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Reliance | India Hotels: Pankaj Murarka on where to add fresh positions in a post-Covid world


Pankaj Murarka, Founder,
Renaissance Investment Managers. Murarka is likely to add positions in capital goods and engineering as well as renewable energy stocks.
What are you making of the market temperament? At the index level, could we be in for some consolidation while the sectoral rotation continues?
We are in a classical bull market where after every move, the market spends a few months or weeks in sideways consolidation and within that, we have a very nice sector rotation and the good thing about the Indian market or Indian economy is that we have a very broad-based economy. There are very few markets where all the 15 sectors represent the market. As a result, sectoral rotation just plays out very beautifully amongst different sectors. If markets consolidate around these levels after the ferocious move seen over the last one year, it will be very healthy for the future course of this bull market. ....

Pankaj Murarka , Indian Hotels , Renaissance Investment , பங்கஜ் முரர்கா , இந்தியன் ஹோட்டல் , மறுமலர்ச்சி முதலீடு ,

Stocks to buy: IT & pharma are good but better to go with consumer discretionaries: Pankaj Murarka


How have you looked at the overall earnings trajectory so far?
The numbers so far have been pretty decent. There have been some minor dips here and there, but broadly they have been pretty healthy and very much in line with expectations. There have been some positive surprises as well.
ICICI Bank surprised big times over the weekend in terms of the numbers they reported. The incremental NPAs are much lower and the provisioning was also much lower and they have given a very healthy outlook going forward to the next year. Likewise, we have seen a pretty healthy set of numbers from IT companies and more importantly the guidance for next year. ....

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L&T | bull market: 2 triggers that can take this bull market higher: Pankaj Murarka

L&T | bull market: 2 triggers that can take this bull market higher: Pankaj Murarka
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Pankaj Murarka , Renaissance Investment , பங்கஜ் முரர்கா , மறுமலர்ச்சி முதலீடு ,