"Domestic investors are being smarter and there s no panic reaction like what they did last year around this time," says veteran money manager Sunil Subramaniam.
FII inflows to India may be at risk
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Last Updated: May 05, 2021, 07:06 PM IST
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On the current market situation
People who say that the markets look forward are absolutely right. But the markets reward the winners. The stock market has gone up because it is a gauge of winners. If you have a bad company on the index, what will the index do? They will remove the losers. So there is no Century Textile nor Satyam. Only the winners are left. The markets will give opportunities to rearrange your portfolio and figure out the next set of winners.
Earnings growth to drive valuation of IT stocks higher: Deepak Shenoy
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Last Updated: May 03, 2021, 05:38 PM IST
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Synopsis We pay 80 times earnings to companies like Nestle which will grow at 10-15%, then why would we not pay 25 times earnings to a company that has the potential to grow 30%, especially in a pandemic, says Deepak Shenoy
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Deepak Shenoy, founder, Capital Mind, reasons that earnings growth will drive valuations of IT stocks. If you are paying 30 times earnings today, you might actually see the company growing at 30-35%. We have seen a number of IT companies doing that, even through the lockdown. I do not believe this is a point at which you can write off further growth. If growth is there, valuations will come, Shenoy says in this interview. Edited excerpts.
Jubilant Ingrevia, Capri Global Capital, SAIL, Supreme Petrochem and Deepak Nitrite witnessed strong buying interest from market participants as they scaled their fresh 52-week highs on Friday, signalling bullish sentiment.
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Tata Elxsi, Amrutanjan Healthcare, JSW Steel, Greenlam Industries, Suven Life Sciences, Vinati Organics and Jindal Steel & Power witnessed strong buying interest from market participants as they scaled their fresh 52-week highs on Friday, signalling bullish sentiment.
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Nifty formed a Doji on both daily and weekly scales.
NEW DELHI: After trading on a volatile note in Friday s session, headline index Nifty formed indecisive candles similar to Doji formations for both Friday s session and for the week gone-by.
Rohit Singre of LKP Securities said Nifty50 has created a good base near the 14,250-14,200 range. “As long as these levels hold up, the structure will remain positive. A stiff hurdle lies in the 14,450-14,500 zone. The index may find fresh strength only above the 14,500 level,” he added.