‘Value picks’ a costly affair as nine of 10 most retail-owned stocks sink up to 95%
“This trend has been observed across many cycles,” Hemang Jani of Sharekhan told ETNOW.
Hemang Jani is bullish on UPL, Trent and ABFRL. Here’s why
Given the overall slowdown in the economy and the corporate sector, pathology labs...
Neutral on Tata Motors, positive on Bajaj Auto: Hemang Jani, Sharekhan
Given the coronavirus scare, the China market where JLR has a strong p...
Tech View: Nifty forms 'Bearish Engulfing' candle, may find support at 12,080, 12,000
The index formed distribution near the 61.8 per cent retracement mark.
Banking sector set for more pain, deratings likely: Hemang Jani, Sharekhan
In terms of the NPL cycle and loan growth, there is a huge disconnect between what is being reported by banks and what is generally being expected and that continues to be a major worry. Also, there is over-ownership across private banks as the weightage is still very high and most of the investors are hiding in very few banks.
Maruti likely to see 11-12% revenue growth in Q3: Hemang Jani
Hemang Jani, Senior Vice President, Sharekhan, says the Maruti stock is already up about 20-25% from the lows and there is not a very strong visibility in terms of the growth in the next couple of quarters. The delta has been positive but we have a long way to go in terms of getting a big growth back into the cycle.
Look at midcaps like SRF, Polycab, Balkrishna Industries: Hemang Jani
There can be a case for disappointment from financials in terms of overall growth. At the same time, certain sectors are back in the reckoning like telecom and certain mid & smallcap stocks. Wherever you see a sector showing better delta in terms of growth and the midcap space is showing good numbers, money could move from banking to these sectors.
High inflation print unlikely to dent market sentiment: Hemang Jani
Seeing a strong rebound across midcap and smallcap stocks, says Hemang Jani.
Ready to bet on Maruti, M&M for next couple of years: Hemang Jani, Sharekhan
We are seeing a bit of green shoots in the passenger vehicle category though the actual growth or the positive delta is not too good. One can take comfort from the fact that we are seeing a bit of revival. Maruti per se is looking good but I do not think the slowdown is really reduced in broader auto pack.
Why Hemang Jani is betting on Airtel, Tech M and Biocon
We are looking at a 35-40% growth in the operating profit for Airtel. Biocon has its own growth story and there is no pricing pressure. We are expecting good strong numbers from Tech Mahindra as it is much cheaper than the rest of the IT companies. In medium to long-term, among cement stocks, Ramco, JK Lakshmi & UltraTech present good opportunities.
Stop hoping midcaps and smallcaps would revive now: Hemang Jani, Sharekhan
The same set of companies which have shown some performance would continue to do well.
Export basket including IT, pharma and metal stocks looks positive: Hemang Jani
The focus now will shift to earnings positive surprises and to the companies, better placed in terms of margins, etc., says Hemang Jani, Sen...
Avoid smaller banks and PSBs except for SBI: Hemang Jani
We should not try to move into smaller banks or PSU banks other than SBI just because they are cheap because the environment around us continues to be difficult. Stay with the quality where there is a growth visibility and a reasonably good asset quality. The focus will continue to be on HDFC Bank, ICICI Bank, SBI and Axis Bank.
Earnings, global sentiment and flows are key triggers for market now: Hemang Jani, Sharekhan
Among cues that we could be looking at for the next broader move of the market,earnings would be on top of mind. People would start talking about what kind of numbers we are looking at and whether there is really any indication of revival in midcaps and smallcaps. That is something that we would definitely be watching out for.
We should be extra cautious on liquidity in December: Hemang Jani, Sharekhan
We are going to see a bit of a liquidity squeeze because there has been a decent amount of selling by FIIs and a lot of block deals are sucking the liquidity out from the system. Every second day, an OFS or a block deal or even a QIP is sucking out the liquidity coupled with some of the IPOs.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service