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Remain invested in SBI, Info Edge, Asian Paints, says Centrum Broking's Nischal Maheshwari

market | Jan 22, 2021 10:52 AM IST

Remain invested in SBI, Info Edge, Asian Paints, says Centrum Broking's Nischal Maheshwari

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Ecommerce is going to be one of the biggest wealth creators on the Indian bourses as and when they get listed, said Nischal Maheshwari, CEO, Institutional Equities and Advisory at Centrum Broking on Friday.

Ecommerce is going to be one of the biggest wealth creators on the Indian bourses as and when they get listed, said Nischal Maheshwari, CEO, Institutional Equities and Advisory at Centrum Broking on Friday.

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“If you are invested in Info Edge, remain invested,” he advised.
On Asian Paints, Maheshwari said, “The whole sector seems to be coming off on a back of strong demand coming back into the residential sector or real estate. I think this is just a start, I don’t see this demand going away in a hurry. Asian Paints has been able to deliver a double-digit volume growth for long and I continue to believe that they will be able to do it. It is best to remain invested in the paint stocks.”
On the State Bank of India (SBI), he said, “We continue to maintain a buy on it. A lot of their subsidiaries seem to be doing well, so a lot of that valuation is also coming back. I think it is still a stock to be invested in.”
One has to be cautious on the banking sector, however, he added. “The whole sector needs to be now on a cautious mode.”
Reliance Industries Ltd (RIL) will be reporting its Q3FY21 numbers today later in the day.
Sharing his expectations from the company’s Q3 earnings, he said, “This quarter is going to be better than the last one on the petrochemical side of the business. We continue to see improvement there. I am a bit disappointed as far as Jio is concerned. The broader number still is going to be weak for RIL.”
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Disclosure: RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.
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