SKF | NRB Bearings | Timken: Wait on the sidelines in FMCG; betting on bearing stocks: Chakri Lokapriya indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Against this backdrop, the valuation where it is and also given the fact that the rural portfolio is still not really growing fast and because the rural India spend is still slow, against a combination of these factors I would stay away from the stock.
Chakri Lokapriya discusses earnings upgrades in infra, auto, metals. Maruti's EV models offer growth potential. TCS projects higher growth than Infosys. Wipro faces challenges with new CEO. The approach to automobiles sector is not only betting on things which do not only make products for EVs, but for both types of automobiles.
Chakri Lokapriya says Skipper and JTL Infra stand out for valuations and expansions, driven by rising copper prices and industrial activity. Banks benefit from increased loan disbursements. Urban consumption and real estate sectors show growth potential, with companies like Prestige, Sobha, Hi-Tech Pipes, Prince Pipes, and Park Hotels demonstrating promising valuation multiples.
Chakri Lokapriya anticipates a strong year with robust fundamentals in new sectors. Smallcap index saw a 70% return. Focus on investors, traders, NBFCs, auto sector players like Maruti and TVS Motors, and companies like Shriram Finance, SBI, VIP and Safari. Also, Lokapriya says we will continue to hold on to Indian Hotels, Chalet Hotels, Lemon Tree, Thomas Cook.
Chakri Lokapriya remains positive on manufacturing and maintains positions in PSUs like Union Bank, Bank of India, and SBI. He discusses the convergence of ROAs and ROEs between private and PSU banks. IREDA is the more expensive stock, but I think PFC and REC are looking good.Tata Motors and Jio Financials are highlighted as stocks with growth potential.
According to Chakri Lokapriya, interest rate cuts ususally benefit real estate sector. ITC eyes stake in Prataap Snacks. Grasim's paints business affects Asian Paints and Kansai Nerolac. Airtel, Indian Hotels, and Chalet Hotels perform well. Nifty IT shows positive gains. Indian IT services benefit from AI projects. Earnings growth drives market momentum.
Chakri Lokapriya says: Mankind Pharma has performed well, with strong consumer and institutional business and improving margins. Mankind Pharma's stock has doubled, and the business momentum continues. Lupin's franchise looks good. Hold real estate stocks as interest rates peak and unsold inventory decreases. Zomato focuses on improving profitability. Catholic Syrian Bank management has changed. V-Mart is well positioned in tier-2, tier-3, tier-4 towns.
The PSU sector has gained attention, but the market cap and valuations of individual stocks are not overheated in the long-term context. Now we can expand the story to many of the other stocks in the PSU space. While many PSU stocks have seen significant gains in the past year, caution is advised in blindly buying at current levels.
Chakri Lokapriya, discusses the reasons for FIIs selling, including the instability of the rupee and the potential interest rate cuts in the US. He also highlights the positive prospects for Tata Motors, citing its diverse portfolio of international and domestic vehicles and improving balance sheet. Lokapriya expects the budget to have a swing impact, particularly through increased capex and rural focus. He emphasizes the importance of L&T's order book in driving its strong revenue growth.