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Here's what key voices from the world of business and markets told CNBC-TV18 today

Updated : 2021-01-27 18:33:26

Here is what market gurus and industry captains said about the near-term trajectory on January 27, 2021.

 On L&T | Renu Baid, Vice President-Research, IIFL Institutional Equities:  The silver lining essentially was the order inflow which was evident from the orders that the companies were announcing over the last two-three months, but operationally, we didn’t find the results very exciting. IIFL Institutional Equities maintains a 'buy' call on the stock with a target price of Rs 1,635. L&T remains its preferred pick in the large-cap space. Catch the conversation   here  .
On L&T | Renu Baid, Vice President-Research, IIFL Institutional Equities: The silver lining essentially was the order inflow which was evident from the orders that the companies were announcing over the last two-three months, but operationally, we didn’t find the results very exciting. IIFL Institutional Equities maintains a 'buy' call on the stock with a target price of Rs 1,635. L&T remains its preferred pick in the large-cap space. Catch the conversation here.
 On Pharma Industry | Nithya Balasubramanian, Director, Sanford Bernstein:  I think the production-linked incentive (PLI) scheme should definitely give a kicker to the active pharmaceutical ingredient (API) industry. The biggest challenge for Indian companies has been their ability to match the scale that Chinese companies have built over the last several years. The PLI scheme should definitely support as long as the incentives last. It can level the playing field. Catch the conversation   here  .
On Pharma Industry | Nithya Balasubramanian, Director, Sanford Bernstein: I think the production-linked incentive (PLI) scheme should definitely give a kicker to the active pharmaceutical ingredient (API) industry. The biggest challenge for Indian companies has been their ability to match the scale that Chinese companies have built over the last several years. The PLI scheme should definitely support as long as the incentives last. It can level the playing field. Catch the conversation here.
 On Auto Industry | Gautam Shah, founder and chief strategist, Goldilocks Premium Research:  Many sectors are gradually moving back to their February-March highs. The auto index is still 15 percent away from those numbers. So I see a 1,500 point rally on the auto index and this outperformance is going to continue. We have been recommending staying topped up and use every decline as a buying opportunity. Catch the conversation   here  .
On Auto Industry | Gautam Shah, founder and chief strategist, Goldilocks Premium Research: Many sectors are gradually moving back to their February-March highs. The auto index is still 15 percent away from those numbers. So I see a 1,500 point rally on the auto index and this outperformance is going to continue. We have been recommending staying topped up and use every decline as a buying opportunity. Catch the conversation here.
 On SBI Life | Mahesh Kumar Sharma, MD & CEO, SBI Life Insurance:  If you look at VNB margin we have gone up 100 basis points over last year. This is what is an indicative of the robustness of the business, fact that we have done something good and this is something which will lead to increased profits going forward. Next year onwards, we will be reaping these benefits. We are targeting for positive growth this year and till now we are on-line. We are sure we will be ending the year strongly if everything goes according to plan. On accounting profits, it will remain flattish.
On SBI Life | Mahesh Kumar Sharma, MD & CEO, SBI Life Insurance: If you look at VNB margin we have gone up 100 basis points over last year. This is what is an indicative of the robustness of the business, fact that we have done something good and this is something which will lead to increased profits going forward. Next year onwards, we will be reaping these benefits. We are targeting for positive growth this year and till now we are on-line. We are sure we will be ending the year strongly if everything goes according to plan. On accounting profits, it will remain flattish.
 On real estate & IT sector | Anshu Kapoor, Head-Investment Management, Edelweiss Wealth:  We are seeing signs of volume growth coming back. In pre-COVID times, India used to sell about 80,000 units a quarter. We are back to about 60,000 units a quarter. So, real estate is very constructive and if residential real estate revives, it will give all-round boost to about 100 odd sectors that it is connected to. The number one factor to see is that demand is back. Of the 250 results that we analysed, revenue is up by 10 percent which is a six-quarter high. Also, margins are up to about 14 percent which is a nine-quarter high. So demand seems to be holding up; it was not only a festive season phenomenon. Capacity utilization seems to be about 80 percent from here. So, our big call is revival of manufacturing capex – something that India has not seen over the last 7-8 years
On real estate & IT sector | Anshu Kapoor, Head-Investment Management, Edelweiss Wealth: We are seeing signs of volume growth coming back. In pre-COVID times, India used to sell about 80,000 units a quarter. We are back to about 60,000 units a quarter. So, real estate is very constructive and if residential real estate revives, it will give all-round boost to about 100 odd sectors that it is connected to. The number one factor to see is that demand is back. Of the 250 results that we analysed, revenue is up by 10 percent which is a six-quarter high. Also, margins are up to about 14 percent which is a nine-quarter high. So demand seems to be holding up; it was not only a festive season phenomenon. Capacity utilization seems to be about 80 percent from here. So, our big call is revival of manufacturing capex – something that India has not seen over the last 7-8 years
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