The Hindu accounting year began with an upgrade from global brokerage Goldman Sachs which said India is expected to see “the best structural growth prospects in the region” with mid-teens earnings growth over the next two years.
Vinit Bolinjkar, Head of Research, Ventura Securities, sees the Nifty around 24,000-25,000 by next Diwali, which implies a 24-29 percent upside. A decent allocation of 10 percent of the portfolio in gold provides stability, he advised investors.
“I am very convinced about Welspun India primarily due to the fact that although the business might seem in turbulence, India s market share vis-à-vis China is going up. Home textiles companies are doing well. Margins are back. Welspun is taking a very good measure of making a foray in the Indian towel market, which is a Rs 50,000 crore market.”
“I have never been short of ideas, but have always been short of money to invest. India is a paradise for growth investors. At any point of time, there are more ideas than the capital available. If you invest in the right companies in any scenario in India, you can make money.”
“We see drivers out there and the Mamaearth brand which has grown in five years to be one of the largest brands. It definitely makes sense to buy the Honasa stock and their offline portfolio, which is around 35% of the top three brands, which are over Rs 100 crore.”