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“I expect midcap indices to be more volatile both on the upside as well as downside. Among large caps, some of the new companies will probably take over from some of the older names in the Nifty in the next one year.” ....
This is the expiry week and the Bank Nifty seems to be all over the place. But just looking at the earnings, what do they indicate as far as charts go? Kotak announced better results than I expected. HDFC showed some signs of credit damage in the economy. ICICI on the other hand has very stable asset quality. Most of the damage which is happening in accounts right now is going to be visible only in the September quarter because we are seeing even Kotak’s commentary that collections in April and May have been substantially lower. They have not used any of the Covid broad provisions they have had because those accounts probably did not turn into NPA in June end. It takes three months for an account to turn into an NPA. So probably, July and August month is when you are going to see actual NPAs, So, the provisions will get used next quarter. ....
Zomato, a disruptive opportunity, not one to give steady quarterly profits: Deepak Shenoy SECTIONS Last Updated: Jul 14, 2021, 09:03 AM IST Share Synopsis “I would want to have a little allocation, maybe start really small and then scale up as returns and results start to show potential. I do not think this is going to be a huge listing gain.” ETMarkets.com What can one expect from IT companies in Q1 given TCS’ muted performance as compared to what the operational numbers market was pencilling in? A couple of things are coming up. Their margins have upped beyond 28% in the last few quarters on the back of a few things. Firstly, they did not give any salary hikes last year. They also saved on travel costs and visa costs and there was relatively low hiring. Now that has changed and so we are seeing a pretty big increase in both lateral and fresher hiring. Salary hikes will probably come in effect from September quarter onwards and we are also se ....