Sachin Shah - Executive Director and Fund Manager - EIML - on ET Now with Ayesha Faridi

Emkay Investment Managers Limited (EIML) • 10 days ago

Original source

What This Video Is About

The video discusses the current market trends and factors affecting it, including the India-US trade deal and high oil prices. The expert, Sachin, shares his insights on the market and specific companies.

Major Ideas Discussed

  • The market is expected to be buoyant due to the impending India-US trade deal, but the current selloff is unexpected.
  • High oil prices are a significant worry for the market, potentially leading to demand destruction and impacting earnings growth.
  • Capital gains taxation changes are anticipated to be investor-friendly, contributing to last week's uptick.
  • Sachin believes that the current valuations are reasonable, and the oil price issue is a short-term phenomenon.
  • ABB India is facing pressure in trade today, despite the parent company posting a good second quarter globally.
  • Several stocks are experiencing high volumes, including PC Jeweler, South Indian Bank, Fractile Analytics, and India Cement.
  • The Reliance Jio IPO has seen a fabulous start, with investors showing enthusiasm for the business.
  • The IT sector's fear of AI disruption has reduced, and valuations have become reasonable, with expected high single-digit to low double-digit earnings growth.
  • Eternal is expected to report strong Q2 performance, with consolidated revenue estimated to rise 16% year-on-year, while Swiggy's chart indicates intensifying correction.

What to Watch Next

Investors should monitor the progress of the India-US trade deal, oil prices, and the performance of companies like ABB India, Reliance Jio, and Eternal.