The only stocks that we like within the auto pack are the M&M and Hero Motors where we think there is a valuation comfort though the growth visibility is not that great, says Hemang Jani, Senior VP, Sharekhan. Excerpts from an interview with ETNOW.
Yes Bank has become more like a No Bank. When they came out with Q4 numbers, they admitted that they have got a problem and assured investors that there was a watch list of Rs 10,000 crore and nothing wi ..
Yes Bank is going through a process of recognising the bad loans for the last two or three quarters and the way things have really gone, it means that on the one hand the process of downgrades of their book has started and it may go on for a while. There is a lot of uncertainty around how long this entire process will last and on the other hand, the capital adequacy ratio or CET has hit the floor at around 8-9%. It is a very tricky situation to be in for the management to repair the balance shee ..
Once the company is able to do the capital raise and we have a little bit of comfort in terms of asset quality, even if the stock is 10-15% higher, it would make more sense to buy at that point rather than buying because the stock has corrected.
It is only getting worse when it comes to the auto space. The EU has also clocked in the worst number of car registrations in 2019 which hold implications for the likes of Tata Motors and Motherson Sumi. What is your take on these two c ..
The only stocks that we like within the auto pack are the M&M and Hero Motors where we think there is a valuation comfort though the growth visibility is not that great. Somewhere, there is a valuation comfort and whenever we see stability, you might be able to see some degree of performance from these names.
WiproNSE 3.14 % numbers were muted as expected, they are guiding for a 0-2% growth in Q2, Mindtree profit plunged as well. Any view on either of those?
W ..
There is going to be a big divergence in the performances of the NBFCs depending upon how the companies are able to raise liquidity and what kind of checks do they have in terms of their asset quality. Piramal at this point of time from that perspective is looking definitely interesting.
Yes Bank has become more like a No Bank. When they came out with Q4 numbers, they admitted that they have got a problem and assured investors that there was a watch list of Rs 10,000 crore and nothing wi ..
Yes Bank is going through a process of recognising the bad loans for the last two or three quarters and the way things have really gone, it means that on the one hand the process of downgrades of their book has started and it may go on for a while. There is a lot of uncertainty around how long this entire process will last and on the other hand, the capital adequacy ratio or CET has hit the floor at around 8-9%. It is a very tricky situation to be in for the management to repair the balance shee ..
Once the company is able to do the capital raise and we have a little bit of comfort in terms of asset quality, even if the stock is 10-15% higher, it would make more sense to buy at that point rather than buying because the stock has corrected.
It is only getting worse when it comes to the auto space. The EU has also clocked in the worst number of car registrations in 2019 which hold implications for the likes of Tata Motors and Motherson Sumi. What is your take on these two c ..
The only stocks that we like within the auto pack are the M&M and Hero Motors where we think there is a valuation comfort though the growth visibility is not that great. Somewhere, there is a valuation comfort and whenever we see stability, you might be able to see some degree of performance from these names.
WiproNSE 3.14 % numbers were muted as expected, they are guiding for a 0-2% growth in Q2, Mindtree profit plunged as well. Any view on either of those?
W ..
There is going to be a big divergence in the performances of the NBFCs depending upon how the companies are able to raise liquidity and what kind of checks do they have in terms of their asset quality. Piramal at this point of time from that perspective is looking definitely interesting.
0 Comments