Among hotel counters, EIH Associated Hotels hit its upper circuit limit of 20 per cent to Rs 373.65. HLV soared 18 per cent to Rs 10.65. EIH Hotels, Oriental Hotels, Royal Orchid Hotels and Taj GVK Hotels gained between 6 and 9 per cent.
Have midcaps and smallcaps turned too expensive?
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Last Updated: May 24, 2021, 04:25 PM IST
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The current valuation in the broader market is looking expensive in pockets but a lot of sectors are still available at a reasonable valuation, with good ROEs and a decent growth potential, says Resham Jain of DSP Mutual Fund. Edited excerpts from an interview:
How are the valuations looking like in midcap space?
The last one year has been a significant one for mid-and smallcaps. Look at the way they bounced back. The current valuations are looking expensive in pockets. We are seeing erratic moves in various sectors. At the same time, we cannot paint the whole market with the same brush. A lot of sectors are still available at a reasonable valuation, with good ROEs and a decent growth potential. You have to look at midcaps and smallcaps from a slightly longer term perspective. For example, in our fund the average churn ratio is around 20 per cent wh
Market pullback an opportunity to buy quality consumer stocks
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Last Updated: May 03, 2021, 02:27 PM IST
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If one is looking at it from a 12-18 months perspective, there is deep value in banking stocks, says Rahul Chadha, CIO, Mirae Asset Global Investments.
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Rahul Chadha, CIO, Mirae Asset Global Investments, says this pullback gives an opportunity to buy quality consumer discretionary names. If the Covid wave peaks out in the next 3-4 weeks, as is being expected, the idea would be to move towards domestic cyclicals and take some money off the table from global cyclicals like tech materials which have done very well in the last six months, he says in this interview with ET Now. Edited excerpts.
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