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The recent correction in the Indian stock market is relatively mild compared to other major markets. While global factors such as crude oil price spikes can contribute to corrections, India has outperformed many other markets. However, there are concerns in sectors like paints, where increased competition and higher raw material costs could impact profitability. " ....
Sandip Sabharwal says HDFC Bank and Kotak Mahindra Bank are currently not attractive investment options due to various challenges they face. However, these banks are well-managed and could be considered for investment at lower prices in the future. Sabharwal also discusses the impact of rising yields and the dollar rally on emerging market stocks, stating that India is more robust now compared to earlier. ....
“There is no case for selling out big time because there will be a correction, but it will not be a 12-15% correction. It might be just taking out 30% to 50% of the current move which implies a 6% to maybe 8-9% kind of correction. The entire midcap as a category should have a correction, I do not know whether it will.” ....
According to Sandip Sabharwal, tough times for HDFC Bank are expected to continue for another 12 to 18 months. He suggests that the stock price may underperform or experience a sharp correction during this period. However, if the stock price reaches Rs 1,300, it would be a good opportunity to buy. He also explains why Bajaj Finance decided to raise funds despite having a high capital adequacy ratio. ....
"Many of the infra stocks have done well already and they are likely to do well given record order books. Many companies like L&T are not only going to be getting strong orders domestically but also globally. So, there is a strong story in the investment theme. But in a deep market correction, all stocks correct. So, I think we will see some correction in these stocks also and we will use that opportunity to buy." ....