MAYURESH JOSHI
RBI surprise to boost earnings, support India’s market outperformance: Mayuresh Joshi
The market reacted positively to the rate cut. Reserve Bank of India changed policy stance to neutral. This move ensures financial system transmission. Corporate earnings may grow 12.5% to 14.5%. Input cost inflation is expected to go lower. Tax cuts will increase discretionary spending. Rural consumption may strongly comeback. Banks and NBFCs will benefit.
Zomato poised for smart rebound post capex cycle: Mayuresh Joshi
Quick commerce companies are investing heavily in dark stores, impacting earnings and cash flow. Competition is intensifying with JioMart and others entering the space. The EV sector faces headwinds due to China's control of rare earth materials and slowing global demand, potentially affecting Indian EV production despite government incentives.
HFCs to benefit from revival in BFSI sector: Mayuresh Joshi
Early monsoons are boosting market sentiment, potentially cooling food inflation and paving the way for future rate cuts. This positive outlook favors the BFSI sector and related industries. Marketsmith India is optimistic about alco-beverages and agrochemical/fertilizer sectors, anticipating strong earnings growth. Select FMCG and retail players catering to rural markets are also poised for significant improvement.
India Inc earnings show early signs of recovery; Q2 may see boost, Mayuresh Joshi, Head Equity, Marketsmith India
Q4 earnings across sectors show mixed trends, with BFSI, agrochemicals, and alco-beverages performing well. FMCG and IT remain soft, but a broader recovery is expected from Q2 onward.
Power demand surge to keep NTPC, Coal India, PowerGrid in limelight: Mayuresh Joshi
From the private perspective obviously players like a Tata Power, Adani Power should remain in focus. But again, power EPC players might also remain in focus to a large extent.
India may become best-performing market in 2nd half of FY25: Mayuresh Joshi
Amidst a mixed earnings season, the IT sector faces headwinds from discretionary spending uncertainty and pricing challenges, potentially delaying recovery. However, domestically focused sectors like agrochemicals, healthcare, and banking show promise. Valuations are currently fair, with expectations of a stronger second half in FY25 driven by consumption and government spending.
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If Trump rhetoric continues, expect more market volatility; pharma may see a bounce back: Mayuresh Joshi
Mayuresh Joshi of Marketsmith India explains the uncertainties around Trump's tariffs, potential sectoral impacts, and the volatility they may bring to equity markets. He suggests that while industries like autos may continue to face challenges, Indian pharmaceuticals might experience some relief. Positive domestic consumption and government investments are expected to drive growth despite global pressures.
Mayuresh Joshi, on 4 private and PSU banks to bet on; 3 auto stocks to go for in season of Trump tariffs
Mayuresh Joshi, Head Equity at Marketsmith India, highlights strong prospects for Kotak and ICICI Bank in the private sector, and SBI and Bank of Baroda in the public sector. Auto sector standouts include TVS Motors and Maruti, with Swaraj Engines recommended for retention. Intense competition may affect wire stocks, and consumer durables are preferred over EMS stocks.
Mayuresh Joshi’s top two stocks for 3x-4x growth in five years
So, to a certain extent the market is trying to pencil in that earnings should start reviving at some point of time as we head into the first half, both as a combination of better monsoons, aiding global recovery, and consumptions improving because of the tax cuts that we have probably seen.
Retail, O2C scored, longer term, it is green for Reliance: Mayuresh Joshi
Reliance Industries' oil and gas exploration segment has shown a significant jump in performance, with a 22% increase on a sequential basis and a 50% increase on a YoY basis. The current EBITDA number for the segment stands at close to Rs 5,800 crore. Mayuresh Joshi, Head-Equity Research-India at William O'Neil, expects the numbers to remain stable and increase at a reasonable pace.
ETMarkets Smart Talk: Planning to invest in Rs 10 lakh? Invest 50-60% in equities; 15-20% in debt: Mayuresh Joshi
Mayuresh Joshi recommends allocating 50-60% in equities, 15-20% in debt instruments, and dividing the remaining equally between gold and cash, considering one's liquidity requirements. Joshi further says: "We might see increased allocation towards infrastructure which will have a multiplier effect on the economy. Railway and Defense sectors are expected to be under the limelight in the upcoming interim budget."
Power Transmission looks like an interesting sector now: Mayuresh Joshi, Angel Broking
Mayuresh Joshi, Fund Manager, Angel Broking believes stocks within the infrastructure space - specifically power and gas transmission offer promise to investors in the current market.
In case of Brexit, market downfall can be catastrophic across asset classes: Mayuresh Joshi, Angel Broking
In case of Britain staying within the EU, the upside to the market might not be that evident.
Prefer SBI over a two year time horizon: Mayuresh Joshi, Angel Broking
In a chat with ET Now, Mayuresh Joshi, Fund Manager, Angel Broking, explains why SBI is his preferred choice.
Still prefer Blue Star on the back of strong earnings: Mayuresh Joshi, Angel Broking
'However, if you combine the industry outlook, our stake is still that Blue Star is something that we continue to prefer.'
Markets circumspect over monsoon worries and Sept Fed policy: Mayuresh Joshi, Angel Broking
"Nifty will trade in range of 8100 to 8600 but stock specific action will rule the roost rather than the index movement itself."
Prefer Tree House from education pack: Mayuresh Joshi, Angel Broking
The top line growth should be anywhere in excess of 22 to 23% over the next couple of years, so the stock is quite reasonably placed.
Expect lighting industry to grow at 22%: Mayuresh Joshi
LED is expected to grow at a much faster take a market share of around 58%. In that sense itself we are expecting the top line to grow around 6.5%.
Expect Nifty to stay in a broader range of 8,400-9,000 in near term: Mayuresh Joshi, Angel Broking
"A few pockets — and within those pockets a few stocks — might do well. It's really very difficult to ascertain whether based on a few stocks' earnings the Nifty’s uptrend will continue to not."
NTPC is a good bet in the power sector: Mayuresh Joshi
'Going forward, FY16 should pose good numbers for NTPC and probably, the earnings estimate should improve.'
Recommend long-term investors to buy Infosys on declines: Mayuresh Joshi
The operational parameters were exceeding most analysts expectations including ours. So the PAT number was beyond our expectations.
Page Industries Ltd valuation is a bit expensive: Mayuresh Joshi
'We do cover Page Industries Ltd but again the valuations are a little bit too expensive at the current juncture.'
Optimistic on IT sector: Mayuresh Joshi
Q4 when the discretionary budgeting decisions start firming up and clearly both these quarters traditionally weak quarters for the entire sector.
HUL stock is fairly priced at current juncture: Mayuresh Joshi
The numbers are more or less in line with what we were expecting. What I would ideally look out for is the volume growth commentary.
Markets to remain range-bound, be stock-specific: Mayuresh Joshi
'I have a stock-specific light approach rather than being very aggressive at the current juncture,' says Mayuresh Joshi.
Buy MM Forging and LG Balakrishna: Mayuresh Joshi
We are liking from this space again has run up. We have recommended quite a few stocks in this space MM Forging, LG Balakrishna.
Recommend Motherson Sumi, Bharat Forge in auto ancillary space: Mayuresh Joshi
"Specifically companies like Motherson Sumi where utilisation levels are improving, new plants being put in that will drive the margins."
See plenty of opportunities in market from short to medium-term view: Mayuresh Joshi, Angel Broking
'Upsides beyond 6000 are looking a little bit bleak at this point of time, considering the situation we are in both on a macro scale domestically and globally,' says Mayuresh Joshi, VP-Institution, Angel Broking
Private banks better bet in banking space: Mayuresh Joshi, Angel Broking
"Private banks are looking like a better spot to play within banking, which is more or less to do with the CASA, credit quality and credit growth."
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