In spite of the current stock market rally, the focus is still on quality and the entire market will not start flying all at once
The liquidity-driven market rally in India has made investors fearful of a massive and long-term correction. However, Aashish Somaiyaa, Managing Director and Chief Executive of Motilal Oswal Asset Management Company Ltd (MOAMC), thinks a down trend will not last long. In a conversation with Renu Yadav of Money Today, Somaiyaa discusses the current bull run, most lucrative sectors, earnings and returns, and why the US Fed’s rate hike may not affect the Indian market just yet. Edited excerpts:
Markets are now trading near lifetime high. Do you see a correction in the near future?
By philosophy, we at Motilal Oswal AMC are market/index agnostic, bottom-up stock pickers. So, at any time, we are more concerned about the earning power and valuations of some 15-20 holdings we have in our portfolios. Having said that, one can visualise a bit of a lull in the markets in the near term considering we have seen a significant run-up on a year-to-date basis and all triggers such as earnings season and rainfall predictions are now out of the way. There could be a potential upside if there is a surprise out-of-turn rate cut by the central bank. Even if there are no triggers, any decline in the markets is likely to be short-lived as both investors and funds are flush with cash.
What is your take on valuations of stocks across market segments?
この記事は Business Today の July 30, 2017 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Business Today の July 30, 2017 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Pension Scheme - Safety Net
The move to introduce the UPS has evoked mixed reactions. Analysts believe its funding will have limited impact on the fiscal math
The Reit Choice?
Real Estate Investment Trusts (Reits) Are Gaining Traction As Interest Rates Stabilise. But Returns Could Be Affected By Adverse Economic Conditions And Market Volatility
CORPORATE - Calling to Account
The sudden exit of Byju's auditor BDO marks the latest in a long series of setbacks for the edtech firm
EMPLOYMENT: Skills Push
The skill development ministry plans to partner with the UGC to improve the employability of undergraduates
Building on a Vision
L&T'S CHAIRMAN EMERITUS A. M. NAIK HAS BUILT A MAMMOTH ENTERPRISE THAT IS BUILDING A NEW INDIA, FROM ITS METRO RAIL SYSTEMS TO THE RAM TEMPLE
"KYS more important than KYC"
Vijay Kedia is a renowned equity investor; the value of his listed portfolio stands at around ₹1,750 crore
ROXX STAR
THE THAR ROXX COMBINES LUXURY WITH PERFORMANCE TO MAKE A STRONG STATEMENT IN THE MID-SIZE SUV SEGMENT
HIT THE GROUND RUNNING
Smartwatches have become indispensable tools for runners, offering real-time insights into pace, distance, heart rate, and more. Here are a few you can consider
TURNING THE TABLES
INDIA'S FURNITURE MARKET IS POISED FOR A GLOBAL TAKE-OFF. ALREADY, A HOST OF GLOBAL BRANDS HAVE MADE THE COUNTRY THEIR HOME, BUT INDIAN COMPANIES ARE NOT TOO FAR BEHIND
THE EVOLUTION OF ATHERA
IDENTIFYING OPPORTUNITIES IN ADVANCE HAS STOOD THIS BENGALURU-BASED VC FUND IN GOOD STEAD. NOW, WITH A HEIGHTENED FOCUS ON TECHNOLOGY, IT WANTS TO SUSTAIN THE SUCCESS