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Dipan Mehta of Elixir Equities advises remaining invested in quality stocks even if they are overvalued. He highlights the BAT stake sale in ITC and the slow growth in its tobacco and FMCG businesses. He also discusses the preference for large private sector banks and positive outlook on the IT sector.
India's blue-chip indexes Nifty 50 and Sensex hit record highs on Friday, logging third straight weekly gains, as faster-than-expected economic growth boosted demand amid signals the rally will...
Dipan Mehta says the absence of froth and lower risks in the market indicate positive sentiment. The percentage of professionals managing the money compared to just raw retail coming to the market is significantly higher at this time around in this bull market than ever before. Union Bank's sensible strategy to improve capital and drive growth is praised while auto sector may see a slowdown.
Dipan Mehta points out that Paytm's earnings have been impacted by RBI regulations. One should be cautious about investing in this stock due to uncertainty. While QSR companies' valuations are high, earnings have disappointed. Devyani and Jubilant FoodWorks underperformed. Varun Beverages worked well. There are regular soft patches in QSR companies. We remain cautious on the QSR space.
Dipan Mehta of Elixir Equities is positive on software companies, particularly HCL Tech., but he would prefer to go for midcap IT stocks. But there I should expect some more correction before I look at buying into those companiesHe questions the credibility of Zee's management and doubts their ability to create value. Mehta prefers to wait and watch the performance of recently listed banking and power financier companies before making investment decisions.