Abhishek Singh, Fund Manager, DSP Mutual Fund (2)

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DSP Fund Manager Abhishek Singh says Financials are fairly valued while IT uncertain due to high valuations and Gen AI. He also cautioned investors that there will be shoer term weakness in the market. 

Financials Are The Only Sector Where Valuations Are Fair, Says DSP Fund Manager

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Amit Golia of MarketsMojo said healthcare power sector can be areas of value creation due to limited supply and huge demand. 

Bet On Healthcare, Power Sector For Value Creation, Says MarketsMojo Group CEO

Trump Media, Mcdonald's, Starbucks, Philip Morris, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

Tech

In this conversation, Lokanath Panda, chief operating officer, shares insights on the IPO process, business performance, upcoming plans, and the company&#39;s vision for growth.

Always On Lookout For Synergetic Acquisitions, See Strong Growth Potentional In Insurance Segment, Says BLS E-Services&#39; COO

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Benzinga Inspire

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Earnings

&#34;This earnings season is likely to be lackluster,&#34; says Kant, reflecting on the outlook for the Nifty 50. &#34;As far as Nifty EPS (Earnings Per Share) is concerned, I expect a modest growth of around 5% to 6%. Last year, the EPS was about 250 for this quarter, so the best-case scenario now would be around 260 or 263.&#34;

Markets May See Heavy Correction Post-Diwali On Lacklustre Earnings, Says Chola Securities&#39; Dharmesh Kant

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&#34;Investors are encouraged to focus on accumulating fundamentally strong stocks during downturns, particularly those with robust balance sheets and growth potential, to weather market fluctuations effectively,&#34; Mishra advised.

Religare Broking&#39;s Ajit Mishra Suggests Watching Out For These Cues Ahead Of Q2 Print

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Record high cash holding in mutual funds suggests sector rotation and market timing says Executive Director of Motilal Oswal.  Chaturvedi said  AIFs and PMSes have been performing well and has potential for growth.

Mutual Funds Sitting On Cash Due To Market Timing, Says Motilal Oswal&#39;s CBO

Kislay Upadhyay, Fidelfolio Investments

Founder Kislay Upadhyay points to muted earnings growth in Q1 results even as markets hover around all-time high.

Muted Private Consumption Growth A Concern, Says This Fund Manager

Premarket Trading

The market cycle has shifted from value stocks to quality-oriented ones, says Bajaj Fiserv AMC. Bajaj Finserv&#39;s large cap fund is underweight on IT, positive on staples, pharma and rural consumption.

Market Cycle Has Shifted To Quality From Value, Says Sorbh Gupta Of Bajaj Finserv AMC

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&#34;We are guiding you for 30% plus growth for this full year while we did about 36% for year-on-year in this quarter. I think this number will be more like around 30-32% for this financial year, &#34; the CFO told Benzinga India.

Five Star Business CFO Sees Growth Continuing At Over 30%, Plans To Add 175 To 200 Branches In FY25

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Guidance

Management

&#34;AUM growth would be in the range of around 25% to 30%, provided that the monsoon comes in you know as expected or as predicted,&#34; said Arul Selvan.

AUM Growth Seen At 25%-30%, Asset Quality To Improve In 2nd Half Of FY25, Says Chola Finance CFO

Economic indicators are showing a steady recovery, and there have been no negative surprises from the earnings front so far. However, global economic uncertainties and inflationary pressures pose challenges. 

FMCG Sector Poised For Growth Amid Positive Earnings And Budget 2024 Measures, Says Religare Broking&#39;s Ajit Mishra

stock market ai

Shailesh Saraf of Dynamic Equities prefer investing in energy companies like Tata Power, Suzlon, PFC, REC, IREDA due to the high power demand in the country. 

Shailesh Saraf Of Value Stocks Sees Big Opportunity In Green Energy Stocks Tata Power, Suzlon, Others As Power Demand Stays Sky High

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&#34;As far as the budget is concerned I think if they don&#39;t change anything and just go by the interim budget whatever announcements were there it would be good for the markets,&#34; Kant told Benzinga India.

Chola Securities&#39; Dharmesh Kant On Earnings Season, Budget And Record Inflows

Mr. Sumit Gupta, co-founder, CoinDCX

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Gupta thinks that crypto assets should be treated similarly to equities. &#34;You have stocks on one side and then you have crypto on another side, the properties are similar, the risks are similar, so the treatment should also be similar,&#34; the CEO told Benzinga India.

&#39;More Balanced Taxation Framework&#39;: CoinDCX&#39;s Sumit Gupta On Expectations From The Budget

Pic- Siddhartha Khemka (1)

Indian stock market set to continue bull run due to earnings growth, normalised monsoons, strong GDP &amp; government capex says Motilal Oswal. 

Motilal Oswal Expects Up To 16% Earnings Spurt For Nifty, Sees Strong Momentum Over Next 3-6 Months

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Talking about the company&#39;s expansion plans, Arora said that by the end of March 2025, the company is aiming to bring 3,000 new customers on board.

&#39;We Plan To Add 3,000 New Customers In FY25&#39;: TAC Infosec&#39;s CEO Plans To Become World&#39;s Leading Vulnerability Management Company

Kapil Jain

&#34;We have given a guidance of 24-28% for our EBIDTA and will stay in the top quadrant for both revenue and margin,&#34; Jain told Benzinga India.

&#39;Strong Performance Despite Slowdown In Developed Markets&#39;: eClerx Services CEO On Q4-Print

Stock Market

&#34;The plan for the next year is to definitely grow at a faster rate than what we did this year while overall for the full year, maintaining an EBITDA margin between 21.5% to 23%,&#34; Venkatesan told Benzinga India.

Faster Growth, Steady Margins: LatentView Analytics CFO Reveals Strategy Post-Q4 EBITDA Surge

Inside a bank

Five-Star Business Finance reported a 40% increase in its profit after tax for the January-March quarter, reaching ₹236 crore compared to ₹169 crore in the corresponding quarter of the previous year. Total disbursements during the quarter also saw a growth of 20%, reaching ₹1,336 crore compared to ₹1,110 crore in the same period last year. 

After A Strong FY24, Five Star Business CFO Expects 30% Growth In FY25, NIMs At 15-16%

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&#34;We&#39;ll endeavour to do a 20-25% assests growth in the coming year, that&#39;s our target while all the businesses will grow in a sort of a seamless manner,&#34; CFO Arul Selvan told Benzinga India.

Ending FY24 On A High, Chola Finance CFO Expects 20-25% Growth In FY25

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&#34;My Nifty EPS target of around 1,020, 1,050 for FY24 is likely to be met when this quarter&#39;s earnings are rolled out because the latest swing in the input prices will not be reflected in any of the companies because there&#39;s a time lag. So Q1 of FY 25 would be a difficult one. But Q4 FY24, I think we will pass through with flying colours,&#34; Kant told Benzinga India.

Chola Securities&#39; Dharmesh Kant On Markets As Earnings Kickoff: &#39;This Market Is Discounting That Nothing Can Go Wrong&#39;

fintech

Fintech news covering the emerging Financial Technology services sector

Fintech

Startups

VoloFin offers invoice financing and supply chain solutions to SMEs in Singapore and India. CEO Roshan Shah talks about the company&#39;s growth and impact in an interview.

This Fintech Company Is Helping Small Businesses Fix Their Short-Term Cash Flow Needs

The Shark Tank is a great place to find out about the different and innovative startups that are coming up in the country. One such startup, that has gained a lot of eyeballs with their appearance on the tank is Prorata Car.

Prorata Car&#39;s Sanjeev Jain On Life After Shark Tank: &#39;The Real Happiness Is...&#39;

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Travel

General

&#34;We are focused heavily on the southern part of the country for the next six months. Once we stabilize ourselves over there, then I think our portfolio will be equally divided between North and South. And early next year we plan to move to the northeast part of the country as well,&#34; Dangi told Benzinga India.

&#39;We Want To Be A Pan-India Brand By 2024&#39;: The Hosteller&#39;s CEO On Expansion Plans

Tata Car

Talking about the outlook going forward, Moran said that the company is looking at a 70 to 100% Jump in revenue between $17 to $20 million for this coming year.

Exclusive: Zoomcar CEO Eyes Strong Revenue Growth, Expects 70%-100% Jump

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&#34;Both in Q2 and Q3, we disbursed a little over ₹1,200 crores. I think that we should at least clock 8% to 10% growth, or maybe a little more than that for Q4, which will lead to an AUM growth of close to 38% to 40% for the full year,&#34; CFO Srikanth Gopalakrishnan tells Benzinga India.

Five Star Business CFO Confident Of Closing FY24 On A High On Back Of Improved Disbursals

&#34;We should look at around 30%-32% YoY growth this year and next year again, because this year has been very good, and you will have a larger base to handle. So I would conservatively put it in the range of around 20% plus for the next year,&#34; Arul Selvan told Benzinga India.

After Strong Q3, Chola Finance CFO Confident Of Ending FY24 On A High

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Government

In light of the upcoming budget, there is optimism within the cryptocurrency sector that there will be a review and potential reform of the current taxation policies concerning virtual digital assets (VDAs).

India&#39;s Budget Day Nears: Crypto Sector Eyes Tax Reforms and SRO Establishment

Nirmala Sitharaman

Macro Economic Events

Economics

The interim budget during an election year is aimed at meeting immediate financial needs before a new government is formed. The full-fledged union budget will only be released after the elections, which will take place between April and May.

Union Budget 2024: What To Expect From The Interim Budget?

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&#34;We are expecting 24,000 this year. Whether it happens after the election or before the election or in a run-up after the budget that remains to be seen,&#34; Kant told Benzinga India in an interview.

Chola Securities&#39; Dharmesh Kant Sees Nifty 50 Hitting 24,000 In 2024

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