Page 7 - Elixir Equities News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Dipan Mehta believes that the stock with the most potential in the digital arena is Zomato, as it is on track to profitability. Mehta also mentions that the US yield movement is impacting markets in Asia. He expects a quiet period in the domestic market until October, when corporate earnings will have a more significant impact on stock prices. Mehta also discusses the upcoming credit policy, stating that it is likely to be a non-event.

Specific sectors, nothing specific in mind, but banks should do pretty much well for the next two-three weeks or so and we will be entering into earnings season and those are the keys and news flow which you should watch out for because when the company declares the earnings that is when we have the maximum volatility and a lot of trading also happens around those events. So, I think we are in for a quiet week from the news flow point of view, but pretty busy towards the end of next month.

“I am really looking for further triggers for the stock market to move up from these levels. Intuitively, you do feel that there should be a correction, it could be healthy, shake out a lot of the weak players and provide an opportunity to get into good quality businesses at reasonable valuations, with margin of safety.”

"So long as the company continues to deliver on the quarterly front and the fundamentals have not changed, the underlying growth momentum has not changed, it is best to remain invested. I can tell from decades of experience, that you get multibagger returns by just staying put for three years, four years, five years and not trying to do this entry exit kind of a strategy. "

“We are seeing more and more trading positions being loaded onto the market. And leverage positions also I suspect are coming through. So, it is a situation where we are near entering a parabolic zone, which means that from here prices can easily go into some kind of a bubble territory. ”