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Sudip Bandyopadhyay discusses the underinvestment in metals, the increasing demand due to infrastructure projects, the impact of China and global factors, and the potential for Vedanta stocks with a target price of Rs 500+. In the short-term, he is looking forward to a 10% upside from here on as well.
Sudip Bandyopadhyay anticipates strong performance in infra, defence, BFSI, real estate. Mixed outlook for IT, FMCG; subdued for cement. Concerns over crude at $91 impact Indian markets. Banks focus on deposit mobilisation, stable asset quality. Long-term bullish on insurance sector. He further says crude oil at $91 does not mean good for the Indian equity market and the Indian economy.
Sudip Bandyopadhyay advises caution post corrections, recommends cherry picking for long-term growth. Highlights L&T as a strong investment option for India and Saudi growth stories, especially in the hydrocarbon sector. Bandopadhyay says: "We were pretty confident that we are in a structural bull phase and we will keep inching upwards. Medium and long-term trajectory has not changed at all."
According to Sudip Bandyopadhyay, Group Chairman, Inditrade Capital: "There is speculation about Tata Sons getting listed, benefiting Tata Chemicals. Tata Power, Tata Steel, Indian Hotels, and Tata Motors are benefiting from the halo effect. Tata Steel is the best buy. Manappuram is an interesting buy. Nykaa, PB Fintech, and Delhivery have good potential."
I believe that while that is continuing for some more time, at some point of time in the near future, the mid-market as well as the affordable segment also will start picking up.