Tag: Elixir Equities

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.

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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

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

Tata Steel great stock to have in portfolio; positive on HFCs, says Dipan Mehta

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

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Dipan Mehta, Director at Elixir Equities, says Tata Steel is a “great stock” to have in the portfolio for the next six-twelve months.

“Try buying it 5-10 percent cheaper or so but otherwise also it is a great stock to have in the portfolio for the next six-twelve months,” said Mehta while talking about Tata Steel in an interview with CNBC-TV18.

According to him, there are many sectors in which unlock trade may play out really well. “It could be realty, it could be housing finance, it could be appliances and even the banks.”

On Bharat Petroleum Corporation Ltd (BPCL), he said, “I would not like to play the BPCL or the privatisation trade or any other oil companies at this point of time and I think there are better opportunities elsewhere than some of these businesses.”

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; safe to own HDFC Bank & Kotak: Dipan Mehta

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

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HDFC Bank and Kotak Mahindra Bank are the safe stocks to own, said Dipan Mehta, Director at Elixir Equities in an interview with CNBC-TV18.

“They are secular growth stories and if you want safety with growth then HDFC Bank and Kotak Mahindra Bank are a must have in your portfolio,” he added.

According to him, reports of Kotak Mahindra Bank and IndusInd Bank deal were a complete rumour. “A few weeks ago, Hinduja Group said that they wanted to increase the stake in IndusInd Bank. So I don’t think that when you have such strong promoter in IndusInd Bank they would like to dilute their holdings and get merged with Kotak and to an extent lose their identity,” he said.

“One shouldn’t bet specifically on this event taking place. On the whole if you have slightly more risk appetite then IndusInd Bank may tend to outperform over the next six-twelve months the entire banking index,” he added.

Mehta is positive on the banking and non-banking financial companies (NBFCs) sector as a whole. He feels they may regain the leadership position in next year.

Dipan believes one needs to be a bit cautious on Reliance Industries Ltd (RIL). “No doubt, great company and certainly fantastic long-term prospects given the kind of efforts that have been done on setting up new businesses but you could have a soft patch in RIL and a fair bit of underperformance,” he said.

(Disclosures: 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

Here’s why Dipan Mehta prefers JK Cement, Birla Corp over frontline cement names

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

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ACC numbers have been good and that is a precursor of what we can expect from the cement industry, said Dipan Mehta, Director, Elixir Equities in an interview with CNBC-TV18.

He expects ACC and other cement stocks to move in tandem with the market. With the overall economy opening up and rural consumption picking up, he hopes to see higher cement volumes.

“It is better to go for companies where we expect expansion plans to go onstream. Something like JK Cement, Birla Corporation may perhaps outperform the biggies like ACC, Ambuja Cement, UltraTech Cement and Shree Cement,” he said.

Among IT plays, he says L&T Tech is a good medium-long term investment.

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

Here’s why Elixir’s Dipan Mehta likes metal stocks, including Vedanta

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

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There is significant improvement in volumes across the board for commodity stocks, ferrous, non-ferrous and prices as well have gone back to pre-COVID levels, Dipan Mehta, Director at Elixir Equities said in an interview with CNBC-TV18. He is positive on the sector.

According to him, Vedanta is such a major player within the metals industry, and so will benefit from a cyclical upswing in the prices and volumes. These are high operating leverage business, so as and when revenues go up, profits will rise even sharply, he said. “I am quite positive on Vedanta,” Mehta said.

On consumer durables, Mehta said the best way to play rising consumer and changing demographics in India was through shares of consumer appliance companies. A lot of consumer appliances are now in higher demand than they were before, he said.

“There is a lot of choice as far as the consumer durable companies are concerned and investor should have a specific strategy as to which categories they want to be in and have a few holdings over there in their portfolio,” he said.

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