NEW AGE TECH STOCKS
Fund Manager Talk | Zomato's turnaround inspiring confidence in other new-age stocks: Arvind Kothari
This strategy allows us to remain invested and benefit from the long-term growth potential while being cautious and adaptive to the changing market dynamics.
Trideep Bhattacharya sees value in these 3 pockets now
Edelweiss MF's Trideep Bhattacharya stated that in the past six months, they increased their portfolio's allocation towards IT services, consumption, and rate-sensitive financials. He also mentioned profit-booking from defence and capital goods sectors. Bhattacharya expressed optimism towards traditional two-wheelers with EV exposure and platform-based tech firms showing cash flows and profits.
Here's why Siddhartha Khemka is bullish on real estate sector
Lot of sectors are dependent on the rural sector and with the monsoon season this year being good and the upcoming festive season, we believe that could lead to a big demand for a whole host of sectors including the consumers, the durables, the automobiles, the agri-related sectors and that should kind of drive the earnings growth for the remaining part of the year.
Strong client interest on GenAI; don't foresee layoffs within Infosys from new-age tech: CEO Salil Parekh
Infosys CEO Salil Parekh revealed substantial interest from clients in Generative AI technology, comparable to previous digital and cloud adoption. The company has trained over 250,000 employees in GenAI without expecting layoffs. Despite a significant GST tax demand, Infosys continues to see positive growth due to ongoing client projects and benefits from GenAI technologies.
Three stock recommendations from Rajesh Palviya for next week
In the IT sector, TCS is a noteworthy focus. We anticipate a continuation of its rally and expect it to reach higher levels, making TCS an appealing option. Our target price for TCS is around 4650 on the upside. For those considering a long position, a stop loss of approximately 4390 is recommended, says Rajesh Palviya, Axis Securities
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Up 110%, PB Fintech bags crown of world's best performing fintech stock of 2024
PB Fintech has seen a 110% surge in share price this year, making it the top performer among major financial technology firms globally. The company's profits have soared, driven by the revival in unsecured lending. PB Fintech reported a net profit of Rs 60 crore in the June quarter, with substantial growth in insurance premiums and credit disbursal.
Here's why media or exhibition stocks can be short-term tactical bets
So, we are really seeing a lot of these companies changing the business model and having a far faster path to profitability and low cash burn and hence as they are all sort of doing this, you are seeing the market starting to re-rate them.
What is keeping the bulls running in the market? Chakri Lokapriya answers
Chakri Lokapriya from RSB LLP discussed the promising outlook for Indian IT firms, citing favorable US market conditions. He highlighted TCS, HCL Technologies, and Infosys, and mentioned a shift from traditional sectors to new-age companies like Ola and Paytm. He also touched on the impact of the US Fed's potential actions on Indian markets.
New age firms' 29% Q1 revenue growth beats BSE 500, 1-yr stock returns better too
New age companies showed strong performance in the April-June quarter, with an average 29% YoY revenue growth, led by Zomato. Paytm was an outlier, with a 36% decline. Newly listed firms including Unicommerce, Ola Electric, and Firstcry attracted considerable investor interest and delivered notable gains, reflecting a changing market sentiment.
Should you be fearful when others are greedy and sell new-age tech & fintech stocks? Pankaj Murarka explains
Pankaj Murarka emphasized that technology will play an essential role in the consumer tech and business sectors in India. He highlighted how companies like Zomato have quickly risen to prominence. Murarka predicted that firms failing to adapt to digital finance or adopt EV strategies risked their survival. Despite the competitive market, he believed significant growth potential remained in these sectors.
Indian market unlikely to fall as every dip gets bought into; tech, pharma making a comeback: Manish Sonthalia
Manish Sonthalia from Emkay Investment Managers discussed the current stock market dynamics, emphasizing the stock picker's market and the challenge of high valuations. He cited the influence of global markets, local inflows, and anticipated rate cuts. Sonthalia also analyzed various sectors, highlighting concerns in capital goods and potential growth in pharma and auto components.
PSU stocks face correction; new-age stocks surge as growth momentum returns: Ajay Bagga, Elyments Platforms
Defense and railway stocks corrected due to high valuations, while US and Asian markets showed strong performance, easing economic and geopolitical concerns. New-age stocks such as Zomato and Paytm saw gains, whereas PSU stocks declined. The market shifted focus to future profitability and growth potential, affecting investment trends.
Robust growth ignites rally in new-age stocks, 45% gains made in 6 months
New-age stocks surged recently, thanks to higher revenue growth and increased profitability through reduced spending. The ET E-commerce Index rose 45% in six months. Shares of Zomato, Paytm, and PB Fintech showed notable gains. Foreign institutional investors significantly increased their stakes, supporting the growth of these companies.
ETMarkets Smart Talk: Sensex@80K! Sahil Kapoor recommends multi-asset allocation strategy for new investors
Sahil Kapoor from DSP Mutual Fund advised retail investors to prioritize a balanced investment approach combining equities and debt. He suggested a multi-asset allocation strategy, warned against high-risk investments like microcaps, and stressed the need for aligning investments with financial objectives. Kapoor highlighted the importance of focusing on quality and large-cap stocks.
Fair pricing, macros aiding listing pop for new-age tech IPOs: SoftBank’s Sumer Juneja
The Masayoshi Son-led Japanese group’s cumulative holdings across the three recently listed companies, Ola Electric, FirstCry and Unicommerce, stand at about $2 billion following their market debut. Sumer Juneja credited domestic mutual funds for boosting demand.
If our markets have to grow, we need more homegrown companies to list: Nithin Kamath on new-age IPOs
Zerodha cofounder Nithin Kamath was lauding the stellar debuts of new-age companies Ola Electric, Unicommerce and FirstCry in his post. He highlighted the need for more Indian companies to list to enable capital markets to grow.
Groww EV ETF garners Rs 130 crore from 1.7 lakh investors
The new fund offer or NFO of Groww Nifty EV & New Age Automotive ETF and Groww Nifty EV & New Age Automotive ETF FOF have collected over Rs 130 crore. The funds have registered the collection from over 1.7 lakh investors.
Why Sudip Bandyopadhyay is betting on power, construction, infra, and new tech stocks
Sudip Bandyopadhyay discussed the US economy's growth prospects and its impact on IT spending, despite recession concerns. He commented on the performance of Tata Motors, Ola Electric, and Rail Vikas Nigam, while emphasizing cautious optimism about the auto and infrastructure sectors. He also mentioned maintaining investments in infrastructure, construction, power, and new-gen companies like Delhivery.
New-age IPOs hit D-Street; and other top tech, startup stories this week
Welcome to a brand new edition of our weekend newsletter – ETtech Unwrapped. This week, it was raining IPOs on Dalal Street, with new-age companies Ola Electric and FirstCry announcing their public issues.
Jonathan Schiessl not worried about short-term moves; prefers largecaps in these 3 sectors
Jonathan Schiessl, Deputy CIO at Westminster Asset Management, emphasized their medium to long-term investment strategy, favoring financials and large-cap consumer companies despite short-term market movements. He acknowledged overextension in smaller caps while advocating for selective investment in dominant new-age tech firms that can sustain growth. Schiessl remained committed to financials and capital goods sectors.
Why Groww Mutual Fund is launching EV ETF & FOF? Varun Gupta explains
Groww Mutual Fund launched its first ETF and FOF focusing on the EV sector, aiming to capitalize on India's goal to boost EV penetration from 5% to 30% by 2030. CEO Varun Gupta highlighted government policies and rising consumer demand as key growth drivers, alongside potential job creation. ETF offers broader investment opportunities in the EV supply chain.
Can driving an auto-rickshaw combat loneliness? Bengaluru's Microsoft techie thinks so
A Microsoft engineer in Bengaluru has taken to driving an auto-rickshaw on weekends to combat loneliness, sparking a lively debate on social media. Venkatesh Gupta shared a photo of the engineer wearing a Microsoft hoodie while driving, which quickly went viral. Reactions varied, with some expressing empathy for the engineer's situation and others questioning the authenticity of the claim.
2 top stock recommendations from Rahul Sharma
On the IT pack, Tech Mahindra is something that we like. The kind of catch up that this stock has to play as compared to the IT index, as compared to some of the other names is huge.
Are FIIs getting into a big buy mode in India? Dipan Mehta answers
On days of positive FII flows largecap stocks will do exceptionally well because those are the ones that they really are targeting and if FII buying, even FII selling, stops in some of the largecap index stocks, local money will ensure that the stock prices move up, says Dipan Mehta
Sanjiv Bhasin picks top stocks that may outperform in near term
We think the market has retraced very sharply, more sharply than we thought. This is not the time to be too brave, be watchful of what stocks you buy. ABFRL was a darling stock, in the last three days it is up 30%, so has been AB Capital and Vodafone. We think that group is being re-rated. Look for any opportunities to buy.
A quarter of hits & a few misses; and other top tech, startup stories
Welcome to another edition of ETtech Unwrapped – our weekend newsletter. This is Pranav Mukul in New Delhi. This week we’ve wrapped up another compelling quarterly earnings season for listed new-age companies from Zomato and Delhivery to Paytm and PB Fintech.
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