end which would be the key themes you would play, would you be interested in logistics considering there is a higher chance or probably considering the GST bill canada goose outlet canada getting passed in the Monsoon Session or would you look at monsoon plays? cheap canada goose uk
Canada Goose Parka A: Monsoon of course the obvious winners are known the agro chemicals, the fertiliser companies and FMCG companies which have got rural outlay. But the GST is also a very nice theme that one can play on and apart from the logistics companies which are fairly valued there are a host of companies which compete against the unorganised sectors like say, the plywood manufacturing companies, or the tile manufacturing companies and then there are home electrical, home appliance companies. Canada Goose Parka
canada goose uk black friday These are competing with unorganised sector and canada goose outlet jackets with GST coming in they should be able to rapidly increase their market share. So, that is one theme that investors could look at and the companies which fall within that theme are stocks like Centuryply, Greenlam, Greenply and then there is Kajaria, HSL, some of the other tile manufacturing companies, appliance companies like Symphony, Havells, V Guard. canada goose uk black friday
canada goose They are all competing against the unorganised sector or the common thread between all these companies and with overall improving consumption trends canada goose outlet uk sale and GST coming in place which means that they are at par with the unorganised sector they should be able to gain market share. So, these companies will be able to grow significantly faster over the next two three years once GST is passed and valuations over there are still quite reasonable. So, that is an investment theme which we are tracking and which we are investing for ourselves and our clients as a measure of disclosure. canada goose
Anuj: Pharma has seen volatile times. It has been stock canada goose outlet in usa specific of course, but you think there are opportunities in this space?
Canada Goose Online A: Pharma is in tough terrain and although it was a favourite sector of our we should be looking at at least getting underweight over there. canada goose outlet uk At least incremental flows may not be diverted to pharma and it is getting very selective for various reasons. Some related company specific, some related to industry. But still it is a large industry group canada goose outlet shop and one needs to be invested over there. Canada Goose Online
canada goose store So, I would say the four companies in which we are invested and so have our clients which we still feel that they will be able to outperform the markets and the industry as a whole. canada canada goose outlet goose outlet store Stocks like Aurobindo, Natco Pharma, Strides Shasun and Torrent Pharma all these companies came out with very good set canada goose outlet store uk of numbers and the management spoke very confidently of the next 6 12 months for these companies as well. canada goose store
So, these are the outperforming four companies in the pharma sector and you are much better off in these companies, than some of the larger ones say, like Cipla, Dr Reddy’s or Lupin or Sun Pharma for that matter.
Reema: Generally you don’t talk about sugar but considering that raw sugar prices have gone up by more than 50 percent in the last few months and sugar stocks itself are sitting at fresh 52 week highs after the run up have you looked at the fundamentals of sugar and therefore is that a sector or any stocks there which you would recommend?
canada goose clearance sale A: No, again despite the upswing which we have seen in sugar stocks we have not really taken that sector under our coverage and it is great for traders. It is great for industry insiders who are aware of what the trends in the sugar industry are and how high international and domestic prices can canada goose outlet black friday go and how the government response will be because those are the nuances which govern this industry. So, people who are into these nuances are able to understand the micro trends within the industry are best placed to play it and outsiders such as ours will always be at a disadvantage. canada goose clearance sale
uk canada goose Traders on the other hand can look at price volume action and ride the train so long as it is moving and chugging along ahead. But for long term investors and portfolio managers like us it is really a sector which still needs to be avoided. We are all aware that the historical track record of these companies to create value or growth or returns for canada goose outlet shareholders has been extremely negative. So, still I would like to avoid the sector canada goose outlet toronto factory although there are short term opportunities for traders there uk canada goose.