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ICICI Bank, which owns nearly three-fourths stake in ICICI Securities, has proposed a share-swap ratio in which investors of the broking unit will receive 67 shares of the parent lender for every 100 shares they own.
Deepak Shenoy remains optimistic on India's overall story and cautious on exports and FMCG sectors. He emphasizes the importance of clarity before reinvesting and discusses potential sectors for upcoming investments, awaiting March quarter results for further decisions. Shenoy further says he has moved out of the cable and wire sector.
Deepak Shenoy, founder of Capital Mind, shares insights on India's infrastructure changes and the challenges faced by the fintech industry. He discusses potential regulations in the hospital space and the impact on pricing. He also highlights the importance of buffers in investment portfolios to address market illiquidity. He says: "We would like to buy more when the stocks go up rather than just on declines."
Deepak Shenoy discusses the correction happening in the market, particularly in stocks with froth. He advises making calls based on individual portfolios, mentions the ongoing resolution with Paytm, and expresses caution about investing in the pharma pack due to uncertainties. Some stocks, for instance, are pure momentum and you have to play them as momentum per se, which means you get into them when they are going up and you get out of them and they are going down, that is just how the business works.
Sensex’s returns pale in comparison with the BSE PSU index's rally over three months