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Capex being the key theme that the investors want to participate in, there has been very strong action across names like L&T, Voltas and a host of midcap companies, says
Hemang Jani, Equity Strategist & Senior Group VP,
MOFSL.
It has been a strong beat for
Tata Steel on EBITDA, deleveraging has been accelerated, the consolidation debt reduction stands at a sizable Rs 10,300 crore on a sequential basis. Do you think the earnings are going to push the stock further because it has already been quite a winner?
Numbers have been pretty good and there is a beat across most of the parameters. The India business, in particular, stands out in terms of volume growth, EBITDA per tonne. The big takeaway was the significant debt reduction that the company has been able to achieve. The key focus area for the market could be how the European business shapes up because if you look at the quarterly numbers and leave aside the one-time item, even the European business was reasonab
Within the banking universe, the State Bank of India (SBI) is something that people would definitely prefer at this stage because there is very strong revival in the operating parameters and the subsidiaries are doing pretty well and contributing to the overall valuation. Most of the stocks have run up and people may want to get into something which is within their comfort zone on the valuation parameter.
SBI is something that would definitely fit in despite the runup that we have seen in the last six months. This is one stock which has all the ingredients to make it more attractive. So, valuation- wise and on all parameters operating environment, the provisioning and growth going forward SBI stands out . It is one of our top picks within the banking universe.
Want to invest in auto sector? Consider Eicher, Tata Motors, Ceat
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Last Updated: Jan 27, 2021, 11:50 AM IST
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There are enough catalysts for auto companies to shine and we like Eicher, Tata Motors, Ceat from an investment perspective, says Hemang Jani
ETMarkets.com
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The monthly numbers and the positivity in management commentary for companies which have announced results give confidence that the overall growth is continuing in the auto sector, says
Hemang Jani, Equity Strategist & Senior Group VP,
MOFSL.
Is the resurgence in the auto sector across categories and not just in CVs but also two-wheeler majors, passenger vehicles, tyres as well as battery makers?
Positive data points across real estate and aggressive ordering by the government are good for the cement sector and within largecaps, UltraTech is the top bet, says Hemang Jani