Tag: Elixir Equities

Real estate outlook: Experts outline key demand and price trends to expect in 2024

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Market experts Dipan Mehta, Director of Elixir Equities, Gulam Zia, Senior Executive Director at Knight Frank India, and Anuj Puri, Chairman of Anarock Property Consultants shared their 2024 outlook on the real estate sector in an exclusive chat with CNBC-TV18.

Puri suggested that if the current economic momentum persists with low inflation and interest rates, 2024 will prove to be much than the performance seen in 2023.

He expects developers to exercise caution on pricing, aiming to pass on increases only related to construction or land costs. He projected a price increase ranging between 8% and 12% in 2024, with a focus on maintaining reasonable margins.

Home sales for the top seven cities surged by an impressive 31% in 2023 compared to the previous year, as reported by Anarock. Bengaluru emerged as the frontrunner, witnessing the highest spike in sales and a noteworthy decline in inventories. There was also an increase in property prices. Real estate stocks such as Brigade Enterprises, Prestige Estates Projects, and Macrotech Developers doubled in value over the past year.

However, the affordable housing segment faced a setback, with sales plummeting by a substantial 26% compared to the pre-COVID year of 2018.

Also Read | Property market heats up with rising demand and sales; 2024 to see continued rush for real estate

Zia shared insights on the office market, anticipating potential record-breaking performance in 2024. He noted a decline in Indian investments in Dubai due to changes in taxation, speculating that Indian markets could benefit from these shifts, leading to continued growth, especially in the upper-end market.

From a stock perspective, Mehta suggested that real estate stocks may align closely with market indices in 2024, unlike the outperformance seen in 2023. For risk-averse investors, he recommended considering established names like Godrej Properties and DLF. However, Mehta highlighted Sobha Developers as an attractive pick from a valuation standpoint, along with newer listings that could bridge valuation gaps.

Also Read | Mumbai’s real estate soars to an 11-year high with over 1.27 lakh property registrations in 2023

For the entire discussion, watch the accompanying video

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Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

TCS will outperform; positive on Bandhan Bank, Dr Reddy’s, says Elixir’s Dipan Mehta

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Elixir Equities believes Tata Consultancy Services (TCS) will deliver exceptional outperformance, said Dipan Mehta, Director at the investment firm on Tuesday. He also added that they are very positive on Bandhan Bank and like Dr Reddy’s Labs as well.

“We are very positive on Bandhan Bank,” said Dipan Mehta, Director at Elixir Equities in an interview with CNBC-TV18.

“I do think that we could have a good period of outperformance coming in from Bandhan Bank right from this point onwards and looking forward to their Q4 numbers,” he added.

Mehta likes Dr Reddy’s Laboratories (DRL). He has investments in it. “We are positive on the company. We do feel that the company can deliver a reasonable secular growth over the next two-three years or so which could lead to 15-20 percent type of returns over the next two-three years,” he further mentioned.

He believes Tata Consultancy Services (TCS) will deliver exceptional outperformance as compared to some of the other peer group companies in Nifty.

Corrections in banks are great opportunities, Mehta added.

“They are a volatile lot but if you are able to manage and absorb the volatility, next two-three years there will be great returns and great period for the entire banking sector,” he explained.

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Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Positive on banks, NBFCs, FMCG and IT, says Elixir Equities’ Dipan Mehta

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Dipan Mehta, Director at Elixir Equities is very positive on banks and non-banking financial companies (NBFCs). He believes this sector has a good buying opportunity for investors to increase their exposure currently.

“We are seeing the earlier phase of the lockdown where the banks bore most of the brunt,” Mehta said in an interview with CNBC-TV18.

“Resultant slowdown in lending and a slight uptick in non-performing assets (NPAs) will be absorbed by the banks and NBFCs. They offer a good opportunity for investors to increase their exposure. These are good times to get into good solid banks or good NBFCs with one-two year type of a view,” he added.

“One should be a bit careful as far as Avenue Supermart is concerned. From a longer-term investment perspective, buying at these levels may not give you that kind of an outperformance,” he explained.

Mehta is positive on Indian fast moving consumer goods (FMCG) companies like Dabur, Emami, and Marico.

“I think these companies will do far better than the MNC FMCG companies. Also, the entire play on Ayurveda and health and hygiene theme will be better placed in Indian FMCG companies. These are the companies that we are focusing on,” he said.

“I am more comfortable in buying the likes of Infosys and HCL Technologies. Tech Mahindra could be a Dark Horse,” Mehta pointed out.

For more, watch the video…

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Positive on PSU banks; advises to have long-term view on Nazara Tech: Dipan Mehta

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Dipan Mehta, Director at Elixir Equities, is very positive on public sector undertaking (PSU) banks.

“Next 12 months would be a golden period as far as PSU banks are concerned in terms of stock price returns. They may deliver appreciation even higher than their private sector peer group, so very positive on PSU stocks,” he said in an interview with CNBC-TV18.

He believes that PSU banks are going to be big beneficiaries of non-performing assets (NPAs) resolution as and when they do take place.

On Bandhan Bank, he mentioned, “Bandhan Bank will be the biggest beneficiary. If overall recoveries are picking up well in Assam and West Bengal, then you could see lower credit cost coming to Bandhan Bank and that is the benefit for the bank and it could give good appreciation to the stock price over the next six-twelve months.”

He also talked about Nazara Technologies. “Good pedigree, great track record and if you want to play this very exciting investment theme of gaming and increase time and money spent on gaming and related App, then Nazara is the only stock which is available for you to bet on at this point of time,” he stated.

“However, one needs to be a bit careful and have a slightly longer-term view on this stock. 60-70 percent appreciation could be a good price point to enter the stock,” he added.

According to him, the best period for metal stocks is behind them.

“No doubt, they will report excellent numbers in next two-three quarters on account of increased realisations. However, going forward there will be resistance as far as an increase in prices is concerned in a lot of these metal companies. I would typically like to buy steel and aluminium when they are at the bottom of the cycle from the long-term investment perspective and these stocks are not trading at the bottom of the cycle. So we could have a further 10-15 percent trading rally,” he said.

For more, watch the video.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Remain positive on private sector banks, large cap IT, says Elixir’s Dipan Mehta

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Dipan Mehta, Director at Elixir Equities remains positive on private sector banks. HDFC Bank, Kotak Mahindra Bank, Axis and ICICI Banks are typically long-term investment plays, he added.

“Large banks with good balance sheet, good technology, large network and branches, will continue to do exceedingly well. The likes of HDFC Bank, Kotak Mahindra Bank, Axis Bank and ICICI Bank typically are long-term investment companies and usually part of the core holding of many investors. If you are underweight in any of the private sector banks, then underperformance is a good opportunity to get equal-weight or slightly overweight.”

Under-performance in private sector banks is just a passing phase, Mehta said.

“We remain quite positive on all the private sector banks, this underperformance is just a passing phase.”

One needs to be a bit cautious on midcap IT space, he said.

“Largecap IT is a safe haven. Even from a trading point of view and a long-term investment point of view, top three-four IT companies with a big preference for HCL Technologies and Infosys could do well over the next few weeks,” he mentioned.

Watch the video for more

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Positive on BPCL, PSU banks, says Elixir’s Dipan Mehta

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Elixir Equities is positive on Bharat Petroleum Corporation Ltd (BPCL), said Dipan Mehta, Director at the investment firm.

“It is definitely an investment theme that investors can look out for in the current year,” Mehta told CNBC-TV18 while adding, “The privatisation of BPCL is gradually making progress and valuations were pretty good. Government is serious this time around so we should have a high probability that BPCL does get privatised and then the effect it has on the other public sector undertaking (PSU) oil companies would be quite decent.”

He believes the P/E multiple of Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Ltd (HPCL) will move up after BPCL’s privatisation.

“We could look at buying IOC and HPCL,” he stated.

Apart from this, there is a fire in PSU banks given that their credit costs are going to decline sharply over the next few quarters or so.

“That should lead to a spike in their net profit. They are available at extremely attractive valuations. The next couple of years looks decent for PSU banks. So that is the second pocket that investors could focus on.”

On banks, Mehta said, “There may be a few uncertainties as far as non-performing assets are concerned in the likes of Bank of Baroda (BoB), Punjab National Bank (PNB), Canara Bank but they are trading at a huge discount to State Bank of India (SBI). So if you want a nice, safe bank after HDFC Bank, Kotak Mahindra Bank, you could look at SBI at this point of time.”

BoB, PNB, Canara Bank can give good returns, he said.

“However, if you have a type of a traders type of an approach to the stock market then BoB, PNB, Canara Bank could easily give you 30-40 percent type of a return in a good market. If you want to play it really safe, buy a basket of three-four PSU stocks and that could isolate you or at least reduce the risk of any major negative news flow in any of the PSU counters,” he pointed out.

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Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Elixir’s Dipan Mehta: Positive on RIL; prefer PI Industries over UPL

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Dipan Mehta, Director at Elixir Equities is positive on Reliance Industries Ltd (RIL) and said that the oil-to-telecom-to-retail conglomerate will start outperforming the markets.

“This stock will start to outperform the markets. Underlying fundamentals are improving, it benefits from rising crude oil prices and commodity price increases are going to benefit the oil-to-chemical (O2C) business. Positive on RIL and such corrections are good opportunities for investors who are underweight in RIL to get equal weight considering its massive weightage in the Sensex and Nifty.”

Within the agrochemical space, Mehta prefers PI Industries, a more focused business model that benefits from many cycles that are underway, over United Phosphorous Ltd (UPL).

“I would give UPL a pass. Within the agrochemical space, the best pick remains PI Industries. I would go with PI Industries rather than UPL.”

In terms of metal stocks, he said, “I would like to be a bit cautious as far as metals are concerned. You need to buy them when there is distress in the sector not when the sector is booming the way it is.”

The oil marketing companies (OMCs) like Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL) and Indian Oil Corporation (IOC) are due for a trading rally.

“Any positive news flow on BPCL privatisation will have beneficial effects on the P/E multiples of IOC and HPCL. These are highly cyclical businesses and they are becoming more like utilities, the end of the day there is hardly any growth as far as OMCs are concerned because of the kind of growth in end product volume. So you could make a trading bet on it but certainly not great long-term portfolio stocks,” Mehta said.

Within non-banking financial companies (NBFCs), Bajaj Finance is a nice stable stock, he said.

“It is a good time to buy midcap stocks and microfinance companies and gold loan companies could outperform the overall NBFC basket,” Mehta added.

For more, watch the video…

Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

GAIL best pick within PSUs, expect positive triggers for RIL over next quarters, says Dipan Mehta

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Dipan Mehta, Director, Elixir Equities said on Friday he likes the Gas Authority of India Ltd (GAIL) within the public sector undertakings (PSUs) pack.

“It is a stock which is trading at a significant discount to its valuable underlying assets. It should be firing on all cylinders. Over the longer-term, they could be getting a higher fee for transportation of gas. Gradually the threat of government’s interfering in pricing is receding. So it is a good space to be in and GAIL is the best pick within the PSUs at this point of time,” he told CNBC-TV18.

On Reliance Industries Ltd (RIL), Mehta said, “With petrochemical cycle looking up, refining margins looking up, you could see Reliance firing on all cylinders. I am expecting positive triggers for RIL over the next quarter or so.”

He believes Bharat Petroleum Corporation Ltd (BPCL) is overvalued at this point in time.

“All the bidders who have come are financial bidders who would like to get higher returns but not strategic investors. That is a bit of a disappointment. Let us see how it plays out,” he said.

“There are many interesting opportunities in the gas space, so we will look at those stocks there,” he pointed out.

Watch the video for more

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Positive on Sun TV, SBI; Balkrishna top pick in tyre industry, says Dipan Mehta

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Dipan Mehta, Director at Elixir Equities, on Tuesday said that he continues to remain positive on Sun TV after the December quarter earnings. Mehta has been very positive on Sun TV for many quarters.

“Very positive on Sun TV. We and our clients are invested in it,” he said in an interview with CNBC-TV18.

Balkrishna Industries is Mehta’s top pick in the tyre industry.

State Bank of India’s (SBI) management commentary has been very positive, he said. “I think there is a shift of money away from private sector bank to public sector bank and the top pick remains SBI. So very positive on SBI as well at this point of time,” he said.

Mehta believes company like Galaxy Surfactants can grow at a pace faster than the average FMCG companies in India. “Very positive on Galaxy Surfactants. One can invest for three-five years and hope for a good compounding of earning,” he said.

For more watch the video…

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Prefer Tata Motors, Eicher Motors over Ashok Leyland, says Dipan Mehta

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Dipan Mehta, Director at Elixir Equities prefers Tata Motors and Eicher Motors over Ashok Leyland.

“Ashok Leyland is a great story, stock has done well. If I was invested in it, I would remain invested but from a fresh investment perspective, our preference will be for Tata Motors or Eicher Motors at this point in time,” he told CNBC-TV18 on Wednesday.

“I would like to go with Tata Motors or Eicher Motors where the commercial vehicle (CV) divisions or subsidiaries of both companies should start contributing materially in terms of the alpha when it comes to profit.”

Mehta believes some buying can be considered in Tata Consumer around current levels or at correction.

“Tata Consumer is a lot more about the food business, international business and not just the tea business, which is the largest contribution. Maybe some buying can be considered around these levels or at correction,” he said.

On pharma stocks, he said, “Within the pharma space, if you have a couple of large-cap pharma companies available at attractive valuations and good dynamics then I would side with the large-cap pharma companies other than Ajanta Pharma. Typically there are always risks with the midcap and smallcap companies. That is avoided if you go with the market leader.”

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Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow