Nilesh Shah, CEO of Envision Capital, hails Nifty s 20,000 milestone as a sign of India s strength. However, he cautions that crude price fluctuations could pose a risk to India’s macros. Shah is bullish on Mid and SmallCaps and feels that long-term structural growth opportunities will revolve around the 3Cs – Credit, consumer and the capex plays.
Based on the OI percentage, 88 stocks were on the short-covering list including Persistent Systems, Bosch, Coforge, India Cements, and UltraTech Cement
"India s time has come and sees the country s economic growth as a starting point, with most companies positively surprising on earnings despite cost pressures." However, "there are three headwinds: crude oil s rising prices, commodity costs pressure, and the effect of rate increases by the US Federal Reserve and RBI. "
“The manufacturing pack is up for good times. A lot of reforms have happened in the last five to seven years which have benefited the manufacturing companies. I think a lot more will be done in terms of reforms. So, manufacturing is one great place where a lot could happen.”