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Kenneth Andrade, of Old Bridge Capital Management, emphasizes market breadth narrowing to specific stocks and commodity favoritism. He discusses challenges in the IT and defense sectors, PSU companies, and future businesses like Zomato and Paytm. Andrade says: "I am a firm believer that any company out there who gets pricing power will get price earning multiples. "
Rituparna Chakraborty discusses the evolving job market influenced by AI and automation, emphasizing the need for updated skill sets to align with technological advancements. The narrative explores the changing dynamics of the IT sector and the importance of embracing new skill requirements. The TeamLease co-founder says that this trend where IT services companies are either not hiring or are reducing headcount is a fact of life now and is likely to continue for a few quarters or into the future.
Vishal Malkan recommends Canara Bank and Cummins India in the banking sector. In the metals sector, Jindal Steel and Nalco are favored picks. For potential gains, within the telecom sector, he will prefer Indus Tower to Bharti Airtel, Voda Idea or Jio. He is also advising a cautious approach to small and midcap indices.
Gurmeet Chadha discusses varying valuations, smallcap index trends, Blinkit's potential, HDFC Bank's performance, and potential earning surprises in textiles, defense, space sectors, and chemicals amid the earnings season. Chadha says selectively tracking textiles players like Gokaldas who have done acquisitions and added capacities. He is also looking at some defence and space names like Zen Technologies.
Ajit Dayal of Quantum Advisors cautions about the dangers of high allocations in smallcap funds due to liquidity concerns and stresses the importance of governance in investments to ensure profitability and mitigate risks in the Indian market. Dayal also says: "European capital for India is also important and European capital is increasingly trying to find alternatives to be in other nations besides China."