Posted on

Current bull market correction may last till August; investors need to be selective, says experts

Trading Holiday, Ram Navami Holiday, BSE Holiday, NSE holiday, stock market holiday, bombay stock exchange, national stock exchange, ram navami, public holiday,

[wealthdesk shortname=”PVR” isinid=”INE191H01014″ bseid=”532689″ nseid=”PVR” sector=”Media & Entertainment” exchange=”nse”]

A sharp fall in the last hour of trade saw equity markets end Friday at day’s low but for the week the Nifty, Sensex and Nifty Bank ended flat with midcaps underperforming.

In an interview to CNBC-TV18, Devina Mehra, Founder, Chairperson and MD of First Global said that investors will have to be selective this year unlike in 2021

“We think investors will have to be very selective this year unlike 2021 as you will see divergent trends across sectors and within sectors.”

She remains cautious on the banking sector but continues to have overweight position on select commodity stocks.

Jai Bala, CMT at Cashthechaos.com said that the current bull market correction is likely to last till August.

“The global markets are in a firmly entrenched down trend and it is not going away. This bull market correction is going to be a deep one which is likely to last till July or August. Once 16,850 is broken we are going to see price expansion to the downside for the Nifty.”

Bala recommended buying PVR and Trent for the short term but remains bearish on Britannia.

Watch the accompanying 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.

Posted on

Tata Motors to launch 10 vehicles in next 5 years, says MD Shailesh Chandra

Tata Motors has unveiled its most advanced electric vehicle concept yet, the Avinya.

The company said the Avinya, has been built to global benchmarks and will be launched in 2025. Shailesh Chandra the managing director of Tata Motors passenger vehicle business unit said, that Avinya defines the future of mobility, is based on wellness of body and mind and will give a minimum range of 500 kilometers.

That’s not all, Tata Motor’s has global plans for its electric vehicle segment. The company already has the Tigor and Nexon EV’s, they have unveiled the Curvv and now the Avinya. The company will also be unveiling its strategy for commercial vehicles in the EV segment next week.

In an interview to CNBC-TV18, Chandra said the company will launch Avinya in India first and then look at global markets.

“We are targeting 2025 as the timeline to introduce Avinya. This is a global product which is being pioneered out of India but whether we are going to go international at the time of launch is something which we will decide in the coming time. As of now, launch will be in India and then subsequently we will plan for the global markets.”

He said Tata Motors will come out with 10 products in the next 5 years.

“Nexon EV and Tigor EV are two products in generation 1, Tata Curvv in generation 2 and now Avinya we have showcased in generation 3. We have also communicated to the market that we are coming with 10 products in the next 5 years.”

Watch video for more.

Posted on

Watch this video before investing in Mutual Funds

Mutual Funds

In this episode of Smart Money, Radhika Gupta, MD & CEO of Edelweiss answered viewer queries on investing in mutual funds.

She spoke at length about debt mutual funds, smart beta funds, Edelweiss IPO Fund, Edelweiss Nifty Large & Midcap Index Fund among others.

Watch the accompanying 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.

Posted on

Wheat prices may go up; expect India to become a net exporter in 3-5 years: Rabobank

Wheat prices have hit all-time highs in 2022. Carlos Mera Arzeno, Senior Commodity Analyst at Rabobank, believes that there is a lot more potential for prices to increase in the future.

“Russia is the number one exporter of wheat and with Russian banks affected by the SWIFT exclusion, many traders not trading with Russia will create challenges ahead,” he said.

He added that the demand for wheat is very inelastic, unlike products like corn or soybean, so there is lot more potential for further price increases in the future.

On his thoughts about India turning into a net exporter of wheat, he said it is a great help, but there are also logistical issues involved. “India is not used to exporting this volume of wheat. In the short term, it seems to be a welcome relief for wheat trade, especially for those countries which need to import wheat, such as Egypt and some other middle eastern countries,” he said.

However, it is more of an exceptional situation, he said, adding that India had an excellent monsoon last year, but this may not be the case going forward.

“I would expect India to become a major exporter of wheat three to five years from now, At least not just yet,” he said.

Last week, a government official told CNBCTV-18 that India is well positioned on wheat availability and the stock in April is estimated at 190 lakh metric tonne (LMT) versus a stocking requirement of 75 LMT.

Further, India’s current buffer grain stock stands at 513  LMT and this is double the requirement of 210 LMT for April.
The government has also raised the wheat production target for 2022-23 as it expects 328 metric tonne (MT) to be produced against 316 a year earlier.

Earlier this month, Commerce and Industry Minister Piyush Goyal on Friday said Egypt, which is one of the largest importers of wheat from Ukraine and Russia, has approved India as a wheat supplier.

Watch video for more. 

Also Read: Wheat exports: How India plans to meet global demand amid lower yields from Punjab, Haryana, UP

Posted on

MF Corner: What experts make of Kotak Flexicap, HDFC Midcap Opportunities funds now

Mutual Funds

In this episode of Mutual Fund Corner, Shweta Rajani, Senior Vice President & Head of Mutual Funds at Anand Rathi Wealth and Anand Dalmia, Co-Founder & Chief Business Officer at Fisdom answered viewer queries on investing in mutual funds and exchange traded funds (ETFs).

They spoke at length about Kotak Flexi-Cap Fund, HDFC Midcap Opportunities Fund, L&T Midcap Fund, ICICI Prudential Nifty Next 50 Fund, HDFC Balanced Advantage Fund, ICICI Pru Balanced Advantage Fund, among others.

Watch the accompanying 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.

Posted on

Kotak Securities says this infra stock will see a 26% upside in medium to long term

nocil share price

Kotak Institutional Equities said it is positive on GMR Infra with a buy rating on the stock and a target price of Rs 48 as the company is seeing improvement in average transaction value (ATV) and retail spending compared to the pre-COVID levels.

The stock, which fell more than 20 percent this year, is seeing a sharp recovery as passenger volume at Delhi and Hyderabad airports increases. According to Kotak, the Hyderabad Airport, owned by GMR Group, is one of the leading Indian airports witnessing a sharp domestic passenger recovery.

The stock gained more than 2 percent to Rs 37.95 per share on Tuesday. As per the current price, Kotak expects a 26 percent upside in the stock to Rs 48 in medium to long term.

“GMRI’s airports in Delhi and Hyderabad have seen a faster recovery in domestic volumes versus their counterparts. The recovery rate or ratio of March 2022 domestic passenger volumes to February 2022 pre-COVID levels is higher at 91-92 percent for GMRI’s airports versus 84-85 percent for Mumbai and Bengaluru airports. This is again a testament to the active role an airport operator can play in planning routes with airlines and adding new destinations. Hyderabad airport has added 16 domestic and four overseas destinations during COVID times,” said Kotak.

“Our recent visit to GMRI’s Hyderabad airport suggests a meaningful improvement in average transaction value (ATV) in retail for domestic passengers. On March 22 basis, ATV has improved to close to 140 percent of pre-COVID levels… The spending intensity per unit for retail has accordingly improved to close to 120 percent of pre-COVID levels and would have improved even more in recent times as domestic passenger count has recovered to pre-COVID levels,” it added.

According to Kotak, changing passenger habits — of avoiding a trip to a mall during COVID times and instead shopping at an airport ahead of journey — played a crucial role in the improvement in ATV.

Posted on

Gold price likely to be volatile in short term; here’s why

Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich (Image: Reuters)

Gold prices have seen some profit booking after touching USD 2000 per ounce last week.

In an interview to CNBC-TV18, Chirag Sheth, Senior Research Consultant at Metals Focus believes that gold prices may remain volatile between USD 1850 and USD 2000 for the very short term due to geopolitical tensions and Fed rate hike expectations.

Watch video for more.

Posted on

Indonesian government may exclude crude palm oil from export ban

India Malaysia palm oil imports

CNBC-TV18 had learnt on April 25 that Indonesia’s ban on palm oil exports, which comes into effect from April 28, may exclude crude palm oil and refined palm oil. The Indonesian government later clarified that the export ban wouldn’t be applicable to crude palm oil but will only cover shipments of refined, bleached, deodorised (RBD) palm olein

India imports 45 percent of its palm oil from Indonesia, 45 percent from Malaysia and 10 percent from Thailand.

Indonesia’s export ban is focused on controlling its domestic inflation.

Watch video for more.

(Correction: A previous version of this story had said refined palm oil could be excluded from Indonesia’s export ban but the nation has clarified that the ban would be applicable to refined, bleached, deodorised (RBD) palm olein.)

Posted on

Bajaj Finance net profit likely grow 70% in Jan-Mar quarter but new loans fall

Bajaj Finance is scheduled to report its fourth-quarter (Q4FY22) earnings on Tuesday. A poll of market analysts, who track the company, conducted by CNBC-TV18 expects net interest income (NII) growth of 14.5 percent at Rs 5,332 crore against Rs 4,659 crore in the same period a year earlier. The net profit is likely to see a growth of 70 percent at Rs 2,442 crore.

According to the company’s business update for this period (Jan-Mar 2022), new loans are down by 15 percent, aided by a higher average ticket size, compared to the quarter. In the same period, the assets under management (AUM) has grown 9 percent. When compared to the same period a year before the growth is 29 percent.

The stock in the past six months has fallen 10 percent and in the past month traded flat.

Watch our in-house banking analyst, Abhishek Kothari’s take on what to expect for more…

Posted on

HDFC Life likely to see 6% growth on annual premium equivalent basis in Q4

HDFC Life, a subsidiary of Housing Development Finance Corporation, is set to announce its earnings for the fourth quarter of financial year 2022, on Tuesday.

A CNBC-TV18 poll expects total annualised premium equivalent (APE) — annualised premium from the new business plus 10 percent of the first single premium — to grow by 6 percent at Rs 3,050 crore against the Rs 2,881 crore seen during the same period last year.

Value of new business (VNB) is also expected to grow by 6 percent at Rs 823 crore on a year on year (YoY) basis, while VNB margin is likely to be at 26.3 percent versus 26.9 percent last year.

The stock closed 2.49 percent lower at Rs 540.25 per share ahead of the Q4 earnings announcements.

Watch video for more details on expectations