A pop-up menu will appear with a variety of emoji for you to choose from. No, nothing, it is just that the rising tide lifts all boats, all of us have to remember that.ĭon’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.To insert an emoji in Outlook for desktop, click on the smiley face icon in the lower-right corner of the composing window. Anything that you would want to talk about when it comes to the entire insurance sector? I know you have not been too bullish about the entire insurance space but today General Insurance Company, New India Assurance are all up around 15 to 20%. But still, these companies should be able to outperform the overall markets. People will not obviously get the same kind of returns as the profit increases in these stocks. But stocks obviously run ahead of fundamentals and so many stocks have run up. There is a huge capex cycle on, it is only improving and to that extent calling out at a time where there are just one or two years into a big cycle might not be the right idea. The best could have been behind us or do you think there is still opportunity to buy into these names? What about ABB? It has been a great quarter for them, beat on all counts, the order inflows are looking extremely robust? Would you not say that for the entire capital goods manufacturing story. But overall, for consumer goods companies’ the fourth quarter results are expected to be challenging and for some it has been more challenging than for others. Now milk prices have been on a boil so what that does to their performance at a time when consumer demand is subdued and that would also have had to push sales into the market is something we need to see. They had some hedges also going for them, which helped them initially. Would they also get hit by the rural slowdown or do you think that is a completely different story and more of an urban consumption so you are not likely to see the same kind of margin that you have seen from Dabur?īritannia has held up amidst a lot of headwinds related to uptick in wheat prices and uptick in milk prices etc till the last quarter. HDFC and HDFC Bank will get their fair share and should continue to do well.īritannia is due to report its numbers tomorrow. Overall, in a positive fund flow scenario, which I expect to last, the emerging market flows will remain strong. The challenge always is the merger process and what it does to the margins because, for bulk borrowers like HDFC where the repricing of loans happens faster, they benefit in the initial periods. HDFC performance this quarter was expected to be strong. What is your take as far as HDFC Ltd is concerned? The twins continue to surprise on the upside when it comes to the performance and given their scale, definitely deserves a thumbs up? Companies will try to grow through volumes and those could be the main reasons. Obviously, price hikes are no longer happening, so I think the price has been moderating. My guess is there could have been higher promotional and advertising expenses which could have led to this miss because the company would have tried to push volumes. While we are still trying to grapple our head around this margin miss from Dabur, what do you think this could be regarding?Īll of us know consumer demand has been extremely subdued and so most of the companies have been trying to push volumes into the market. It is tough because it is such a huge index component that if the overall market moves, they would not really fall but I do not see big upsides.” In a scenario where the US dollar is also looking to enter into more of a declining cycle, we could also have a situation where the rupee also does not benefit them. Sandip Sabharwal,, says the “overall market outlook is positive but the outlook for IT companies actually continues to deteriorate.
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