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

Updated : February 10, 2021 05:53 PM IST

Here is what market gurus and industry captains said about the near-term trajectory on February 10, 2021.

 On Tata Steel | Deven Choksey of KRChoksey Securities:  The cyclicality of the business is working well for this company, you should see better performance going forward in subsequent quarters, so remain strong on this company.  Catch the conversation    here   .
On Tata Steel | Deven Choksey of KRChoksey Securities: The cyclicality of the business is working well for this company, you should see better performance going forward in subsequent quarters, so remain strong on this company. Catch the conversation here.
 On Indian markets | Sridhar Sivaram, Investment Director of Enam Holdings:  The Indian market has potential for a further upside hereon while after the Union Budget 2021, the domestic cyclicals will perform well. My bias would be towards domestic cyclicals like corporate and non-corporate banks, public sector undertaking (PSU) banks. We are quite bullish on the PSU banks and not so much on the NBFC but banks are looking far better right now. The auto sector has rallied a lot so one has to be slightly cautious. There are serious global supply chain disruptions and until this is not restored, we could see a pause in the auto sector. At this stage, the ancillaries look slightly better than the original equipment manufacturers (OEMs), but I wouldn’t be adding too much of auto right now.  Catch the conversation    here   .
On Indian markets | Sridhar Sivaram, Investment Director of Enam Holdings: The Indian market has potential for a further upside hereon while after the Union Budget 2021, the domestic cyclicals will perform well. My bias would be towards domestic cyclicals like corporate and non-corporate banks, public sector undertaking (PSU) banks. We are quite bullish on the PSU banks and not so much on the NBFC but banks are looking far better right now. The auto sector has rallied a lot so one has to be slightly cautious. There are serious global supply chain disruptions and until this is not restored, we could see a pause in the auto sector. At this stage, the ancillaries look slightly better than the original equipment manufacturers (OEMs), but I wouldn’t be adding too much of auto right now. Catch the conversation here.
 On HDFC Life | Vibha Padalkar, MD & CEO of HDFC Life Insurance:  We have always maintained that we will grow faster than industry and also if we are looking at the rebound in GDP growth, then at least a 2x GDP growth is something that we will certainly aspire towards. So, all things being equal and no rebound in COVID cases, we are looking forward to a back to normal pretty decent growth levels next year.  Group business does tend to be lumpy and typically gathers pace closer to March. Credit protect is coming back to normalcy, but still, because of disbursements being lower or similar to last year, that is pulling down growth in group business. The individual business has witnessed a growth of 24 percent in January, which is faster than the private industry growth of 7 percent for the standalone month.  Catch the conversation    here   .
On HDFC Life | Vibha Padalkar, MD & CEO of HDFC Life Insurance: We have always maintained that we will grow faster than industry and also if we are looking at the rebound in GDP growth, then at least a 2x GDP growth is something that we will certainly aspire towards. So, all things being equal and no rebound in COVID cases, we are looking forward to a back to normal pretty decent growth levels next year.  Group business does tend to be lumpy and typically gathers pace closer to March. Credit protect is coming back to normalcy, but still, because of disbursements being lower or similar to last year, that is pulling down growth in group business. The individual business has witnessed a growth of 24 percent in January, which is faster than the private industry growth of 7 percent for the standalone month. Catch the conversation here.
 On NIIT Technologies | Vijay Thadani, Vice Chairman and Managing Director at NIIT:   EBITDA has come out of numbers of initiatives. First is the switching over to the digital learning environment, the lower establishment cost, and travel cost all those are lower and at the same time some newer contracts are at better margins those are contributors to this. In the medium term, there is an issue that we have to see how the new contracts settled down. We have a healthy pipeline and then we have to also look at how the outcome of the digital transformation initiatives which organisations are taking, how they settled down so that they can hopefully start spending more on training and other initiatives.  Catch the conversation    here   .
On NIIT Technologies | Vijay Thadani, Vice Chairman and Managing Director at NIIT:  EBITDA has come out of numbers of initiatives. First is the switching over to the digital learning environment, the lower establishment cost, and travel cost all those are lower and at the same time some newer contracts are at better margins those are contributors to this. In the medium term, there is an issue that we have to see how the new contracts settled down. We have a healthy pipeline and then we have to also look at how the outcome of the digital transformation initiatives which organisations are taking, how they settled down so that they can hopefully start spending more on training and other initiatives. Catch the conversation here.
 On China | Shaun Rein, Managing Director at China Market Research Group:  The factories are offering incentives for workers to stay, they are giving double payment on their salaries. Meantime a lot of these workers have decided to stay where they work and so factories are going full steam ahead in January and February, so we expect that the factory sector is going to outperform a lot of expectations.  Catch the conversation    here   .
On China | Shaun Rein, Managing Director at China Market Research Group: The factories are offering incentives for workers to stay, they are giving double payment on their salaries. Meantime a lot of these workers have decided to stay where they work and so factories are going full steam ahead in January and February, so we expect that the factory sector is going to outperform a lot of expectations. Catch the conversation here.
Published : February 10, 2021 05:53 PM IST
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