SBI Life best among insurance stocks: Nitin Raheja
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Last Updated: May 10, 2021, 05:40 PM IST
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SBI Life Insurance matches with HDFC Life Insurance on several aspects but its valuation is almost half, says Nitin Raheja, Co-Founder, AQF Advisors. Edited excerpts from his interview with ET Now.
How you are looking at the overall auto space given the fact that retail sales of not just commercial vehicles but two-wheelers and three-wheelers are also down? Do you think that we have hit a speed bump only for the time being or that the road ahead for autos does continue to look a little bit dicey?
Enough steam left in speciality chemical stocks for 3 years
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Last Updated: May 05, 2021, 07:39 PM IST
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In an interview with ET Now, Nitin Raheja, Co-Founder, AQF Advisors, explains why he is so bullish on the speciality chemicals space for the next three years despite the recent rally. Edited excerpts:
What is the outlook when it comes to the entire metal basket? Where is it that you believe there is still opportunity or do you believe that most of these metals names have run their course?
If you look at the whole metal basket, the rerating story is over. What you are now going to see is more of a growth based story. Given the fact that the cost of production of steel has gone up in China due to environmental norms, the duties on Chinese steel and the focus on infrastructure, steel will continue to do well for the next few years. Some large integrated steel players are going to be the beneficiaries.
Look who was swimming naked! Most newly-listed stocks take a hard knock
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Price data shows as many as seven listings of this calendar, many of which happened to be from the Covid-hit sectors, have fallen up to 27 per cent from their issue price. Others, too, have trimmed their post-listing gains.
When Kalyan Jewellers India IPO hit the market, analysts had cited a weak balance sheet, poor capital allocation and poor track record of jewellery listings in the past to warn investors against subscribing to the issue. Yet the issue sailed through. (Representative image)
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NEW DELHI: Warren Buffett says, “You only find out who is swimming naked when the tide goes out.”
It seems like the market is reacting to medical news as a trigger point and pricing it in.
Absolutely. We all know that in the next one or two months, we are going to be back. But we will realise the extent of the damage caused as time goes by. Right now, there is already a talk that 30 bps on GDP has been taken off. My guess is the market is trying to say that we will see downgrades in earnings from the previous expectations. The quarter one numbers, which would have looked just out of the world considering the lockdown last year, are going to be diluted and more so because this time we are seeing a spread across the length and breadth of the country unlike last year when we saw a majority of the cases being in metros. The earnings downgrade is one part of the story. The market is trying to digest that. The market had run up based on a very strong recovery and earnings valuations were rich. As that recovery gets diluted a little bit, the market is settling down to trade in a ran