Tag: Dipan Mehta

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.

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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.

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

Positive on NBFCs, be patient with RIL, says Dipan Mehta

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

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Dipan Mehta, Director at Elixir Equities believes non-banking financial companies (NBFCs) have a great way forward considering that a lot of consolidation has taken place in the entire banking sector.

“Overall credit is picking up. Automobile and housing have picked up and provide a lot of opportunities for the NBFCs. I am quite positive on the NBFCs space and depending on the numbers for this quarter, we would be looking at buying into some of the interesting NBFCs especially gold finance, microfinance or consumer finance,” he told CNBC-TV18.

On Reliance Industries Ltd (RIL), he said, “Many things going positive for RIL, the stock has underperformed largely because the rest of the market has done pretty well providing many opportunities. If we have a good number and positive commentary from the management, we could certainly have the stock start to perform in-line with the Sensex and Nifty.”

RIL is a long-term play, Mehta said.

“RIL may not be such a great trading play and one needs to be a bit more patient, have a three-five year type of view on RIL.”

Mehta also said though he is invested in Larsen and Toubro Financial Services, this company doesn’t seem to be that attractive at this point in time.

“There are better bets in the NBFCs space which perhaps have higher growth rates,” he said.

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

Cautious on Tata Motors; buy Maruti and Eicher Motors on dips, says Dipan Mehta

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

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Dipan Mehta, Director at Elixir Equities, has advised investors to be cautious on Tata Motors while suggested one should buy Maruti Suzuki and Eicher Motors on a correction.

“One needs to be a bit cautious as far as the stock (Tata Motors) is concerned. I wouldn’t like to buy at these price points. If the stock rallies 5-10 percent or so then one can look at booking profits over there,” he said in an interview with CNBC-TV18.

Mehta, in fact, remains slightly cautious on the automobile sector. “The risk-reward doesn’t favour making any fresh investment in auto shares as well.”

He, however, says, “We like Maruti Suzuki, Eicher Motors but I would like to wait for the correction before buying into these stocks.”

In terms of Ashok Leyland, he said, “When you want to buy commercial vehicle (CV), this is the only largecap stock which is available for investors to buy and the CV cycle has picked up pretty well. Given the way the stock has run up and its present valuations, I would say that at least fresh investments cannot be made but yes, there is momentum behind the sales so, therefore, existing investors can remain invested, the stock can rally further 5-10 percent also from here but the risk-reward is not favourable to making at least a fresh investment.”

Mehta is optimistic on banks. He expects normalcy to come back into the banking sector as far as the economy is back on its feet. “A lot of the negatives have been priced in and valuations are attractive, overall credit growth picks up then you would see these banks doing well over the next few quarters,” he said.

For more, watch 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

Expect to see good trading rally in 2021 in PSUs, says Elixir’s Dipan Mehta

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

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Public sector undertakings (PSUs) could see a good trading rally in 2021, said Dipan Mehta, Director at Elixir Equities on Monday. Mehta, however, cautioned that these stocks need to be monitored very closely due to volatility vis-à-vis earnings.

“My views on PSU banks are in negative for all these years and that is worked pretty well for us and our investors. Now we can see a good trading rally in 2021 in the PSUs,” he said in an interview with CNBC-TV18.

Investors would do well to keep in mind that these PSU stocks are not for long-term and rather require close monitoring.

“However, one should keep in mind that these are not stocks to be held for three-five years, they can never be part of the core holdings and one needs to track them very closely because they are volatile in terms of their earnings,” he said.

Regarding market, he said, “There is euphoria all around, positive newsflow all around, we cannot see any threats, there are no dark clouds and it seems to be like a nice clear growth runway but things are never as good as they appear to be and I would like to be a bit cautious at this point of time and wait and watch. Let us see how this earning season plays out and whatever demand which we are seeing across industries, whether it is based on a lot of pent-up demand or whether there is genuine upcycle taking place within the economy.”

According to him, Maruti Suzuki India and Eicher Motors are the winners of the auto industry.

“Tata Motors is a complicated company, it is very difficult to get a handle on it. It has not been a great wealth creators like Hero Motocorp or Eicher Motors or Maruti,” he said.

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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

Remain negative on aviation; buy paint companies on dips, says Dipan Mehta

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

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Dipan Mehta, Director, Elixir Equities, remains negative on the Indian aviation space as he believes there are many headwinds for the sector.

“From every angle that I look from at the aviation company (space) – we remain negative and no doubt there is consolidation and the largest player, InterGlobe Aviation (IndiGo), has gained market share but the overall pie has definitely shrunk,” he said in an interview with CNBC-TV18.

“There are many headwinds as far as Indian aviation is concerned. Not to forget the fact that large number of planes have been ordered by the existing airlines. So capacities also will move up for the next two-three years or so,” he said.

According to him, valuations on paint companies still remain high and one correction is not going to change that. “Existing investors can certainly remain invested. Keep these stocks in your watchlist. If you see a steep correction in the market in these stocks, that will be a good entry point but not at current levels,” he said.

In terms of IT sector, he said, “Amongst the largecap IT stocks, I am positive on Infosys. Dark horse will be Wipro. Very positive on largecap and midcap IT.”

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.

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 IDFC First Bank, RIL, Alkem, says Dipan Mehta of Elixir

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

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Dipan Mehta, Director, Elixir Equities is positive on IDFC First Bank, Reliance Industries (RIL) and Alkem Laboratories.

“IDFC First Bank is one of the top banks to buy in this market. Other banks also are quite interesting but this one had a good track record and very dynamic management,” he said in an interview with CNBC-TV18.

According to him, all these banks certainly will benefit if the Reserve Bank of India (RBI) goes ahead and changes its policy as far as ownership norms are concerned.

AU Small Finance Bank is the best pick as far as small finance banks are concerned, he said.

“I have been positive on Reliance Industries Ltd (RIL). It is a good defensive stock. It is time to be a little bit patient because some of the businesses which they are nurturing at this point of time have a very long gestation period to start getting into profitability and having decent return ratios as well,” he said.

He believes, while there is a possibility of 25-30 percent rally in public sector undertaking (PSU) stocks – as they come back to mean averages as far as their P/Es are concerned – it is not going to be a secular growth story where investors can buy and hope that the stock will double/triple over a three-four year period.

“However, because of their attractiveness, you will see very strong trading rallies from time-to-time and investors who have a trading mindset will certainly look at participating in those trading rallies,” he said.

Dr Reddy’s Laboratories (DRL) is one of the best picks within the pharmaceutical space.

He is positive on Alkem Laboratories too.

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