Under Sodhi’s watch, the cooperative started sourcing milk from states other than Gujarat, increased its total milk purchases manifold, strengthened the distribution and sales network and entered new product categories.
Q3FY23 is likely to be flat with many firms still passing on the input price rise from earlier quarters. Over the next two quarters, corporate margins may bottom out and see improvement which could support earnings.
In 2023-24, the company aims to scale up loan sanction to over Rs 6,000 crore, PFS managing director and chief executive officer Pawan Singh tells Moneycontrol. Singh also says the company does not fully agree with the findings of a forensic audit by CNK & Associates
In a candid interview with Moneycontrol, KreditBee co-founder and CEO Madhusudan Ekambaram said that he intends to take the company public in three years. He also shared the rationale behind raising funds and provided an overview of the company's revenue and profit numbers.
There are enough levers for bank credit growth to remain robust, but companies may take a relook at corporate bonds for fund-raising as bank loans begin to look expensive with rates hikes, says the group head of treasury and markets
Motilal Oswal Financial Services chairman says corporate earnings will have to justify equity valuations and a 15-17 per cent bump in earnings will activate the bulls.
Banking is in a sweet spot with good credit growth and lower NPAs (non-performing assets). Thus, with some challenges that will appear in the second half of the year, banking will continue to remain in a sweet spot.
The Budget 2023 should only fine-tune long-term capital gains tax and not anything extensive. Also, the Budget could give some relief on the cheaper or mass consumption items. That could do some magic, says Agrawal
Motilal Oswal Financial Services' Chairman Raamdeo Agrawal's comments dovetail with concerns relating to Mamaearth’s valuations. The digital-led beauty and personal care company was the first unicorn of 2022 and filed for listing at the end of the year
The number of ‘hacktivist’ groups has gone up in recent years and so have cyber attacks on government agencies, says the co-founder and CEO of the cyber-security firm
Possibility of a decline towards 41,000-40,330 zone on Bank Nifty remains high but a breach below 40,000 level immediately looks unlikely.
Railway capex will continue to be a big theme for the foreseeable future, as there has been several years of under investment.
A value investor, Aniruddha Sarkar does not believe in index-hugging when it comes to sectoral allocations, and sees promise in the consumer and banking sectors.
Shah says that the whole of 2023 will be a year of investing, and not harvesting, to make money over the next five years.
IT & Pharma both the export-oriented sectors are likely to provide good investment opportunity in second half of 2023.
You don’t need to be a financial analyst to succeed in the markets. Just common sense, and discipline, says Shah.
Shah, who is a firm believer in the mean reversion theory, says sectors that haven’t done quite well in 2022 will bounce back in 2023. He says sectors like banking, technology, pharma, infra or anything related to construction, which is real estate, are the ones to watch out for
Sentiment, liquidity & fundamentals together will ensure India outperform at least some global peers if not all.
The Indian economy is relatively better placed than peers and advanced economies. In the near term, returns maybe moderate in India due to relatively higher valuations, global growth slowdown (or even recession) and some domestic slowdown as well.
As deposit rates fully reflect the rise in yields, UBS Securities India expects households to further move away from risky equities into fixed deposits.
Madanagopal Ramu of Sundaram Alternate Assets expects indices to be under pressure in H1 2023, but expects a recovery in H2.
The global environment continues to be complex, which is why Sommaiyaa expects there will be downgrades and earnings growth will be scaled down to low double-digits instead of 15-16 percent.
Given the fact that we are in the midst of a Quantitative Tightening cycle, it’s difficult to imagine expansion in valuations. Even at long term average valuations, markets may show decent upside potential in 2023, while superior stock selection can lead to even better returns.
Looking ahead st 2023, the White Oak Capital CEO is betting on non-lending financials, consumer discretionary, and midcap IT. And also on losing weight
He feels that we need to invest more in the rural sector and in modernising agriculture to make it more productive to live in Indian villages.