Puneet Wadhwa

All stories by Puneet Wadhwa

'In the short term, the markets may remain weak due to rising Covid cases'

'In the short term, the markets may remain weak due to rising Covid cases'

Rediff.com7 days ago

'In the short term, we may see some disruptions due to Covid, but in the medium-to-long term, we should keep an eye on US inflation and 10-year bond yields.'

Normal monsoon to boost stocks of agri-related companies

Normal monsoon to boost stocks of agri-related companies

Rediff.com27 Apr 2021

Agriculture activity, according to recent channel checks by Prabhudas Lilladher, is expected to continue at a strong pace in FY22.

UBS bets on EMs; India among most preferred destinations

UBS bets on EMs; India among most preferred destinations

Rediff.com27 Apr 2021

Over the next three - six months, UBS believes earnings will be the main driver for EM equities outperformance.

'India remains investment destination'

'India remains investment destination'

Rediff.com23 Apr 2021

'Rising Covid cases and localised lockdowns are being closely monitored.'

Oxygen diversion may not hurt industry just yet

Oxygen diversion may not hurt industry just yet

Rediff.com22 Apr 2021

However, a prolonged and intense second wave that curtails oxygen supply to industries for a longer-than-expected period will exacerbate downside risk in affected sectors

Covid lockdowns to cost India $1.25 bn a week: Barclays

Covid lockdowns to cost India $1.25 bn a week: Barclays

Rediff.com13 Apr 2021

If the current restrictions remain in place until the end of May, we estimate that the cumulative loss of activity could amount to around $10.5 billion, or around 0.34 percentage point (pp) of annual nominal gross domestic product, say Barclays economists.

'Investors who feel nervous at higher valuations should not exit equities'

'Investors who feel nervous at higher valuations should not exit equities'

Rediff.com6 Apr 2021

'They can shift to dynamic asset allocation funds to automatically rebalance their equity exposure.'

Jefferies' Chris Wood cuts back on India exposure over Covid

Jefferies' Chris Wood cuts back on India exposure over Covid

Rediff.com3 Apr 2021

However, despite Covid, Indian markets registered their best financial year performance in a decade, with the Sensex and Nifty50 rallying 68 per cent and 71 per cent, respectively, in FY21.

Analysts bullish on PSU stocks on divestment hope

Analysts bullish on PSU stocks on divestment hope

Rediff.com25 Mar 2021

The divestment process, however, will not be an easy affair as there are multiple stakeholders, including the employee unions, whose concerns will have to be addressed.

A word of caution for investors as market risks rise

A word of caution for investors as market risks rise

Rediff.com19 Mar 2021

The markets have been unable to sustain at higher levels as a rise in bond yields globally, especially in the US have dented sentiment. Surging commodity prices, especially crude oil that have now hit $70 a barrel (Brent) coupled with inflation woes and fear of sporadic lockdown across major economic hubs back home as Covid cases rise have chased the bulls away. In the short-term, analysts expect the markets to remain volatile as they react to news flow - both from overseas and developments back home. Investors, they say, need to keep a tab on how the US treasury yields move, which in turn will have a ripple effect on how big money moves across developed (DMs) and emerging markets (EMs), including India.

Should you buy RIL stock? Most analysts say yes!

Should you buy RIL stock? Most analysts say yes!

Rediff.com18 Mar 2021

Despite a massive underperformance at the bourses since the last six months, analysts are turning optimistic on Reliance Industries (RIL). Those at Jefferies, for instance, say that the company is a proxy play for India's consumption growth story. The key catalysts for the stock, according to a Jeffries note, include faster-than-expected market share gain in retail, oil-to-chemicals (O2C) stake sale, recovery in gross refining margins (GRM), potential public listing of Jio and even a possible banking licence going ahead. That apart, analysts feel any tariff hike in Reliance Jio (RJio) - its telecom venture - will also aid performance. With balance sheet adequately de-levered, proceeds from a strategic stake sale in the O2C business will create a sizeable war chest for the company, analysts say.

BSE small-cap index hits new intra-day high, holds out hope

BSE small-cap index hits new intra-day high, holds out hope

Rediff.com13 Mar 2021

The current up move, according to analysts, closely resembles the rally post the global financial crisis in 2008-09, not just in quantum and speed, but also the way small-and mid-cap indices outperformed large-cap peers.

Cool prospects for consumer durable firms as temperature set to soar

Cool prospects for consumer durable firms as temperature set to soar

Rediff.com4 Mar 2021

IMD expects day temperatures to remain above-normal in select regions across the country between March and May 2021.

Investors bet big on cyclicals as economic recovery gathers pace

Investors bet big on cyclicals as economic recovery gathers pace

Rediff.com18 Feb 2021

sharper-than-expected economic recovery back home, analysts say, can fuel a further rally in domestic cyclicals, industrials, and financials as global central banks continue with their easy money policy.

'India is Asia's best post-Covid recovery story'

'India is Asia's best post-Covid recovery story'

Rediff.com14 Feb 2021

Christopher Wood, global head of equity strategy at Jefferies reiterate his bullish view on Indian equities on the back of a steady fall in Covid cases coupled with a sharp economic recovery in India, reports Puneet Wadhwa.

Rally in auto stocks may pause for now, say analysts

Rally in auto stocks may pause for now, say analysts

Rediff.com11 Feb 2021

Auto companies are now grappling with a slowdown in sales, triggered by pent up demand due to the COVID-led lockdown easing a bit and supply-side issues for raw material.

DLF, Sobha: A good time to buy real estate and related stocks

DLF, Sobha: A good time to buy real estate and related stocks

Rediff.com9 Feb 2021

Analysts, however, suggest investors remain selective on realty stocks and buy only where there is revenue visibility and a credible promoter backing.

How brokerages read Budget 2021

How brokerages read Budget 2021

Rediff.com3 Feb 2021

PSU divestment, LIC IPO, fiscal deficit: Budget 2021 marks a clear change in the Modi government's stance from fiscal conservatism to growth orientation.

Morgan Stanley ups Sensex target to 55,000; bullish on cyclicals, midcaps

Morgan Stanley ups Sensex target to 55,000; bullish on cyclicals, midcaps

Rediff.com3 Feb 2021

Very gradual fiscal consolidation glide path with looser-than-expected fiscal policy; good quality spending mix and reasonable assumption on fiscal math; and focus on privatisation, asset monetisation and long-term funding for infrastructure investments, according to Morgan Stanley, are the three key themes from the Budget 2021.

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