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While some explained how unnecessary the move is, others simply disregarded the decision saying,

20% TCS: Twitter users went as far as dubbing govt's move to impose 20% TCS on international credit card usage as 'tax terrorism'

“We have been positive on a few themes like specialty chemicals, API and technology but are always careful about valuations.”

What is the view on Reliance Industries, how have you looked at the stock performance? Do you believe that the long term story looks intact? I believe so. I have found a shift this time. Reliance is known to first do capex and then monetise. These new plans on energy, getting Aramco on board means they are sweating their assets as they build on it. So Rs 75,000 crore on new energy business is welcome. We have seen Shell do that in 2016. All global energy makers have to make that shift towards...

Complete Circle Consultant. What do you make of this pause mode in the market? Will there be a directional move either on the upside or the downside? It is almost impossible to predict short-term moves but some consolidation, some correction in a few pockets is always healthy. There are obviously a few pockets of exuberance and one needs to tread with caution. The market is showing some signs of fatigue around these levels. So whatever we invest in, has to be backed by solid earnings support. B...

Explore Now Gurmeet Chadha, Co-Founder, What according to you is the next big trigger for the market? The biggest trigger is going to be earnings. There will be differentiation in a lot of sectors, especially in banking. The actual NPAs will be reported and so the real picture would come out in terms of how the collection efficiencies are progressing, how the overdue is playing out, what percentage of restructuring as guided by management is being adhered to. Liquidity events are also very im...

Bharti Airtel was a consensus buy a few months back. But the expected tariff hike has not transpired. That to me was a big trigger on which it initially crossed Rs 600 levels. But operationally, it continues to do well. It is gaining market share in 4G, adding probably twice the number of 4G clients. Their home business continues to do well. The African business has stabilised and I personally feel that a $2 ARPU is not sustainable for telecom in the long run. Also there was this expectation of...

How much more steam does the metals rally have? . If you look at the LME, the entire pack seems to be on fire. You have to be selective here. So one is catching the commodity cycle right and in this world of easy money with central banks expanding the balance sheet to probably $13 trillion in next one and a half years, commodity will be in a bit of an uptrend. But you have to avoid leveraged balance sheets and ensure that you do not get carried away. Tata Steel still looks good. If you see th...

What is your take on the IT pack? IT is looking very, very strong. The best news is it is probably getting priced in from this quarter’s revenue perspective. We continue to like Infosys despite the stellar runup in the largecap space. Now almost 50% revenue of the company is coming from digital. They have a clear Cloud platform in place with the name of Cobalt. The deal win momentum is extremely robust. The TCVs continue to impress and the focus on digital and cyber security is quite heart wa...

What is your take on the IT pack? IT is looking very, very strong. The best news is it is probably getting priced in from this quarter’s revenue perspective. We continue to like Infosys despite the stellar runup in the largecap space. Now almost 50% revenue of the company is coming from digital. They have a clear Cloud platform in place with the name of Cobalt. The deal win momentum is extremely robust. The TCVs continue to impress and the focus on digital and cyber security is quite heart wa...