"The price discovery will happen once this technical selling is over. I still strongly believe that it starts off the race in a very strong place with strong capital which is the number one requirement for any NBFC. So, which means I think over time, it will actually see a re-rating of the multiples which on a fair value basis is hardly about a couple of times book value where it should trade much higher given its NIMS will be much higher."
“For the companies which are associated with Chandrayaan 3, there will be a surging order bookd and interest from global investors. It also opens up the export markets. PSUs and defence companies were given lower multiples in the past because of the limited order size, but now I think they will be re-rating.”
“For the companies which are associated with Chandrayaan 3, there will be a surging order bookd and interest from global investors. It also opens up the export markets. PSUs and defence companies were given lower multiples in the past because of the limited order size, but now I think they will be re-rating.”
Selling tractors in the US market is a very difficult task given that it has very different farm requirements compared to countries like India. So the fact is that the Mahindras have done well and the traction there is improving and is one of their main businesses originally, places M&M well."
"Infosys last two deal wins, clearly reduces some concerns about Infosys in particular because their numbers were hurt most when they reported the earnings releases. But now with the continuous bank downgrades in the US, banks being 25-30% of an IT services companys revenue basket, there is going to be some amount of pause in discretionary spending of IT services. IT services as a sector is unlikely to be re-rated anytime soon.".