Hemang Jani discusses the metal sector s potential for a 10-15% move, Vodafone FPO s impact on the telecom sector, and the positive outlook on real estate stocks like Macrotech and Oberoi amidst strong performance in the realty pack.
Reliance s GRMs are currently at about $7.4 versus about $5.5 in the previous quarter. That is going to be a positive trigger. In the telecom business, the ARPU is steadily growing. InterGlobe Aviation is mirroring HDFC Bank s past. Uno Minda and Motherson Sumi show promise in the EV space. IndiGo dominates market share. Pharma sector sees growth potential.
Hemang Jani says: “ if one is looking to participate at current levels, I would have banks as my top-most recommendation, particularly State Bank of India and BOB. These are the two names where we think that there is a larger comfort in terms of valuations and risk reward. Apart from them, we are seeing relative strength in metal stocks and we like NMDC.”
“We have seen TVS delivering a decent set of numbers and also Ashok Leyland delivering slightly better than market expectations. It would make sense to have overall positive bias over the sector with names that we prefer within that being Ashok Leyland, Tata Motors and Maruti. These are the three names that one can really go with.”
“With the new business model in the product categories that Tata Consumer has entered into, there is a steady growth. So, valuation-wise, it is looking a bit stretched. But it is delivering in terms of earnings. For somebody who wants to hold a core portfolio, this is a great stock to have.”