“This quarter would be good across most of the hospitality names and the next two quarters are going to be extremely good. We think that the best participant would be Indian Hotels followed by Lemon Tree. I think these are the two names where you have a fair amount of growth visibility.”
According to Hemang Jani, Independent Market Expert, the IT sector has entered a value zone, making it attractive for investors with a medium to long-term view. However, he cautions that the near term will continue to be affected by sluggishness in growth and tech spending sentiment. Jubilant Food s weak demand environment is expected to weigh on margins and earnings growth. Jani advises caution when considering the Honasa IPO, as the company is still loss-making. IndusInd Bank has been a strong performer and is seen as an attractive option in the banking sector.
“There is a mini bubble in the broader market and one needs to be selective about that. Do not be too quick to jump into an index which has gone up 35% and stocks that have gone up 3X-5X. Okay, the stock has corrected 5%, 10%, let it stabilise, do some homework and then start nibbling.”
Market expert Hemang Jani is optimistic about Paytm and Zomato due to their improving operating prices and expanding user base. He believes that Paytm s loan products and wealth offerings are driving its profitability, and sees a potential upside of 20-22% for the stock. Regarding cement stocks, he expects positive growth in earnings and M&A activity in the next few quarters. He also highlights the impact of rising crude oil prices and bond yields on the market, emphasizing the need for a stock-specific approach.