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Kenneth Andrade, of Old Bridge Capital Management, emphasizes market breadth narrowing to specific stocks and commodity favoritism. He discusses challenges in the IT and defense sectors, PSU companies, and future businesses like Zomato and Paytm. Andrade says: "I am a firm believer that any company out there who gets pricing power will get price earning multiples. " ....
Kenneth Andrade anticipates significant growth in the power market, emphasizing massive investments in energy capex equivalent to India s GDP over the next 15 years. He discusses the impact on various sectors and the rationale behind his pharma holdings, focusing on profitability potential. Andrade says he is avoiding banks because he chooses to be on the asset side and not on the liability side. ....
Claymore Investments (Mauritius) offloaded almost their entire stake in PB Fintech, while Silverview Portfolio Investments sold their entire stake in Indus Towers. ....
Kenneth Andrade believes that metal converters and Indian companies in the steel industry are a good bet. The balance sheets of these businesses have improved, with increased cash generation and capacity expansion. The key factor for success is the rise in steel prices, which would lead to a recovery in profitability. Additionally, Andrade mentions the growth potential in the premium liquor segment due to per capita rise in income and the trend of premiumization. ....
Interest Rates Key For Equities But Investors Must Crave Opportunities In Every Crisis: Kenneth Andrade forbesindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbesindia.com Daily Mail and Mail on Sunday newspapers.