Mindtree CEO Debashis Chatterjee on Thursday said that the company is confident of delivering the EBITDA margin that it has promised for the financial year 2022.

“As far as EBITDA is concerned, there are enough controls, checks and balances that we have been putting in the system, which make us believe that it will be up. But at an overall fiscal level, we should be able to deliver the EBITDA as promised,” he said in an interview with CNBC-TV18.

Mindtree on Wednesday reported better-than-expected revenues and margins for the second quarter. The midcap IT firm reported a net profit of Rs 399 crore for the quarter ended September 30, up 16.2 percent QoQ. The revenue in dollar terms grew 12.8 percent sequentially to $350.1 million for Q2FY22 and 13.4 percent in constant currency terms.

The management also guided for industry-leading revenue growth in FY22.

"We want to continue on our journey of profitable growth and a double-digit growth this fiscal," Chatterjee said.

Throwing more light on the deal wins, he said the book is up almost 19 percent year on year. “We have an order book for $360 million. So from that perspective, we are very confident that the pipeline will convert into an order book as we go along... If you look at the strategy that we have adopted, we are focusing on a selected set of clients, doing a lot of upselling and cross-selling and that strategy is working out very well,” he stated.

Also Read: <a href="https://www.cnbctv18.com/earnings/q2-earnings-mindtree-posts-rs-399-crore-net-profit-11092522.htm" target="_blank" rel="noopener noreferrer">Mindtree Q2 Earnings: Net profit up 16.2% QoQ at Rs 399 crore</a>

“If you look at the top-line growth, it has been 12.8 percent year over year. So top-line clients continue to grow. But our focus is mining the next set of clients and I am really happy with the growth that we have which is almost a 19 percent quarter on quarter,” said Chatterjee.

Talking about attrition, he said it is an industry phenomenon and that the company is taking enough initiatives within the organisation from a talent engagement standpoint. “The kind of transformation work that we are doing would help people to be excited to be part of Mindtree. So there are a lot of other aspects of controlling attrition and managing talent engagement. We are doing innovative things in that area,” he said.

Also Read: <a href="https://www.cnbctv18.com/market/it-upcycle-has-just-begun-mindtree-lt-infotech-to-do-much-better-says-edelweiss-securities-sandip-agarwal-11102492.htm" target="_blank" rel="noopener noreferrer">IT upcycle has just begun; Mindtree, L&amp;T Infotech to do much better, says Edelweiss Securities' Sandip Agarwal</a>

Watch the accompanying video for the full interview

Will deliver FY22 EBITDA margin as promised; eyeing robust deal pipeline: Mindtree

<a href="https://www.cnbctv18.com/earnings/wipro-q2-results-profit-rises-19-yoy-to-rs-2930-crore-11092292.htm">Wipro has reported earnings performance for Q2FY22</a> with in-line revenue and a beat on margin. Thierry Delaporte, MD and CEO, Jatin Dalal, CFO and Saurabh Govil, Chief HR Officer at Wipro discussed the numbers.

“We had a very strong Q2 and the guidance of 2-4 percent for Q3 is a good prolongation of this performance. So we continue to drive solid growth, which means that for Wipro, we will be over 25 percent year on year (YoY) for the entire fiscal year. It’s quite a remarkable performance for the organization,” said Delaporte.

Also Read: <a href="https://www.cnbctv18.com/market/it-upcycle-has-just-begun-mindtree-lt-infotech-to-do-much-better-says-edelweiss-securities-sandip-agarwal-11102492.htm">IT upcycle has just begun; Mindtree, L&amp;T Infotech to do much better, says Edelweiss Securities' Sandip Agarwal</a>

“I don't think it is reasonable to assume that we can necessarily sustain growth at the level we delivered in Q2, but there is very high demand for sure. And it's very solid across the sector, across geographies and so, we are comfortable with the trend we have right now,” he added.

In terms of attrition, Govil said, “We had called out last quarter that attrition will go up. The demand and the skill gap are big. So, that is a challenge for the industry and for us.”

“We have ensured that supply-side constraints will not impact our demand. We are very clearly driving this agenda of growth. And if you look at the last two quarters, we have been able to add more than 10,000 people every quarter. We spoke about adding 6,000 freshers in Q2, we have been able to add 8,000 fissures in this quarter, which is the highest ever for Wipro. So if I look at the supply side, we will maintain the demand momentum,” he further mentioned.

Also Read: <a href="https://www.cnbctv18.com/information-technology/it-sector-q2fy22-preview-sector-poised-for-strong-q2-earnings-prefer-hcl-tech-over-infosys-says-edelweiss-11013632.htm">IT sector Q2FY22 preview: Sector poised for strong Q2 earnings; Prefer HCL Tech over Infosys, says Edelweiss</a>

This is an area which the company needs to keep a close watch on as we don’t see it coming down in the next couple of quarters, Govil noted.

“It will not impact our growth story,” he stated.

“We are looking at onboarding around 2 times of what we have done in FY21, around 16,000-17,000 freshers in FY22. We are looking at upwards of 25,000 people onboarded in FY23, so that's the plan for freshers - significant and increased for us,” he said.

When asked about how the company managed to report flat adjusted costs sequentially despite wage cost pressure, Dalal said, “We had pressure in the Q2 because we need to invest in the talent. This is a time where talent is your differentiator. But we have been able to execute very well. We have got a reasonable uptake in our realizations. We have done very well on utilization. We have continued to improve our offshore mix, if you see it was 54 percent, it is 55.6 percent, it is a good solid moment. So operationally, we have been able to mitigate some of the investments in the talent that we had to do to remain competitive and continue to grow at the pace at which we are growing. So I would say excellent in quarter execution on operational parameters.”

Also Read: <a href="https://www.cnbctv18.com/market/stocks/wipro-shares-rise-5-on-companys-upbeat-growth-outlook-for-fy22-11102282.htm">Wipro shares rise 5% on company's upbeat growth outlook for FY22</a>

“On margins, I would stay with the commentary, which we made last year, which is that the sustainable margin for us is between 17 percent and 17.5 percent, and that is the medium-term range that we have continued to guide. There will be some sort of investments, some sort of upsides that will flow through every quarter in the margin line but that's the medium-term range that we are looking at,” he added.

For more, watch the accompanying video.

Catch all live stock market action <a href="https://www.cnbctv18.com/market/stocks/stock-market-live-updates-bse-sensex-india-live-nse-nifty50-infosys-wipro-mindtree-hcl-tech-zeel-gas-stocks-11101142.htm">here</a>.

Q3 guidance amounts to 25% YoY revenue growth; FY22 fresher hiring will be 2x of FY21: Wipro

Tata Group has been in the thick of news in recent times. Right from bringing the Maharaja (Air India) back home to the EV deal with TPG. Subsequently. Tata Motors and Tata Power are firing away on Dalal Street and on Wednesday, the stocks saw a huge move. Almost all the listed Tata entities were up, and all together, they added Rs 70,000 crore in market capitalization in just a day.

Bhaskar Bhat, Director, Tata Sons discussed all that's ticking at Tata Sons in an interview with CNBC-TV18.

“All the Tata Group companies have performed extremely well and it is not just on the stock market but it is also an actual performance of generating cash,” he said.

Also Read: <a href="https://www.cnbctv18.com/auto/tata-motors-tpg-deal-validates-ev-opportunity-in-india-launch-pipeline-impressive-experts-11089682.htm">Tata Motors-TPG deal validates EV opportunity in India; launch pipeline impressive: Experts</a>

The group's renewable energy push has been a prime driving force and experts believe that a long-term outlook by the group has pleased Dalal Street.

“It is not just Tata Consultancy Services (TCS), Tata Power is into renewables. Tata Motors is the market leader in electric vehicles (EVs). So it is not just a story on valuations and the market giving us credit, it is also a real improvement. You have seen the Titan story as well. The companies are getting into new-age businesses,” he said.

When asked for the game plan for the aviation sector, the Tat Sons' director said that he wouldn’t want to talk long-term game plan but explained the rationale from the company's perspective.

"We did have a position and a presence in the market (aviation). With that kind of market share which is 10-13 percent, you are no market leader and it doesn't make sense. So, to get to a reasonable market share, which is 25 percent, and Air India is a national asset and as a group, we are proud as the chairman stated that the government has vested this responsibility with us of running the national carrier, the carrier which carries the name India," he said.

He agreed that the sector faces many challenges currently but was optimistic of better times ahead.

"So, the profitability and so on - yes, the industry has been riddled with many, many closures and withdrawals but the Ministry of Civil Aviation, the minister himself is looking at many things that can be corrected. The leadership in the aviation space is ensured by getting the Air India,” said Bhatt.

Also Read: <a href="https://www.cnbctv18.com/auto/tpg-group-to-invest-rs-7500-crore-in-tata-motors-new-electric-vehicle-subsidiary-11080512.htm">TPG Group to invest Rs 7,500 crore in Tata Motors' new electric vehicle subsidiary at $9.1-bilion valuation</a>

In terms of combining three aviation entities, he said, “Multiple entities in any business with multiple backends and multiple service providers don't make sense. As we go forward we will figure out how to get into the leadership position. As I said, it is a work in process, the thinking is how to ensure that the 25 percent market share keeps growing.”

Also Read: <a href="https://www.cnbctv18.com/startup/cardekho-turns-unicorn-with-250-million-fundraise-11092422.htm">CarDekho turns unicorn with $250 million fundraise</a>

Consumer digital business is being done not for the sake of value, this is being done, because that's the right thing to do, he noted.

“Digital makes life easier for everyone, there is accuracy, there is timing, there is lower cost, and so on, you have to also train people within the system to adopt and adapt to digital. So that's a very big plan underway and there's a team in Tata Sons that is enabling and helping companies to become digital,” he said.

“So multiple initiatives are in place for transforming the group, both from an online commerce perspective as well as digitalising,” he added.

Also Read: <a href="https://www.cnbctv18.com/auto/tata-motors-ev-orderbook-at-3000-3500-per-month-fundraise-via-tpg-deal-sufficient-says-management-11091252.htm">Tata Motors' EV orderbook at 3,000-3,500 per month; fundraise via TPG deal sufficient, says management</a>

When asked what the next growth triggers could be for Titan, he said, “Fundamentally Titan is in multiple businesses. So to an extent, it is de-risked - the jewellery business is the largest growing now, essentially two-three things that are going in favour -One is we are still in Titan, a low market share player in the jewellery business. It's not that there is anybody bigger than us, but it is such a fragmented market that the headroom is still very high."

For the entire conversation, watch the accompanying video.

Catch all live stock market action <a href="https://www.cnbctv18.com/market/stocks/stock-market-live-updates-sensex-nifty50-to-open-higher-amid-largely-positive-cues-infosys-wipro-mindtree-report-strong-quarterly-numbers-hcl-tech-in-focus-11101142.htm">here</a>.

Tata Group betting on new age businesses; looking to consolidate aviation verticals: Bhaskar Bhat

Tata Motors has announced that the US-based private equity major <a href="https://www.cnbctv18.com/auto/tpg-group-to-invest-rs-7500-crore-in-tata-motors-new-electric-vehicle-subsidiary-11080512.htm">TPG Capital will invest Rs 7,500 crore</a> in the company's new electric vehicle (EV) subsidiary. The board of directors of TML at its meeting on October 12 gave the approval to incorporate a wholly-owned subsidiary to undertake the automaker's passenger electric mobility business.

TPG Capital's new climate-focused financial fund, TPG Rise Climate, along with co-investors shall invest Rs 7,500 crore in compulsory convertible instruments to secure between 11 percent and 15 percent stake in this company translating to an equity valuation of up to USD 9.1 billion.

Also Read: <a href="https://www.cnbctv18.com/auto/tata-motors-tpg-deal-validates-ev-opportunity-in-india-launch-pipeline-impressive-experts-11089682.htm">Tata Motors-TPG deal validates EV opportunity in India; launch pipeline impressive: Experts</a>

PB Balaji, CFO and Shailesh Chandra, President of PV Business at Tata Motors along with Ankur Thadani, Business Unit Partner of TPG Rise discussed what this investment means for the EV ecosystem as a whole and whether they plan to, at any point in time, list the newly formed subsidiary.

“Currently the business is now tracking at about 1,000 vehicles a month and anywhere between Rs 500 crore and Rs 600 crore is the kind of rate that we are currently running at. More importantly, we start to look at the order book that we are building - starting to move close to about 3,000-3,500 orders a month, so if supplies are able to keep up, we do not see any reason why we will not be able to meet this order situation,” said Balaji.

Also Read: <a href="https://www.cnbctv18.com/auto/tata-motors-stock-rallies-46-in-past-5-days-scrip-hits-fresh-52-week-high-11088582.htm">Tata Motors hits fresh 52-week high, jumps 10%; stock rallies 46% in past 5 days</a>

The company says that it is starting to see the expansion coming through in the charging infrastructure as well as new products.

"We see this potential for growth to be quite significant in this particular business as we go forward and that is the reason we believe that this is the right time to start investing in this and step up the gaps as far as this particular business is concerned,” he said.

TPG looks at the investment as a long-term one and is focused on electrification and decarbonisation of transport.

"Tata Group has the vision, has the commitment, has sponsorship towards sustainability, what Tata Motors, led by Shailesh Chandra, PB Balaji and the team, has achieved in terms of market leadership today - we are really looking at this as a long-term investment bet that we are making with the group and with the company to achieve this global imperative solution, which is to electrify our transportation,” said Thadani.

Also Read: <a href="https://www.cnbctv18.com/auto/mm-clocks-50000-xuv700-bookings-in-3-hours-deliveries-to-begin-by-october-end-11078222.htm">M&amp;M clocks 50,000 XUV700 bookings in 3 hours; deliveries to begin by October end</a>

“We want to be a force multiplier for businesses like these and generate not just very good financial returns but also very good social and economic returns for the society,” he added.

Tata Motors has a comprehensive plan regarding its eclectic foray and it will evolve in phases - generation one to generation three. Generation three products will start moving towards EVs which will be optimized, made more efficient cost and performance-wise, according to the management.

"This will be leveraging completely in terms of the new technologies which are going to be the future in the EV space and this is how we are going to work towards these ten products that we have spoken about in the next five years plan,” Chandra explained.

According to Chandra, the Indian market has a big opportunity right now in the next decade through internal combustion engine (ICE) as well as in the EV space for passenger vehicles.

Also Read: <a href="https://www.cnbctv18.com/market/tata-motors-rally-domestic-biz-promising-ev-strategy-ahead-of-competitors-says-kotak-institutional-equities-11064252.htm">Tata Motors’ rally: Domestic biz promising, EV strategy ahead of competitors, says Kotak Institutional Equities</a>

“We can expect two times growth in the next 10 years as far as the PV industry in India is concerned. One and a half times would come from ICE, which means till 50 percent growth that we can expect in the ICE – so it is a growing market on the ICE side – and the EV will start penetrating to the extent of 30 percent, so 0.5 times would come from the EVs. So there is an opportunity to grow in both the segments,” he said.

In terms of listing plans, Balaji said, “At this point in time there are no plans for listing any entity. Our job is to win with the customers first and there are very clear strategies laid out for each of the businesses, CV will have to win decisively, PV will have to win sustainably and EV will have to win proactively. Value discovery, value unlocks are separate conversations and it will happen when the board in its wisdom decides when it wants to do that.”

For the entire discussion, watch the accompanying video.

Catch all live stock market action <a href="https://www.cnbctv18.com/market/stocks/stock-market-live-updates-sensex-nifty-likely-to-open-higher-amid-mixed-global-cues-infosys-wipro-mindtree-zeel-invesco-tata-motors-reliance-evergrande-power-crisis-11087672.htm">here</a>.

Tata Motors' EV orderbook at 3,000-3,500 per month; fundraise via TPG deal sufficient, says management

Crude prices have been spiking with benchmark Brent futures near the $83 per barrel level. With a big surge in demand for real estate, the market is expecting a big upturn in demand for paint companies during the festive season. Berger Paints CEO and Managing Director Abhijit Roy speaks at length on what all this means for the industry.

“There has been a substantial improvement in demand and the demand is buoyant. Over 2019 and 2020 – since Q2 was muted – the growth will be reasonably good,” he said in an interview to CNBC-TV18.

Also Read: <a href="https://www.cnbctv18.com/retail/vijay-sales-expects-10-15-growth-uptick-in-festive-season-electronic-sales-beating-expectations-11065342.htm">Vijay Sales expects 10-15% growth uptick in festive season; electronic sales beating expectations</a>

The company saw robust growth in the third quarter of FY21. “We had grown in excess of 20 percent in Q3FY21 and we had budgeted a lower growth rate this year. But as things stand, it looks like that this month at least, we will have reasonably good growth,” Roy said.

Also Read: <a href="https://www.cnbctv18.com/retail/godrej-consumer-products-expects-double-digit-growth-in-h2fy22-sees-offtake-in-staples-discretionary-11012542.htm">Godrej Consumer Products expects double-digit growth in H2FY22; sees offtake in staples, discretionary</a>

The company has taken up a series of price increases to pass on its rising cost to the consumer. “We are reasonably comfortable as far as profitability is concerned in Q3FY22. We should be okay,” he said.

For the full interview, watch the accompanying video.

Catch all live stock market action <a href="https://www.cnbctv18.com/market/stocks/stock-market-live-updates-sensex-nifty-likely-to-open-higher-amid-mixed-global-cues-infosys-wipro-mindtree-zeel-invesco-tata-motors-reliance-evergrande-power-crisis-11087672.htm">here</a>.

See substantial increase in demand, expect good growth in Q3: Berger Paints

The bond markets are taking a breather now: US bond yields have cooled from 1.61 percent to 1.58 percent. The dollar index has cooled off from 94.5 to closer to 94. Indian markets have seen similar trends as the rupee cooled to 75.25 from 75.5 on Tuesday. Indian bond yields – which were at 6.34 have cooled to 6.31.

The prime reason being healthy macroeconomic numbers like inflation numbers that were released Tuesday. In September, inflation stood at 4.35 percent compared to market expectations of 4.5 percent.

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Also Read: <a href="https://www.cnbctv18.com/economy/retail-inflation-eases-to-435-in-september-experts-discuss-11081742.htm">Retail inflation eases to 4.35% in September; experts discuss</a>

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Upasna Bhardwaj, Senior Economist at Kotak Mahindra Bank and Bhaskar Panda, the Executive Vice President and Head Overseas Treasury in HDFC Bank shared their perspectives.

“Despite energy prices catching up, the next consumer price index (CPI) reading as of now is appearing to be lower than 4 percent. We have a number closer to 3.75 percent or so,” said Bhardwaj. However, how the food prices pan out for the rest of the month remains to be seen.

“There have been some untimely rains and crop disruption. We have seen some impact of that in some parts but not much on the food side. Food prices in the near-term do not post risk,” she said. She expects to see degrowth on the food inflation side in the next two months.

According to Bhardwaj, the bigger worry is on the core inflation side as it continues to remain sticky. “Hence when I look at the dynamics, all the increasing uncertainty with regards to global or domestic factors, we do expect the pass-through to happen over subsequent months,” she stated.

Consequently, Kotak Mahindra Bank has revised next year's average inflation by 20 basis points (bps) to 5.1 percent, against 4.9 percent estimated earlier, she said.

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Also Read: <a href="https://www.cnbctv18.com/economy/current-revenue-is-considerably-higher-than-budget-says-finance-secretary-tv-somanathan-11088172.htm">Current revenue is considerably higher than budget, says finance secretary TV Somanathan</a>

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The International Monetary Fund (<a href="https://www.cnbctv18.com/tags/imf.htm">IMF</a>) retained India’s growth outlook for both the current and the next fiscal. It pegs <a href="https://www.cnbctv18.com/economy/imf-lowers-global-growth-forecast-to-59-for-2021-sees-india-growing-by-95-this-fiscal-11081322.htm">India’s real gross domestic product (GDP) growth at 9.5 percent for FY22</a>, at 8.5 percent for FY23 and at 6.1 percent by FY27.

Kotak Mahindra Bank, on the other hand, estimates India's GDP growth rate at 9 percent. “We are at 9 percent, so we are already lower than<a href="https://www.cnbctv18.com/economy/rbi-keeps-gdp-growth-forecast-for-fy22-unchanged-at-95-10274371.htm"> Reserve Bank of India’s (RBI) estimates</a> or IMF’s estimates," Bhardwaj said.

About a month ago, Kotak Mahindra Bank was on the verge of upwardly revising our estimates as activity indicators suggested a reasonably decent upmove. "But now with increasing risks, we are back at 9 percent. So the risks are on the downside to 9.5 percent,” she said.

For the entire discussion between Bhardwaj and Panda with CNBC-TV18, watch the accompanying video.

Catch all stock market action LIVE <a href="https://www.cnbctv18.com/market/stocks/stock-market-live-updates-sensex-nifty-likely-to-open-higher-amid-mixed-global-cues-infosys-wipro-mindtree-zeel-invesco-tata-motors-reliance-evergrande-power-crisis-11087672.htm">here</a>.

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Also Read: <a href="https://www.cnbctv18.com/economy/rbi-on-wait-and-maintain-mode-giving-growth-a-chance-since-inflation-in-check-sbi-11040892.htm">RBI on ‘wait and maintain’ mode; giving growth a chance since inflation in check: SBI</a>

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Kotak Mahindra Bank sees FY22 GDP growth rate at 9%

Centrum Broking on Tuesday said it expects strong Q2FY22 for the entire oil and gas sector and sees more upside in Oil India Ltd.

In an interview with CNBC-TV18, Probal Sen, senior vice president at Centrum Broking said, "If you look at the oil and gas sector prospects, this quarter it is going to be fairly strong. One would expect almost 50 percent YoY increment in EBITDA and between 45 percent and 50 percent increment in net profits for the quarter."

"For FY23, depending on the domestic gas prices and the kind of momentum that we are seeing in crude prices, all of that adds up to a possibility that standalone earnings can probably continue to see a little bit of an upgrade beyond the current levels that the street is holding," he said.

Also Read: <a href="https://www.cnbctv18.com/market/commodities/brent-crude-likely-to-test-2018-highs-at-87-per-barrel-probis-securities-11066212.htm">Brent crude likely to test 2018 highs at $87 per barrel: Probis Securities</a>

"That is irrespective of whatever production growth or decline – most of us are now building in a flat to a low single-digit decline in the near-term till the KG basin asset starts to ramp up and produce the kind of targeted gas and some of the oil production," Sen said.

"Between the stocks, Oil India has perhaps reflected some of the increase and some of the bullishness in the pricing and ONGC is still a little bit of a laggard. So I would say that there is probably more upside there between the two names," he added.

For more, watch the accompanying video.

Expect strong Q2FY22 for oil and gas sector; see more upside in Oil India: Centrum Broking

As India comes face to face with a big coal shortage with stocks at critical levels, Sanjay Malhotra, chairman and managing director at REC, discussed what this means for the companies that are engaged in the financing of power projects across India.

“I would say this is a very temporary phenomenon and we should not really be unduly concerned about this,” he said.

Also Read: <a href="https://www.cnbctv18.com/energy/power-supply-situation-not-very-critical-certain-pockets-a-worry-power-secretary-11064762.htm">Power supply situation 'not very critical'; certain pockets a worry: Power secretary</a>

“This is a pointer for us that we need to be vigilant. This has been caused by the global shortages in coal, gas and also of course, domestically by wind which normally does support the demand, this time it was a little low and similarly, hydro. So, as far as capex is concerned for the sector, we are very sanguine about the growth prospects,” he mentioned.

India is still a growing country, still the average per capita consumption of electricity is only 1200 units per year, which is one-third the global average and with a growing emphasis on green energy, energy transition and electric vehicles (EVs) because of climate change concerns, there is going to be good capex in the years to come, he noted.

Also Read: <a href="https://www.cnbctv18.com/energy/sufficient-coal-stock-fear-of-disruption-in-power-supply-entirely-misplaced-says-centre-11058362.htm">Coal stock sufficient, fear of disruption in power supply 'entirely misplaced': Centre</a>

In terms of liquidity issues, he said, “The liquidity infusion scheme was the need of the hour. It was a very different scheme, the purpose was very different. The purpose was basically to infuse liquidity into the power sector after COVID and because of lockdowns, when payments came to a trickle from the consumers and energy consumption went down, whereas the fixed costs remained the same. So at that time, it was very important to keep the power generating stations running, to keep the electrons flowing in the network and the homes lit up. So that's why this liquidity was introduced. I am happy to inform you that by September 30, both PFC and REC together, we are able to infuse more than Rs 100,000 crore into the power sector and this is against the target of Rs 90,000 crore. So, we have achieved more than the target as liquidity infusion scheme is concerned. Coming now to the new scheme, which is the reform-based distribution sector scheme (RDSS), the purpose of this scheme is very different. And while liquidity infusion scheme was a one-time solution to the immediate liquidity crisis, this looks at the sector in a much more holistic way,” he explained.

“If you look at the payment history of the distribution companies (DISCOMs) they have not defaulted either to REC or to PFC and there's no stress. Whatever stress we have, whatever non-performing assets (NPAs) we have on our books, they are in the private sector, and liquidity infusion was for the government DISCOMs. So, firstly, going by history, we don't expect there to be any repayment issue. However, we have taken good care and we have ensured that there is a robust payment security mechanism and we have insisted on government guarantees for all these loans. So, we do not foresee any issues of repayment so far as liquidity infusions in loans are concerned,” he stated.

Also Read: <a href="https://www.cnbctv18.com/market/stocks/expect-coal-situation-to-normalise-in-7-10-days-positive-on-ntpc-cesc-power-grid-hdfc-securities-11076232.htm">Expect coal situation to normalise in 7-10 days; positive on NTPC, CESC, Power Grid: HDFC Securities</a>

According to him, REC is amongst the best performing over the last few years as far as the stress or NPAs are concerned.

“At present our NPAs are at a low of 1.8 percent. So, net NPA 1.8 plus 1.6 percent is as per industry standards, it's quite normal. We have over the years reduced it. Going forward as well, we do not expect the stress to increase. We are continuing to get repayments,” he said.

For the full interview, watch the accompanying video.

Catch all live stock market action <a href="https://www.cnbctv18.com/market/stocks/stock-market-live-updates-sensex-nifty-likely-to-open-lower-amid-weak-global-cues-auto-sgx-nifty-down-100-pts-zeel-tcs-infosys-power-stocks-coal-india-airtel-vodafone-idea-evergrande-11074542.htm">here</a>.

REC says coal shortage temporary; does not expect NPAs to increase

The global energy shortage is echoing around the world and India is no exception. Coal stocks at the various power plants in India are at critically low levels. Several states are reporting power outages and are sounding the alarm bells over possibly more possible blackouts. The chief ministers of Delhi and Andhra Pradesh have written to the Prime Minister seeking his intervention. Home Minister Amit Shah held a meeting with Power Minister RK Singh, Coal Minister Pralhad Joshi on Monday along with other senior officials to discuss the current supply situation and <a href="https://www.cnbctv18.com/tags/coal-shortage.htm">coal shortage</a> hassles.

Anil Swarup, former secretary at the Ministry of Coal and Partha Bhattacharya, former Coal India Chairman shared their perspective on how India has reached this situation and how to resolve it.

According to Bhattacharya, non-payment of dues to Coal India and not keeping the stocks had actually taken away the shock absorbers.

Also Read: <a href="https://www.cnbctv18.com/energy/power-shortage-maharashtra-rajasthan-tn-up-need-to-clear-coal-dues-says-power-secretary-alok-kumar-11063942.htm">Power shortage: Maharashtra, Rajasthan, TN, UP need to clear coal dues, says Power Secretary Alok Kumar</a>

“There are a couple of factors here. First factor is the power stations - they all became very casual about it. They never built up the stocks as per norms. According to norms, the power plant should have inventory for about 15-30 days consumption depending upon the distance of the power stations from the coal company. They never did that that is number one. They never paid Coal India. So Coal India has run into huge arrears of receivables, which went up to Rs 23,000 crore. Even today it is Rs 18,000 crore. So, non-payment of dues to Coal India and not keeping the stocks had actually taken away the shock absorbers,” he explained.

The COVID-19 second wave hit Coal India hard in the first quarter with the company losing 250 workers to the pandemic. The extended monsoon did not help too with lots of mines being flooded.

"However, in these six months, rising to the occasion, Coal India produced 5.8 percent more coal than last year. And in terms of offtake, it was more than 20 percent of last year. So they did absolutely the maximum that the company can do under the circumstances,” the former Coal India chief said.

Also Read: <a href="https://www.cnbctv18.com/energy/power-supply-situation-not-very-critical-certain-pockets-a-worry-power-secretary-11064762.htm">Power supply situation 'not very critical'; certain pockets a worry: Power secretary</a>

The problem lies deeper, according to forme coal secretary Anil Swarup. The coal crisis first came up in 2014.

“We have to look at the genesis of the problem. India has always been short of coal. Ironically, we sit on 300 billion tonne of coal but we don't produce as much and it has been there for a while," he said.

"The crisis actually first came up in 2014, as a consequence of the devastation caused by the then Comptroller and Auditor General of India (CAG) when all the private sector mines start mining and almost 90 metric tonne of coal, that was available from that sector, stopped. But we managed to tide over that crisis between 2014 and 2016 through various efforts,” Swarup added.

According to him, India can't do much about the demand side management.

“There is an international problem in terms of prices going up, there's a problem regarding rains, the demand has gone up as economy is picking up, we can't do much about any of these factors, but we can do a lot about supply of coal and that's where the problem is,” he noted.

Also Read: <a href="https://www.cnbctv18.com/market/stocks/expect-coal-situation-to-normalise-in-7-10-days-positive-on-ntpc-cesc-power-grid-hdfc-securities-11076232.htm">Expect coal situation to normalise in 7-10 days; positive on NTPC, CESC, Power Grid: HDFC Securities</a>

The history of coal crisis

In the private sector, production has not really gone up. Swarup says the Coal India chairmanship being vacant for a year in 2016 after Sutirtha Bhattacharya retired is a factor.

"If the production does not increase, you can't help the demand. But if the production had grown at the rate at which it was growing between 2014 and 2016, today, Coal India itself should have been producing more than 700 million tonne,” Swarup weighed in.

Also Read: <a href="https://www.cnbctv18.com/energy/coal-crisis-amid-blackout-concerns-govt-gets-into-action-assures-early-resolution-11057082.htm">Amid blackout concerns, Govt pushes for optimum power generation; coal crisis to improve soon</a>

Bhattacharya agreed with Swarup and added another factor at play.

“I completely agree with what Mr Anil Swarup said, the last three years coal production offtake has been absolutely flat and hovering around 600 million tonne. If you look at March 2021, Coal India ended up with a stock of 100 million tonne. If it produces more that all goes into stocks. Where does it keep it? The power stations had about 29-30 million tonne of stock,” he said.

For the entire discussion, watch the accompanying video.

Catch all live stock market action <a href="https://www.cnbctv18.com/market/stocks/stock-market-live-updates-sensex-nifty-likely-to-open-lower-amid-weak-global-cues-auto-sgx-nifty-down-100-pts-zeel-tcs-infosys-power-stocks-coal-india-airtel-vodafone-idea-evergrande-11074542.htm">here</a>.

Flat production and arrears have hampered Coal India's operations: Former chairman

Not just China, even India is grappling with a big power crisis currently. India’s coal stocks are at critical levels and it has set alarm bells ringing for states over possible blackouts. After Home Minister Amit Shah took stock of the crisis on Monday, the power and coal secretaries will be making a presentation to the Prime Minister’s Office (PMO) regarding coal supplies later today.

Anuj Upadhyay, institutional equities analyst at HDFC Securities, shared his views on what this means for the listed sphere of stocks and how one can look at some of the companies in the power sector.

Also Read: <a href="https://www.cnbctv18.com/energy/power-supply-situation-not-very-critical-certain-pockets-a-worry-power-secretary-11064762.htm">Power supply situation 'not very critical'; certain pockets a worry: Power secretary</a>

The situation has been critical as far as the inventories are concerned but with the intervention of the top-notch ministries, in a week or so the situation should get normalised.

“Definitely, it is a matter of time, over the next seven-eight days, we must see the situation normalising and also with the oncoming winter season, the demand would be a bit subdued,” he said.

Also Read: <a href="https://www.cnbctv18.com/energy/power-shortage-maharashtra-rajasthan-tn-up-need-to-clear-coal-dues-says-power-secretary-alok-kumar-11063942.htm">Power shortage: Maharashtra, Rajasthan, TN, UP need to clear coal dues, says Power Secretary Alok Kumar</a>

“Our top bets currently would be NTPC, CESC and Power Grid. All these companies are on a growth path, they are moving towards green energy transition and generating double-digit ROEs,” he explained.

“On a long-term basis, it is still preferable to hold Coal India at current levels,” he said.

Coal India itself has close to 40 million tonne of inventory lying with them.

Also Read: <a href="https://www.cnbctv18.com/energy/sufficient-coal-stock-fear-of-disruption-in-power-supply-entirely-misplaced-says-centre-11058362.htm">Coal stock sufficient, fear of disruption in power supply 'entirely misplaced': Centre</a>

“I am sure the ministry would ask them to clear off this inventory at a faster pace, which should sort out the inventory levels across many of the sessions,” Upadhyay said.

There have been a series of reforms announced by the government over the past one year.

Also Read: <a href="https://www.cnbctv18.com/energy/coal-crisis-amid-blackout-concerns-govt-gets-into-action-assures-early-resolution-11057082.htm">Amid blackout concerns, Govt pushes for optimum power generation; coal crisis to improve soon</a>

On Tata Power, he said, “On a long-term basis, the significant transition, which the company is getting into on the renewable side - whether it is on the solar rooftop or on the electric vehicle (EV) charging segment or the distribution side or on the EPC segment, or utility, Tata Power has its presence and significant market share over there. So, Tata Power has a major role to play and although we have seen a sharp uptick in the near-term, on a long-term basis, we do believe that the stock still has significant upside potential from this level.”

For the full interview, watch the accompanying video.

Catch all live stock market action <a href="https://www.cnbctv18.com/market/stocks/stock-market-live-updates-sensex-nifty-likely-to-open-lower-amid-weak-global-cues-auto-sgx-nifty-down-100-pts-zeel-tcs-infosys-power-stocks-coal-india-airtel-vodafone-idea-evergrande-11074542.htm">here</a>

Expect coal situation to normalise in 7-10 days; positive on NTPC, CESC, Power Grid: HDFC Securities

According to Lalit Khetan, executive director and CFO at Ramkrishna Forgings, the semiconductor shortage issue that the industry is currently facing is temporary.

“It will be over in the next one month’s time,” he said.

Chip shortage certainly has some impact but still Khetan believes that the company will be able to perform better.

Also Read: <a href="https://www.cnbctv18.com/auto/the-chips-may-be-down-but-fund-managers-are-seeing-value-in-auto-stocks-11013252.htm">The ‘chips’ may be down, but fund managers are seeing value in auto stocks</a>

“What we have done in the current quarter, we will be able to replicate and improve upon that,” he said.

On the back of the guidance the company is getting from its original equipment manufacturers (OEMs) and the underlying demand, he expects to continue the strong performance.

Also Read: <a href="https://www.cnbctv18.com/auto/auto-pli-scheme-explained-what-it-means-who-will-benefit-from-it-and-impact-10757151.htm">Auto PLI scheme explained: What it means, who will benefit from it and impact</a>

“We are looking to continue the strong performance we have posted in this quarter and the upcoming quarter looks very strong to us,” he said.

In terms of raw material price increase, the company has already said that it is able to pass-through the entire price increase to the customers.

Also Read: <a href="https://www.cnbctv18.com/business/shriram-transport-finance-bets-on-festive-demand-says-q2-disbursals-higher-than-q1-11063822.htm">Shriram Transport Finance bets on festive demand; says Q2 disbursals higher than Q1</a>

“We are able to pass-through the entire raw material cost increase to the customers,” Khetan said.

For the full interview, watch the accompanying video.

Catch all live stock market action <a href="https://www.cnbctv18.com/market/stocks/stock-market-live-updates-sensex-nifty-likely-to-open-lower-amid-weak-global-cues-auto-sgx-nifty-down-100-pts-zeel-tcs-infosys-power-stocks-coal-india-airtel-vodafone-idea-evergrande-11074542.htm">here</a>.

Ramkrishna Forgings expects chip shortage issue to get resolved in a month

India's coal stocks are at critical levels and states are sounding the alarm over possible blackouts.

Against this backdrop, Home Minister Amit Shah held a meeting with Power Minister RK Singh, Coal Minister Pralhad Joshi along with other senior officials to discuss the current supply situation and coal shortage. Chief Ministers of Delhi and Andhra Pradesh have even written to the Prime Minister seeking his intervention.

Delhi Power Minister Satyendar Jain has said that if the coal supply doesn't improve, the national capital will face blackouts in two days.

Andhra Pradesh relies on other states for its entire coal supply and the state's energy secretary appealed to consumers to reduce the use of air-conditioners during the peak hours of 6pm to 10 pm.

Also Read: <a href="https://www.cnbctv18.com/energy/power-shortage-maharashtra-rajasthan-tn-up-need-to-clear-coal-dues-says-power-secretary-alok-kumar-11063942.htm">Power shortage: Maharashtra, Rajasthan, TN, UP need to clear coal dues, says Power Secretary Alok Kumar</a>

Maharashtra also urged the consumers to use electricity sparingly from 6 am to 10 am and from 6 pm to 10 pm to balance the demand and availability of supply. 13 thermal power plants supplying power to state electricity Distribution Company have been forced to shut down.

Punjab is staring at a power outage with three power plants forced to shut down due to the acute shortage of coal. The state is also mulling rotational load shedding in several regions.

Also Read: <a href="https://www.cnbctv18.com/energy/power-supply-situation-not-very-critical-certain-pockets-a-worry-power-secretary-11064762.htm">Power supply situation 'not very critical'; certain pockets a worry: Power secretary</a>

Srikant Nagulapalli, Energy Secretary of Andhra Pradesh and A Venu Prasad, Chairman and Managing Director at the Punjab State Power Corporation discussed this further.

Nagulapalli is also the Chairman and Managing Director for the Andhra Pradesh Division at Transco.

“We are comfortably placed but it takes about two-three days for coal wrecks to reach Punjab. Because of that we will have to wait for another one-two days,” said Prasad.

Also Read: <a href="https://www.cnbctv18.com/energy/coal-crisis-amid-blackout-concerns-govt-gets-into-action-assures-early-resolution-11057082.htm">Amid blackout concerns, Govt pushes for optimum power generation; coal crisis to improve soon</a>

“We are also conserving our coal because after building up of two-three days coal stocks, we can increase our generation capacity. So tomorrow onwards we are expecting to get some hydel power also at the same time we are buying huge power from market roughly at the rate of around Rs 12-13 per unit for the last one week. So the situation is a little bit improving but it takes another two-three days,” he said.

According to Prasad, from October 13 onwards, the power shortage issue should gradually reduce.

“By the weekend, the situation will be improved considerably and there should not be any load shedding from next Saturday or Sunday onwards,” he said.

Also Read: <a href="https://www.cnbctv18.com/energy/coal-shortage-hits-india-crisil-expects-prices-to-remain-elevated-until-festive-season-ends-10948802.htm">Coal shortage hits India; CRISIL expects prices to remain elevated until festive season ends</a>

“Andhra Pradesh’s power consumption has increased by 20 percent compared to the pre-COVID times. Coupled with the large amount of wind and solar that we have, we have not contracted with any coal plants for the last few years in order to absorb the green energy. So Andhra Pradesh for its energy needs depends heavily on the market – almost 25 percent of our purchases are from the market,” said Nagulapalli.

“The exchange prices also have been almost two-three times their level about 30 days ago, so that has been hitting us badly because we are unable to mobilize the liquidity in order to pay for the exchange power,” he said.

Also Read: <a href="https://www.cnbctv18.com/energy/sufficient-coal-stock-fear-of-disruption-in-power-supply-entirely-misplaced-says-centre-11058362.htm">Coal stock sufficient, fear of disruption in power supply 'entirely misplaced': Centre</a>

In terms of scheduled load shedding, he said, “Currently we are making all efforts to ensure that there is no load shedding. We have been mobilizing whatever resources we can to buy power from the market but increasingly it is becoming very difficult for us.”

For the entire discussion, watch the accompanying video.

Power crisis: Coal shortage situation improving, say experts

Reliance Industries Limited’s (RIL’s) Rs 75,000 crore clean energy push has picked up pace as Reliance New Energy Solar has acquired REC Solar Holdings for $771 million. <a href="https://www.cnbctv18.com/business/companies/reliance-industries-new-energy-arm-to-acquire-40-stake-in-sterling-wilson-11059502.htm">Reliance will also pick up a 40 percent stake in EPC player Sterling and Wilson Solar</a> via a combination of primary investment, secondary share purchases and an open offer of Rs 2,850 crore. 

Jyoti Gulia, founder at JMK Research, Anish De, partner, head, Energy, Natural Resources and Chemicals at KPMG in India, Gagan Sidhu, director at Council on Energy, Environment and Water-Centre for Energy Finance shared their views on the RIL’s latest acquisitions.

Anish De called the move ‘interesting’ as she said RIL is putting all the blocks together with all its plans coming together in reality. “Given that this is a full value chain play, this is how players like Reliance – the large ones – want to play it, all of that is coming together bit by bit,” he said.

Also Read:<a href="https://www.cnbctv18.com/business/companies/reliance-industries-new-energy-arm-buys-rec-solar-for-771-mn-enterprise-value-11057982.htm"> Reliance Industries' new energy arm buys REC Solar for $771 mn enterprise value</a>

According to De, more such announcements should be expected from Reliance and other large players as the paradigm has shifted in the energy industry.

Pointing to major issues with the existing players and domestic manufacturers at present, JMK Research’s Gulia said one is the technology competitiveness. “Compared to its global counterparts, India is still laggard in terms of technology adaptiveness and competitiveness. REC has a local base as well as a global presence. So, both things Reliance can leverage on with this acquisition,” she said.

She added that REC manufactures HJT modules - Heterojunction type of modules, which are very high-efficiency modules, and at present, the firm is the market leader in that.

Also Read:<a href="https://www.cnbctv18.com/business/entrepreneurship-business/mukesh-ambani-with-a-net-worth-of-927-billion-tops-2021-forbes-list-of-indias-richest-11026112.htm"> Mukesh Ambani retains top spot in Forbes India Rich List 2021</a>

Sidhu of Energy Finance said both the big acquisitions, and that over the weekend, are no small feat. It’s a testament to the fact that investors love Reliance’s execution capability, he added.

Also Read:<a href="https://www.cnbctv18.com/business/companies/ril-agm-reliance-to-invest-over-rs-75000-crore-over-next-3-years-in-clean-energy-biz-9767021.htm"> RIL AGM: Reliance to invest Rs 75,000 crore over next 3 years in clean energy business</a>

“Both these companies have the bulk of their business outside India. The energy transition of solar is much more mature vis-à-vis the others. What they are clearly doing is buying talent, buying technology and buying the knowhow and that is manifesting on the acquisition of REC as well as the sizeable investment into Sterling and Wilson Solar,” Sidhu explained.

For the entire discussion, watch the accompanying video.

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

RIL’s green push: Paradigm shift in energy industry, says KPMG India

The wait for the Maharaja's homecoming is over as Tata Sons has<a href="https://www.cnbctv18.com/aviation/tata-sons-wins-the-bid-for-acquiring-national-carrier-air-india-11043052.htm"> won the bid</a> for the national carrier<a href="https://www.cnbctv18.com/tags/air-india.htm"> Air India</a>. 

Mark Martin, a member of the Royal Aeronautical Society and the founder and CEO at Martin Consulting, shared his views on the takeover.

“The interesting part about where we are with Air India is that it goes back into an organisation that created it, that fundamentally defined its DNA. So the Tatas know what is best for Air India because they ran it themselves till 1978,” he said.

Also Read:<a href="https://www.cnbctv18.com/aviation/what-lies-ahead-for-the-tatas-as-they-set-out-to-build-a-new-air-india-11051282.htm"> What lies ahead for the Tatas as they set out to build a new Air India</a>

On Air India’s return to Tata and how it may change the picture for the airline, Martin said the organisation has been far more formidable with turning around its own businesses that have possibly been in the worst state than where Air India is at the moment.

“We are talking about the Tatas running Air India predominantly as an international airline – what they were back in the days. Air India was an international airline, it took India globally, it reinforced India’s global standards. That is what we will see. Turning around Air India is going to be a walk in the park for Tatas,” he claimed 

Martin explained that Tatas are deep-pocketed and not going to need severe funding because they can fund themselves. He pointed to the Tatas always taking the IPO route when they need to raise capital. “So don’t be surprised if we see an IPO coming up very soon,” he said.

Also Read:<a href="https://www.cnbctv18.com/views/mohandas-pai-writes-finally-india-is-more-important-than-air-india-11051182.htm"> Mohandas Pai writes: Finally, India is more important than Air India</a>

He believes, Air India under the Tatas, is going to go into where the global Indian diaspora is. “We are going to see a whole new network,” he said.

For the full interview, watch the accompanying video.

Catch all live stock market action<a href="https://www.cnbctv18.com/market/stocks/stock-market-live-updates-sensex-nifty-likely-to-open-lower-despite-gains-in-asian-markets-tcs-stock-price-ril-shares-sterling-wilson-aditya-birla-sun-amc-listing-delta-corp-earnings-11061982.htm"> here</a>.

Tatas know what’s best for Air India: Martin Consulting

While the stock markets are illuminated with fresh 52 week and all-time highs, the power situation, especially in certain pockets of India, is an area of concern. Chief ministers of various states have written to the Narendra Modi government on power shortage hassles. Alok Kumar, Secretary, Ministry of Power, spoke to CNBC-TV18 and gave a detailed update on the situation.

“Power shortages have slightly increased in the first week of October. The energy shortages used to be around 0.2 percent to 0.3 percent but the energy shortage currently is still less than 1 percent. In some pockets some states there are certain issues that are all but generally, the situation is, I will say, under control and it has been monitored continuously,” he said.

The central government has written to states like <a href="https://www.cnbctv18.com/energy/power-shortage-maharashtra-rajasthan-tn-up-need-to-clear-coal-dues-says-power-secretary-alok-kumar-11063942.htm" target="_blank" rel="noopener noreferrer">Maharastra and Rajasthan</a> to pay the coal companies their dues.

“In the pockets Rajasthan, Uttar Pradesh and all - we have been writing to the states to pay their dues for the coal companies because these states have huge outstanding dues to coal companies and their coal supplies were affected. So, I will say these states themselves are responsible for not collecting money from their customers timely and paying to coal companies,” he noted.

Also Read: <a href="https://www.cnbctv18.com/energy/sufficient-coal-stock-fear-of-disruption-in-power-supply-entirely-misplaced-says-centre-11058362.htm">Coal stock sufficient, fear of disruption in power supply 'entirely misplaced': Centre</a>

“We are still trying to help them but our preference will always be to those states who have been clearing their coal dues timely,” he added.

According to the power secretary, the states who have managed timely coal stocks by paying to the coal companies, have not faced problems.

Also Read: <a href="https://www.cnbctv18.com/energy/coal-crisis-amid-blackout-concerns-govt-gets-into-action-assures-early-resolution-11057082.htm">Amid blackout concerns, Govt pushes for optimum power generation; coal crisis to improve soon</a>

On coal reserves, he said, “Currently, we require around 1.6 million tonne of coal supply daily from Coal India Limited. If we exclude other sources of coal, against 1.6 million tonne per day, we have been getting on an average so far in October, around 1.32-1.35. I had a meeting with Coal Secretary yesterday and they assured us that in the next three to four days, the coal supplies from Coal India will definitely be at 1.5 million tonne, and they will touch to 1.6 million tonne in three- four days. So we are hopeful that situation will improve definitely.”

The government believes that the demand will sustain at higher levels going by the trends of the previous years and the weather conditions.

“The coal production will definitely go up because Coal India Limited and coal ministry are working for it. So I am very sure that by the end of October, we will see that the stocks will start going up,” he stated.

“We have set a joint goal with the Ministry of coal that by March 31, 2022 coal stocks in the power plant should be touching 40 million tonne which are currently at 7.3 million tonne. With 40 million tonne coal stocks in March end, I don't see any problem coming say in next year,” he explained.

For the full interview, watch the accompanying video.

Catch all live stock market action <a href="https://www.cnbctv18.com/market/stocks/stock-market-live-updates-sensex-nifty-likely-to-open-lower-despite-gains-in-asian-markets-tcs-stock-price-ril-shares-sterling-wilson-aditya-birla-sun-amc-listing-delta-corp-earnings-11061982.htm">here</a>.

Power supply situation 'not very critical'; certain pockets a worry: Power secretary

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In this special edition of ‘Bulls Charge Ahead’, Sunil Singhania, Founder of Abakkus Asset Management, talks about festive cheer on Dalal Street as the market scales at record highs.

Singhania said, “The last 18 months have been phenomenal. We started off with a lot of scares, but I think all is well that ends well. As we speak, there is a lot of optimism within the economy and, also the markets. Having managed public money for such a long period of time, you have learnt the lesson that managing expectations always is very important. So I think what we are taking at this period of time is continue to be optimistic.”

On generating alpha in this market Singhania said, “If you see the markets have been undergoing a transformation. The last four or five years have been a period where only a few stocks and a handful of sectors sort of gave you returns, the rest of the sectors were just being neglected. I think investors have realized that the economy and the markets are not made up of only a few stocks, but also have a lot of other sectors and stocks that can do really, really well. If you actually see the movement of the markets for the last 6-12 months, it has been the neglected sectors, which investors have realized that they keep on churning good profit, they keep on churning good cash flow and they are the stocks and sectors where there is huge undervaluation compared to the market.”

“There are still opportunities to be made, we are looking at Nifty growth for two years which is FY22 and 23 being 50 percent higher than 21 on a cumulative basis. That is a factor of low base for FY21 as also a lot of other sectors performing. Predominantly, I would say the earnings growth will come from metals and economy-related sectors, maybe even banks."

For full interview, watch accompanying video...

Bulls Charge Ahead: Optimistic about economic recovery, says Sunil Singhania

Rahul Singh, chief investment officer (CIO)-equities at Tata Mutual Fund, on Wednesday, said that a part of this coal shortage issue is seasonal in nature.

“Part of it is seasonal (coal shortage issue). It happens every year from September-October. This time it is accentuated because we have had a sharp recovery in demand in the first half; obviously, of a low base but still the electricity demand has grown in the first half and there is an expectation of the electricity demand growth is continuing to be high over the next 2-3 months. So that is leading to so-called coal crisis,” Singh said in an interview to CNBC-TV18.

Also Read: <a href="https://www.cnbctv18.com/energy/coal-crisis-economies-back-to-normalcy-leading-to-rampant-demand-says-care-advisory--research-11079412.htm">Coal crisis: Economies back to normalcy leading to rampant demand, says Care Advisory &amp; Research</a>

On investment opportunities, Singh believes that there are some pockets of cyclical where recoveries of the sector are still under-appreciated.

"In autos, we have seen a bit of a rally but banks are still lagging,” he elaborated.

Also Read: <a href="https://www.cnbctv18.com/auto/tpg-group-to-invest-rs-7500-crore-in-tata-motors-new-electric-vehicle-subsidiary-11080512.htm">TPG Group to invest Rs 7,500 crore in Tata Motors' new electric vehicle subsidiary at $9.1-bilion valuation</a>

According to the Tata MF CIO, IT looks good in the medium term.

"The momentum in terms of business outlook, deal wins and deal activity which is there points to what we have been hearing from all the companies. So there is nothing new there and nothing changes,” said Singh.

A consolidation though can't be ruled out in the sector.

“Valuations have run-up a bit and midcaps are trading at higher valuations than large-caps and that traditionally is a point where sector takes a breather," he explained.

Singh believes that the margin pressures on IT companies because of attrition will get sorted out over 6-9 months.

For the entire interview, watch the video

Coal shortage issue partly seasonal; opportunities in autos and banks: Tata MF

In an interview with CNBC-TV18, Sanjeev Prasad, MD and co-head of Kotak Institutional Equities, shared his views on Tata Motors. He believes the company is showing promise in its domestic business and even with respect to the electric vehicle (EV) space, it's way ahead of its competitors.

Prasad said, “We are hearing some whispers around, for example- Tata Motors talk about some strategic partner or PE entity coming in the domestic passenger vehicle (PV) business. Clearly, Tata Motors also has done a remarkable job in the domestic PV business. At least in the last two-three years, they have transformed their business dramatically, their EV strategy seems to be well ahead of competitors, newer product launches have been well-received by the markets. So it seems to be doing the right things. On commercial vehicles, the cycle will turn over the next few months, so it seems to be in the right position as far as the domestic recovery theme is concerned.”

“JLR has its own challenges, it is not the optimum size when it comes to being a global player, but I am sure Tata will have something in mind with respect to JLR itself. The brand is very powerful and if combined with some other entity, then we will see how that evolves but at least the domestic story has been doing very well for Tata Motors,” he added.

The auto major's last six months on Dalal Street have seen share prices accelerate. In the past six months, Tata Motors has shot up 46 percent and in the past month itself, the stock has risen 39 percent. At the time of publishing the copy, the scrip is up almost 10 per cent in intraday trade.

On Maruti, he said, “Maruti, I guess it is more of expectation that the short-term issues will get resolved as soon as the domestic demand comes back. Maruti will be in a position to capture some that. Now we will have to wait and see whether Maruti does have anything to offer in the compact segment, where it has lost significant market share and that segment itself is somewhere around 27-28 percent of the overall market.”

IT major Tata Consultancy Services (TCS) recently came out with its Q2 earnings, the company failed to meet Street expectations. The pace of deal wins has slowed down for the company and attrition has also seen a pick-up.

On TCS, Prasad said, “Disappointing numbers for sure, market was looking at much higher numbers for TCS. It seems like the company is struggling for volumes currently, whereas the rest of the industry seems to be in a somewhat better position. Now, whether it is issue-specific to TCS – we will find out within the next few days, but at least in our assessment it is more like a TCS-specific issue for now. Clearly, it doesn't set the tone well for the rest of the IT sector. On top of that, the sector is pricing a lot of strong, stable margins so on and so forth and TCS has disappointed on both, and it is becoming really hard to justify the valuation the sector is trading at right now.”

Read Here: <a href="https://www.cnbctv18.com/information-technology/tcs-managed-attrition-well-expect-strong-q2fy22-performance-from-mindtree-infosys-axis-securities-11063092.htm" target="_blank" rel="noopener noreferrer">Q2FY22 IT earnings: Expect strong show from Infosys, Mindtree; TCS managed attrition well, says Axis Securities</a>

On RIL, Prasad said, “There is a lot of opportunity that this company can create over the next few years. If you look at the entire energy space, the paradigm shift in energy to renewable energy is making a big splash over there. Market size and opportunity is pretty large over there, if you look at renewable energy itself. We are looking at somewhere around 20-gigawatt incremental capacity over the next five years and by the time we reach 2020-2025, we will be looking at somewhere about 40-gigawatt incremental capacity. So clearly, market opportunity is very large which Reliance wants to exploit. Reliance is not a stock I want you to sell currently, there is still a lot of good news out there which will come out over the next 7 years.”

Read Here: <a href="https://www.cnbctv18.com/market/stocks/new-acquisitions-will-allow-ril-to-scale-up-solar-units-iifl-11063142.htm" target="_blank" rel="noopener noreferrer">New acquisitions will allow RIL to scale up solar units: IIFL</a>

On markets, Prasad said, “The risk to the market, if anything, will emerge from bond yield, interest rate, inflation side, less from the earnings side. If you look at the last 5-6 years, disappointment to the market has come out more from the earnings side. This time around, I am fairly confident that earnings numbers will come through.”

For full interview, watch accompanying video.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Catch all live stock market action <a href="https://www.cnbctv18.com/market/stocks/stock-market-live-updates-sensex-nifty-likely-to-open-lower-despite-gains-in-asian-markets-tcs-stock-price-ril-shares-sterling-wilson-aditya-birla-sun-amc-listing-delta-corp-earnings-11061982.htm">here</a>.

Tata Motors’ rally: Domestic biz promising, EV strategy ahead of competitors, says Kotak Institutional Equities

It is a big day of IT earnings as Infosys, Mindtree and Wipro will be reporting their second-quarter earnings.

For Infosys, the street is looking at a dollar revenue growth of 5.5 percent, in constant currency terms a growth rate closer to 6.5 percent – the highest in organic terms in the tier-I companies. Revenue growth will be driven by the ramp-up of the large deal win with Daimler that they had.

Wipro is the stock, which has seen the biggest rerating, the stock is up 70 percent year-to-date versus Infosys or <a href="https://www.cnbctv18.com/tags/tata-consultancy-services.htm">Tata Consultancy Services</a> (TCS) which have gained about 35 percent and 40 percent respectively.

In an interview with CNBC-TV18 Manik Taneja, Research Analyst-IT Services, JM Financial Institutional Securities said, “Between three names that announce results today, I would wager a bet on Infosys. The fact that Infosys is likely to raise their revenue guidance that is the base expectation on Infosys. Infosys has had relative growth momentum on their side compared to Tata Consultancy Services (TCS), so they outperformed TCS on growth both in FY20 and 21. Given whatever we have heard over the last few quarters and their guidance, it looks to be the case that even this year Infosys will outperform TCS on growth.”

Read Here: <a href="https://www.cnbctv18.com/earnings/all-eyes-on-infy-wipro--hcl-as-it-sector-under-pressure-post-tcs-earnings-heres-why-11067142.htm" target="_blank" rel="noopener noreferrer">All eyes on Infy, Wipro &amp; HCL as IT sector under pressure post TCS earnings; here’s why</a>

On Wipro and HCL Technologies Taneja said, “If you look at the last three months price action, you will reckon that HCL Tech and Tech Mahindra, the two so-called a laggard in the tier-1 space, have done some amount of catch-up. Although they still continue to underperform, or would have underperformed the likes of Wipro on a calendar year in their business."

Read Here: <a href="https://www.cnbctv18.com/market/stocks/tcs-q2-results-share-price-news-should-you-hold-tcs-shares-exit-or-buy-the-dip-now-11077062.htm" target="_blank" rel="noopener noreferrer">Should investors continue to hold TCS shares, add on dips?</a>

The street is expecting Mindtree to report a strong revenue growth quarter

"For Mindtree, the margin decline for them is likely to be limited, despite the attrition as well as the wage increments that they implement this quarter.” said Taneja.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Also Read | <a href="https://www.cnbctv18.com/information-technology/tcs-managed-attrition-well-expect-strong-q2fy22-performance-from-mindtree-infosys-axis-securities-11063092.htm">Q2FY22 IT earnings: Expect strong show from Infosys, Mindtree; TCS managed attrition well, says Axis Securities</a>

Expect Infosys to outperform TCS on growth: JM Financial

Andrew Holland, CEO of Avendus Capital Alternate Strategies, said the prospects for Tata Group stocks are improving. Holland spoke about how <a href="https://www.cnbctv18.com/tags/tata-group.htm">Tata Group</a>, having won over Air India, can monetise its hotel group.

“Now, if you think about that then one of the biggest beneficiaries will happen, apart from people starting to fly Air India, I am sure the Tata Group will think about how to monetize the hotel group, not just in India, but some of the places overseas as well. I am sure they can offer some great deals like if you fly Air India, you get this hotel rate, and so forth and so on. So, I could imagine that would be a catalyst for the hotel industry, particularly the Taj Hotels,” said Holland in an interview with CNBC-TV18.

Talking about IT stocks, Holland said the sector has ample tailwinds in store. “It is tempting when you see the share price moves and the PEs of 30+ in the sector. But there is still a lot more tailwind,” said Holland.

Also Read: <a href="https://www.cnbctv18.com/auto/tata-motors-ev-orderbook-at-3000-3500-per-month-fundraise-via-tpg-deal-sufficient-says-management-11091252.htm">Tata Motors' EV orderbook at 3,000-3,500 per month; fundraise via TPG deal sufficient, says management</a>

“The infrastructure spending on technology, not the usual roads, ports, bridges, that you would necessarily think about infrastructure spending, it's going into technology and that's what governments are doing. I think that bodes well for the industry going forward and keeps the momentum very high for earnings to continue to grow double-digit over the next 2-3 years,” said Holland.

On investment, he said, “Because we deal in largecaps, in derivatives, we want to have that liquidity because you don't know when market risk will come calling so it's good to be able to hedge your portfolio with stocks which would give you that protection, but of course if you have small and midcaps, once the market falls there's no getting out of the business, no liquidity.”

For the entire interview, watch the video

<a href="https://www.cnbctv18.com/market/stocks/stock-market-live-updates-bse-sensex-india-live-nse-nifty50-infosys-wipro-mindtree-hcl-tech-zeel-gas-stocks-11101142.htm">Track latest stock market updates here</a>

Prospects for Tata Group stocks improving; stay with largecaps, says Avendus’ Andrew Holland

The Indian markets currently are in Superman mode -- up, up and away. The Nifty50 has crossed 18,000 comfortably and has raised 2.4 percent in the last five trading sessions.

N Jayakumar, Managing Director at Prime Securities in an interview with CNBC-TV18 credited the government's policy initiatives partly for the steep rise. He also added that India will continue to get money on a preferred basis and more importantly the retail Indian investor whose reallocation of investments and savings means that the equity markets are more preferred than they ever were.

"Clearly when public participates, there will be bubbles - there are enough and more bubbles that exist in a market, P/E multiples in the short run have gone out of the window and yet there are pockets that have not been fancied, whether it is PSU baskets, whether it is PSU divestment theme or the PSU banks for instance,” explained.

Also Read: <a href="https://www.cnbctv18.com/economy/fm-nirmala-sitharaman-bets-big-on-india-growth-says-economy-will-grow-75-85-from-2022-11095162.htm">FM Nirmala Sitharaman says economy will grow 7.5-8.5% from 2022</a>

Tata Motors will invest over $2 billion in its electric vehicle (EV) business over the next five years, a company executive said on Tuesday after the Indian automaker announced it had raised funds from private equity firm TPG.

According to Jayakumar, the move in Tata Motors has been beyond what anyone could have expected.

“Tata Motors DVR stock has performed brilliantly and therefore any thought that we had, we had made it look much better than we intended to be in the shorter-run. I thought the discounts would narrow, and from 60 percent they would come down to 25-30 percent over a period of time,” he said.

Also Read: <a href="https://www.cnbctv18.com/auto/tata-motors-tpg-deal-validates-ev-opportunity-in-india-launch-pipeline-impressive-experts-11089682.htm">Tata Motors-TPG deal validates EV opportunity in India; launch pipeline impressive: Experts</a>

The entire electric vehicle (EV) conversion theme requires a lot of capex. In the short run, this entire conversion will put a huge demand on a whole bunch of the ecosystem, supply chain, etc, it is expected to be built over a period of the next one-two decades, this isn’t one of those things that are going to play out but it is indicative of something else, he noted.

Jayakumar further stated that this market is indicative that the investors at the end of the day carry a simple message - good and clean businesses, good and clean management, directionally right and futuristic, our money is with you, never mind what P/E multiples are.

Also Read: <a href="https://www.cnbctv18.com/business/companies/invesco-says-proposed-deal-with-ril-was-negotiated-by-promoters-of-zee-rejects-it-was-dilutive-for-shareholders-11088982.htm">Invesco hits back at Zee, points to dismal performance of leadership, board</a>

He believes, shareholder activism is on the rise and shareholders will be able to say and do things which will be heard.

"The advisory business suffers from two-three basic issues – one is that the outcomes can be binary in the advisory business. Two is that it can be people dependent and three is scalability becomes the function of how many offices one opens," he said.

“What the digital shift does is it allows us to create market places, move more to retail and focus on one big sector which is where these old economy and new economy investors come in, which is digitally enabled businesses and the start-up economy. Start-up economy is the space that we cannot ignore,” he shared.

Also Read: <a href="https://www.cnbctv18.com/market/energy-inflation-important-in-relation-to-rising-prices-in-india-bank-julius-baers-mark-matthews-11101872.htm">Energy inflation important in relation to rising prices in India: Bank Julius Baer's Mark Matthews</a>

In terms of market investment strategy, he said, “The direction seems to be that India is a preferred destination. In that there will be bubbles that will get created but more importantly rather than getting scared, we at least are telling people to allocate 20-30 percent to the start-up economy which is where you can capture some of these in terms of much younger and energetic companies and continue to hold on to your winners.”

For the full interview, watch the accompanying video.

Catch all live stock market action <a href="https://www.cnbctv18.com/market/stocks/stock-market-live-updates-sensex-nifty50-to-open-higher-amid-largely-positive-cues-infosys-wipro-mindtree-report-strong-quarterly-numbers-hcl-tech-in-focus-11101142.htm">here</a>.

India to get foreign inflows on preferred basis; startup economy big draw: Prime Securities

Energy inflation is important with regards to rising prices in India, said Mark Matthews, managing director and head of Asia research at Bank Julius Baer, on Thursday. Matthews said another round of very good earnings growth is expected in India, while also adding that IT companies have transformed marvelously.

“Agriculture holding up well, wages going up in the urban areas which is good for consumption. There is the issue of inflation and so I am a little concerned; it’s an issue for the rest of the world, the energy inflation. Now we are entering into winter and maybe there will be less demand for coal and therefore Coal India can provide the entire amount instead of having to buy some from overseas — that will be something to be cautious on,” Matthews told CNBC-TV18.

Also Read: <a href="https://www.cnbctv18.com/energy/coal-crisis-economies-back-to-normalcy-leading-to-rampant-demand-says-care-advisory--research-11079412.htm">Coal crisis: Economies back to normalcy leading to rampant demand, says Care Advisory &amp; Research</a>

On tapering, he said, “The Fed’s liquidity injection has been a big deal on the way up and withstands a reason it should be somewhat of a big deal on the way down. I cannot explain it but they have done a very good job by communicating and for about 3 months they have been dropping hints about tapering starting around November. So let us wait and see in November.”

Also Read: <a href="https://www.cnbctv18.com/energy/no-power-cuts-in-tamil-nadu-despite-coal-shortage-heres-why-11091912.htm">No power-cuts in Tamil Nadu despite coal shortage, here's why...</a>

According to him, another round of very good earnings growth is expected in India. “On a fundamental valuation basis, the next 12 months should be flat, but looking beyond that, we are going to get another round of very good earnings growth and that’s why I would stick with it,” said Matthews.

Matthews also said that India has done a great job on the vaccination front with the total number of inoculated nearing 100 crore and daily COVID-19 cases averaging below 20,000.

For the entire interview, watch the video

Energy inflation important in relation to rising prices in India: Bank Julius Baer's Mark Matthews

IT stocks will do much better from here and the tech upcycle will last 4-5 years, said Edelweiss Securities’ Sandip Agarwal on Thursday, while adding that we are only 10-20 percent into the IT upcycle.

“The broad call is that this cycle is an upcycle and it’s a very big upcycle,” Agarwal told CNBC-TV18.

IT gauge, Nifty IT index has returned over 50 percent in the last one year, while the year-to-date (YTD) return is above 30 percent.

He also said that Mindtree and L&amp;T Infotech will deliver strong returns.

“I believe Mindtree and Larsen &amp; Toubro Infotech will deliver the same shareholder return as what Infosys and TCS have,” Agarwal added.

<a href="https://www.cnbctv18.com/market/stocks/mindtree-zooms-nearly-10-as-july-september-sales-beat-streets-view-11102272.htm">MindTree shares</a> quoted at Rs 4,834 apiece, up 11 percent on NSE at 12.31 pm on Thursday. The stock has gained 192 percent YTD, while the five-year return on the stock is 866 percent. L&amp;T Infotech quoted at Rs 6,167.10 per share, rising 3.6 percent at 12.32 pm. It has gained 66 percent YTD and the five-year return on the stock is 912 percent.

In comparison, <a href="https://www.cnbctv18.com/market/stocks/infosys-shares-gain-4-on-better-than-expected-q2-profit-hike-in-revenue-guidance-11101762.htm">Infosys shares</a> surged 1.36 percent on Thursday at 12.34 pm, quoting at Rs 1,731.50 apiece, while TCS quoted at Rs 3,622.95 per share, down 0.89 percent.

Infosys has gained 37 percent this year so far, while the five-year return on the stock is 237 percent. So far this year, TCS has eked out over 23 percent in gains, while the five-year return on the stock is at 206 percent.

“We are just 10-20 percent into the upcycle and another 70-80 percent is there and people, at whatever level they buy, will make tons of money unless there is a management issue,” Agarwal added.

Also Read: <a href="https://www.cnbctv18.com/information-technology/it-sector-q2fy22-preview-sector-poised-for-strong-q2-earnings-prefer-hcl-tech-over-infosys-says-edelweiss-11013632.htm">IT sector Q2FY22 preview: Sector poised for strong Q2 earnings; Prefer HCL Tech over Infosys, says Edelweiss</a>

IT stocks will do much better from here and the tech upcycle will last 4-5 years.

“We have an upcycle of 4-5 years, so there is no reason to think that the stocks are expensive because the stocks will do much better from here and the multiples will always look higher,” he said.

For the entire interview, watch the video

IT upcycle has just begun; Mindtree, L&T Infotech to do much better, says Edelweiss Securities' Sandip Agarwal

Reliance Industries (RIL) Chairman Mukesh Ambani, while addressing the International Climate Summit 2021, said that climate change is ‘a global problem’ and the company would create or enable at least 100 GW of the 450 GW renewable target that India has by 2030. He further said that RIL has already started developing the green energy complex in Jamnagar with an investment of Rs 75,000 crore, adding that the complex (Dhirubhai Ambani Green Energy Giga Complex) would have 4 giga factories.

He also mentioned, “India is planning to create a green hydrogen ecosystem in the country and Reliance Industries is fully committed to fulfilling India’s green ambition.”

Deven Choksey of KRChoksey, and market expert Prakash Diwan, in an interview with CNBC-TV18 were asked what they made of these announcements and their view on the stock performance, going forward.

Choksey said, “These announcements were more of a confirmation of the programme that was announced in the AGM of investing Rs 75,000 crores in four giga factories. Having spelled out that programme, first time, he has communicated very systematically about what is the kind of capacity Reliance will be creating in the next decade, that is solar capacity of about 100 gigawatts. And at the same time, the cost of producing hydrogen at about $1 per kilo and that too in 10 years’ time is a target that he has spelt out. These are all the reinforcing statements about the commitment that the company has made.”

“However, most importantly, this<a href="http://cnbctv18.com/environment/international-climate-summit-2021-climate-change-a-global-problem-ril-to-create-100-gw-out-of-450-gw-renewable-target-of-india-by-2030-mukesh-ambani-10604271.html" target="_blank" rel="noopener noreferrer"> Rs 75,000 crore worth of investment</a>, which is being made by the company, is likely to take the company to a new level, as far as growth in the business is concerned. Maybe one could put across a simple ratio that this investment at the input level, he is possibly talking about at least three to four times the size of the investment that they have made in the form of a turnover, that means they are talking about somewhere close to Rs two lakh crore plus worth of revenue, which will eventually be produced out of this investment. That, I think is the key takeaway. It would be early to speculate on EBITDA, etc., but my take would be that the potential turnover that could come from this investment could be quite huge and significant from the perspective of looking at the investment and the return on investment (RoI),” Choksey further said.

Diwan is also of the view that these announcements are very significant and after the Reliance AGM, it is the first time there’s an articulation of the plan to be put into action.

According to him there are three key takeaways. “The first is that after this, Reliance certainly becomes eligible as an investment destination for ESG money. So that’s a big change that will happen for investors and stakeholders. The second is, they are talking about a huge investment coming in and so people who thought that Rs 75,000 crore was just an announcement, but would take time to start rolling out, that is out of the way and now you have no doubts that this will immediately happen and a decade will fly if you have to do something path-breaking as <a href="http://cnbctv18.com/environment/india-can-aim-to-bring-down-cost-of-green-hydrogen-at-1kg-in-next-one-decade-mukesh-ambani-10606631.html" target="_blank" rel="noopener noreferrer">hydrogen fuel</a>. So, there is a very clear indication that the money needs to be spent, capex will start and the whole ecosystem that will develop,” said Diwan.

Diwan further said, “The third thing is that the foray is global, it is not something that they are talking about only in the Indian context.” So that’s a huge change in outlook. “Therefore, <a href="http://cnbctv18.com/environment/full-text-reliance-industries-chairman-mukesh-ambanis-speech-at-international-climate-summit-2021-today-10605531.html" target="_blank" rel="noopener noreferrer">Mukesh Ambani</a> has set the bar high and he has a habit of achieving lofty targets. He mentioned audacious, and that’s exactly what this target is, and it will be a major propellant for the for the stock and for the company’s rerating.”

When asked if the re-rating of the stock will happen immediately or will the stock market wait for more of these announcements before starting to price these things? Diwan said, “That would be tied in with the time that the company actually starts its capex cycle, because if you have the capex cycle, and then the timelines are built around it, then it’s very clear to pencil in some sort of earnings. Of course, the final product might take much longer, but the rerating of the stock on the basis of future earnings and future cash flows is something that would start probably in a years’ time. This just kind of adds up to the headwinds. This will get pencilled in, maybe in the next two to three quarters.”

Meanwhile, Choksey said, “The existing investments that the company has made in retail, as well as in the Jio platform, are by and large complete. And they are now getting the fruits out of this investment. They’re implementing some of the initiatives, and that will continue to give higher revenue. For example, in Jio platform, you would have new telephone launch and that could potentially produce around Rs 40,000-50,000 crore worth of revenue and around Rs 18,000-Rs 20,000 crore worth of EBITDA. So, from that perspective, things are moving quite well, as far as Reliance is concerned. “

Choksey further added, “Now these are the new generation of business, which is new materials business, both in the petrochemical block, as well as the green energy segment. As I see it, until now, they have reinvented the company every seven, eight years. Now that cycle is shorter and between two and a half to three years’, they will be reinventing the company. What would be the situation, you would find these new businesses in -- this energy business particularly, would contribute significantly down the line in the next two to two and a half years.”

Disclosure: RIL Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

For the full discussion, watch the video.

RIL to invest Rs 75K cr in 4 giga-facilities: Experts expect stock rerating

The latest analysis and commentary by stock market guru Hemen Kapadia of KRChoksey Securities on what is moving the markets today.

Kapadia’s stock recommendations for today's trade:
<ul>
 	<li>Reliance Industries Ltd (RIL) is a buy with a stop loss of Rs 978 and target of Rs 1,008.</li>
 	<li>Tata Steel is a buy with a stop loss of Rs 282, target of Rs 306.</li>
 	<li>Bata India is a buy with a stop loss of Rs 1,185 and target of Rs 1,230.</li>
</ul>
Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Some buzzing investing picks from stock analyst Hemen Kapadia of KRChoksey Securities

The latest analysis and commentary by stock market guru Mitessh Thakkar of mitesshthakkar.com on what is moving the markets today.

Thakkar has been tracking the equity markets since 1999 and he regularly shares his views on stocks and indices.

Thakkar’s stock recommendations for today's trade:
<ul>
 	<li>ICICI Prudential Life Insurance Company is a buy with a stop loss of Rs 274 and target price of Rs 295.</li>
 	<li>JSW Steel is a buy with a stop loss of Rs 90 and target price of Rs 100.</li>
 	<li>Reliance Industries Ltd (RIL) is a buy with a stop loss of Rs 904 and target price of Rs 945.</li>
 	<li>Oil and Natural Gas Corporation (ONGC) is a buy with a stop loss of Rs 59 and target price of Rs 65.</li>
</ul>
Follow stock recommendations by Mitessh Thakkar <a href="https://www.cnbctv18.com/author/mitessh-thakkar-111/">here</a>: 

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Market veteran Mitessh Thakkar recommends a buy on these stocks

Market guru Ashwani Gujral of ashwanigujral.com gave his top stock picks for Friday's trade in an interview with CNBC-TV18.

One of India’s most famous market analysts, Gujral has been a full time trader of stocks and derivatives for more than 20 years and runs a technical analysis plus trading chat room.

Gujral's stock recommendations for the day are:
<ul>
 	<li>HDFC Bank is a buy with a stop loss of Rs 880 and target price of 935.</li>
 	<li>Kotak Mahindra Bank is a buy with a stop loss of Rs 1,190 and target price of Rs 1,245.</li>
 	<li>Bharti Airtel is a buy with a stop loss of Rs 436 and target price of Rs 460.</li>
 	<li>Infosys is a buy with a stop loss of Rs 535 and target price of Rs 570.</li>
 	<li>ITC is a buy with a stop loss of Rs 157 and target price of Rs 172.</li>
</ul>
Follow stock recommendations by Ashwani Gujral <a href="https://www.cnbctv18.com/author/ashwani-gujral-115/">here</a>: 

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Market expert Ashwani Gujral has a 'buy' call on these stocks

The latest analysis and commentary by stock market guru Himanshu Gupta of Globe Capital on what is moving the markets today.

Gupta’s stock recommendations for today's trade:
<ul>
 	<li>HDFC Bank is a buy with a stop loss of Rs 850, target of Rs 930.</li>
 	<li>Hero Motocorp is a buy with a stop loss of Rs 1,660 and target of Rs 1,780.</li>
 	<li>Power Finance Corporation (PFC) is a buy with a stop loss of Rs 87 and target of Rs 98.</li>
</ul>
Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Stock expert Himanshu Gupta of Globe Capital is bullish on these stocks

The latest analysis and commentary by futures and options (F&amp;O) market expert Amit Gupta, head - derivatives of ICICI Direct on what is moving the markets today.

Gupta’s stock recommendations for today's trade:
<ul>
 	<li>Sell Ramco Cement with a stop loss of Rs 630 and target of Rs 570.</li>
 	<li>Buy Shree Cement with a stop loss of Rs 18,500 and target of Rs 22,500.</li>
</ul>
Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

Check out top F&O trading strategies from market expert Amit Gupta of ICICI Direct

Stock market expert SP Tulsian of Sptulsian.com shared his views and outlook on sectors and stocks in an interview with CNBC-TV18. Tulsian is a well-known fundamental analyst with more than three decades of experience. He has an acute sense of logic and is respected for his frank and forthright views.

On pharmaceutical sector, he said, “We have been taking a very select call on pharmaceutical sector for the last three-five months and have identified  three prominent stocks amongst them – Divi’s Laboratories, Biocon and Aurobindo Pharma.

"I won’t be taking a call on the pharma sector except the select buy call on these three stocks,” he added.

With regards to auto companies, he said, “I have a call only on Maruti Suzuki India because the way they have gone for BS-VI transition and the way they have regained their market share of more than 50 percent. Once April 1 transition date comes in - if Supreme Court gives an extension that is good but if it doesn’t give an extension for BS-VI migration then that will be seen extremely positive for Maruti because they have practically seen all their variants and all the models having turned to BS-VI and then thereafter there will be a huge positive.”

“Meanwhile, for Tata Motors and Mahindra and Mahindra (M&amp;M), the passenger vehicles (PV) and the utility vehicles (UV) have seen to be the big mess. So, will remain away from them, " he said, adding that he was not negative on the two-wheelers but would be cautious on them.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

CNBC TV18 LIVE TV

MARKET news

HDFC Bank Q2 results: Net profit jumps 18% to Rs 8,834.3 crore, beats estimates

DMart Q2 results: Net profit spikes 110% to Rs 417.8 crore

IPOs of Adani Wilmar, Star Health Insurance get Sebi nod

IMF hails India's 'swift and substantial' response to COVID-19 crisis

TCS to employ fresh graduates through ‘Smart Hiring Program’; check details

WORD FROM THE MARKET

Bulls Charge Ahead: Optimistic about economic recovery, says Sunil Singhania

INTERVIEW

Will deliver FY22 EBITDA margin as promised; eyeing robust deal pipeline: Mindtree

Q3 guidance amounts to 25% YoY revenue growth; FY22 fresher hiring will be 2x of FY21: Wipro

Tata Group betting on new age businesses; looking to consolidate aviation verticals: Bhaskar Bhat

Tata Motors' EV orderbook at 3,000-3,500 per month; fundraise via TPG deal sufficient, says management

See substantial increase in demand, expect good growth in Q3: Berger Paints

Kotak Mahindra Bank sees FY22 GDP growth rate at 9%

Expect strong Q2FY22 for oil and gas sector; see more upside in Oil India: Centrum Broking

REC says coal shortage temporary; does not expect NPAs to increase

Flat production and arrears have hampered Coal India's operations: Former chairman

Expect coal situation to normalise in 7-10 days; positive on NTPC, CESC, Power Grid: HDFC Securities

Ramkrishna Forgings expects chip shortage issue to get resolved in a month

Power crisis: Coal shortage situation improving, say experts

RIL’s green push: Paradigm shift in energy industry, says KPMG India

Tatas know what’s best for Air India: Martin Consulting

Power supply situation 'not very critical'; certain pockets a worry: Power secretary

live tv

CNBC TV18 LIVE TV

MARKET news

HDFC Bank Q2 results: Net profit jumps 18% to Rs 8,834.3 crore, beats estimates

DMart Q2 results: Net profit spikes 110% to Rs 417.8 crore

IPOs of Adani Wilmar, Star Health Insurance get Sebi nod

IMF hails India's 'swift and substantial' response to COVID-19 crisis

TCS to employ fresh graduates through ‘Smart Hiring Program’; check details

WORD FROM THE MARKET

Bulls Charge Ahead: Optimistic about economic recovery, says Sunil Singhania

INTERVIEW

Will deliver FY22 EBITDA margin as promised; eyeing robust deal pipeline: Mindtree

Q3 guidance amounts to 25% YoY revenue growth; FY22 fresher hiring will be 2x of FY21: Wipro

Tata Group betting on new age businesses; looking to consolidate aviation verticals: Bhaskar Bhat

Tata Motors' EV orderbook at 3,000-3,500 per month; fundraise via TPG deal sufficient, says management

See substantial increase in demand, expect good growth in Q3: Berger Paints

Kotak Mahindra Bank sees FY22 GDP growth rate at 9%

Expect strong Q2FY22 for oil and gas sector; see more upside in Oil India: Centrum Broking

REC says coal shortage temporary; does not expect NPAs to increase

Flat production and arrears have hampered Coal India's operations: Former chairman

Expect coal situation to normalise in 7-10 days; positive on NTPC, CESC, Power Grid: HDFC Securities

Ramkrishna Forgings expects chip shortage issue to get resolved in a month

Power crisis: Coal shortage situation improving, say experts

RIL’s green push: Paradigm shift in energy industry, says KPMG India

Tatas know what’s best for Air India: Martin Consulting

Power supply situation 'not very critical'; certain pockets a worry: Power secretary