Market Views: The last one year has not been one of great returns for the market. But the market mood is expected to improve in the new Samvat. What will be the theme of earnings in the new Samvat, in which sectors and shares good money will be made? discussing this specifically DEEPAN MEHTA, DIRECTOR OF ELIXIR EQUITIES Said that in the new Samvat, there will be improvement in corporate earnings which were flat for the last two years. The economy has improved due to reduction in interest rates and GST rates. The market is keeping an eye on the tariff issue with America. If there is a positive improvement in the tariff issue with the US, then there can be another trigger for the market to rise. Deepan Mehta further said that we have full hope that the market will give excellent returns in the new Samvat.
Possibilities of rise in these shares
In this conversation, he further said that there had been correction in growth companies in the last few quarters. Although his earnings have increased. Our focus is Renewable Energy, Solar Equipment, Solar Engineering Construction Company sectors are looking very good. Apart from this, stocks of jewelery companies (Senco Gold, Titan, Kalyan Jewellers) are also getting good comfort. Whereas in the travel and tourism sector, stocks like Yatra Online, BLS Intl SVCS are looking quite good. All these companies are high growth companies which are available at reasonable valuations.
Still away from IT companies
If we look at the quarterly results so far, the results of big sectors have been mixed. If we look at the bank sector for example. Axis Bank’s results were not much better, but ICICI Bank’s results were good. The best results were from PSU banks. The results of Bank of Baroda, PNB, Bank of Maharashtra were good. IRDEA results in NBFC were good. We do not recommend investing in all largecap companies in the software space.
He further said that they are away from IT companies right now, although midcap IT results were good.
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