We may see a bit of a slowdown for IT over next six months. So, two-quarters of more pain and then as the recession fear starts going off towards the end of the year, we could see IT coming back in favour. Markets will react three months in advance, they will give us a chance earlier but right now we are expecting lower markets going ahead.
"It has been a tough start to 2023 so far because the markets had to grapple with a lot of volatility. I think the bigger part of the volatility was the uncertainty."
At this point in time, both Nifty and Bank Nifty are hovering near their recent lows. For Nifty, a fresh round of selling would emerge below 17,775 whereas for Nifty Bank, the support is placed at 41,500.
Equity markets will be volatile compared to debt funds. But there is a silver lining, with the new industrialization wave in India, stable democracy, and our continued growth in consumption, we can undoubtedly surpass larger economies.
The new-age platform businesses could turn out to be dark horses in 2023. These stocks have corrected significantly since their IPOs, while their fundamentals have improved quarter after quarter. These businesses are taking the necessary pivots towards profitability thus increasing the possibility of an earnings surprise and outperformance with respect to the market.
I like my data. I count my steps. I'm hooked up to a gadget to help me do the same. I try to walk every day without fail. It is an important part of my life. It helps me to keep physically, mentally, spiritually, and professionally fit.
“The difference between Bajaj Finance and the overall financial sector, like credit growth of the system, has reached 17-18%. At one point of time when credit growth was 5-7% they were growing at 25%, the differential was huge. Now the differential has narrowed. Does it deserve to be at twice the price to book HDFC Bank even at these prices? I do not think so. â€
Among non-financials, operating margin has been impacted due to raw material inflation and other supply chain issues. But I see some recovery in margins for non- financials and healthy topline and bottomline growth for financials, which will enable double digit EPS growth for 2023 or FY24.
"I want to basically create a portfolio which will have stocks like L&T, NCC in the infrastructure or maybe IndusInd Bank, Canara Bank and even HDFC Bank in the banking space. There can be some soft commodities or food companies like Daawat and metal companies like Vedanta. I would want a little balanced portfolio for this year "