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Top market and economy voices on markets, ACC earnings, and more

Updated : April 20, 2021 05:03 PM IST

Here is what market gurus and industry captains said about the near-term trajectory on April 20, 2021.

 On future outlook | Raamdeo Agrawal, Chairman of Motilal Oswal Financial Services:  This time the spike in COVID numbers are almost 2.70-2.75 lakh every day, but the fear is much lesser, which is most important and that is what is going to guide us as we go forward. Earnings will definitely get impacted in this quarter as last quarter, though this quarter will be much better than last year’s Q1.    Catch the conversation here.
On future outlook | Raamdeo Agrawal, Chairman of Motilal Oswal Financial Services: This time the spike in COVID numbers are almost 2.70-2.75 lakh every day, but the fear is much lesser, which is most important and that is what is going to guide us as we go forward. Earnings will definitely get impacted in this quarter as last quarter, though this quarter will be much better than last year’s Q1. Catch the conversation here.
 On financials | Dipan Mehta, Director at Elixir Equities:  Very positive on financials. There is so much choice – one can go for the safer banks like HDFC Bank, Axis Bank, ICICI Bank, Kotak Mahindra Bank or down the line midcap banks also have a great value proposition to offer the likes of RBL Bank or IDFC First Bank or Federal Bank which are available at attractive valuations.
On financials | Dipan Mehta, Director at Elixir Equities: Very positive on financials. There is so much choice – one can go for the safer banks like HDFC Bank, Axis Bank, ICICI Bank, Kotak Mahindra Bank or down the line midcap banks also have a great value proposition to offer the likes of RBL Bank or IDFC First Bank or Federal Bank which are available at attractive valuations.
 On ACC earnings | Navin R Sahadeo, research analyst at Edelweiss Securities:  The results are strong and it’s a good start to the result season for the cement sector. Yet, given the macro concerns around, it is unlikely to see any earning upgrade. Demand is a question amid the rising COVID-19 cases and there have been some slippages in prices. However, in the current quarter, the surprise for ACC is not from the topline. It is more from costs wherein variable cost has sequentially declined and I do not think it’s sustainable given the fuel prices are, the variable cost is bound to come back and that is where I am not looking at an earnings upgrade.    Catch the conversation here.
On ACC earnings | Navin R Sahadeo, research analyst at Edelweiss Securities: The results are strong and it’s a good start to the result season for the cement sector. Yet, given the macro concerns around, it is unlikely to see any earning upgrade. Demand is a question amid the rising COVID-19 cases and there have been some slippages in prices. However, in the current quarter, the surprise for ACC is not from the topline. It is more from costs wherein variable cost has sequentially declined and I do not think it’s sustainable given the fuel prices are, the variable cost is bound to come back and that is where I am not looking at an earnings upgrade. Catch the conversation here.
 On Hotels, restaurants stocks | Chandresh Kumar Nigam, MD & CEO, Axis AMC:  Unless we have some real big surprise coming in which as of now in not on the table right now, I think the high touch B2C businesses being the worst affected and obviously the second wave did not bring any cheer, but some of these high-quality names in hotels, restaurants and all that I think some of them the weaker ones might not be able to make post this and we have seen some shutting down of the whole businesses happening in the unorganised space and organised space has benefited to that extent.
On Hotels, restaurants stocks | Chandresh Kumar Nigam, MD & CEO, Axis AMC: Unless we have some real big surprise coming in which as of now in not on the table right now, I think the high touch B2C businesses being the worst affected and obviously the second wave did not bring any cheer, but some of these high-quality names in hotels, restaurants and all that I think some of them the weaker ones might not be able to make post this and we have seen some shutting down of the whole businesses happening in the unorganised space and organised space has benefited to that extent.
 On Insurance stocks | Anand Tandon, Market Expert:  Life is my preferred bet, general is still yearly, annual kind of payment and therefore there are chances that it can shuffle portfolios. ICICI has turned the corner but almost all of them have long runway ahead.
On Insurance stocks | Anand Tandon, Market Expert: Life is my preferred bet, general is still yearly, annual kind of payment and therefore there are chances that it can shuffle portfolios. ICICI has turned the corner but almost all of them have long runway ahead.
Published : April 20, 2021 05:03 PM IST
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