![]() I try to understand what Vedanta is doing. I really do not think there is too much potential here till we see some major improvement happening there which is not likely very soon. One has more opportunities in other housing finance companies which are doing much better than LIC Housing. There have been instances of developer issues and some other issues. They kept coming out with these bad sets of results even earlier. Their ROAs fall between 1-1.2 which is really not good as far as NBFCs like LIC Housing Finance is concerned. They have not been able to improve their ROAs despite their size. We have always been very positive about the valuations but we always get this stock cheaper than other stocks. But if I look at the 2 or 3-year trajectory of LIC Housing Finance, despite being a subsidiary of LIC, the company has disappointed? Yes, I absolutely agree with you. A lot of brokerages are calling it a bump not a trend and they believe that what they have reported for the quarter gone by is a one-off. While the sector is booming, LIC Housing Finance’ set of numbers have turned out to be howlers. ![]() A couple of quarters of good improvement can make a case for buying something like Nykaa. We pick stocks purely on valuations but if we do not get valuation comfort, we will not really look into the stock even if we miss opportunities like the good rebound in Nykaa, we really did not use this opportunity and I feel that there is still a long way to go and one needs improvement in the profitability. So I would go for Bikaji.ĭid you use the recent selloffs to buy and enter any of those stocks? Actually even after the fall that we saw in Delhivery or Nykaa, the stocks are still not that attractive on fundamentals. Would you go for Bikaji Foods IPO or would you go for Medanta? I would prefer Bikaji Foods out of the two IPOs.Medanta is doing well and the IPO is coming closer to what other listed stocks are trading at, maybe at a slight discount to that but still I think that once the inflation comes down, the food market is where companies will improve the profit going ahead. I am still positive on the hospitals and going ahead also, I feel realisation and profitability should improve. They have different other facilities like medicines being available in the hospital and there are so many different variables where they can generate income and take out the required costs which are required in the hospital. Going ahead, the realisation will improve further and there is definitely more scope as far as even OPDs are concerned. Now, hospitals are able to focus on other facilities and other treatments are more lucrative for them. Post Covid, we are coming back to other ailments and diseases which had been put on the back burner. I think post Covid, people have become much more careful about health and no one wants to take a chance now. There are a lot of factors which are working for the hospital industry per se. Indian healthcare has become an important benchmark for global healthcare services. Whenever there is big money chasing you, larger stocks and HDFC and HDFC Bank should be among the favourites there. Whenever we see FII buying coming, like in the last few days, we saw FIIs investing in the market and so we saw a decent movement in HDFC, HDFC Bank. The stock has definitely been one of the FII favourites. I am still positive and if one has a little longer-term perspective, one should be buying the stock on whatever dips. because the merger ratio means you get HDFC Bank cheaper. I am very positive and I think it is better to buy HDFC Ltd. But once this merger is through, it becomes a very strong company and they will still continue with a 15% odd growth going ahead. I think that is what has played out on HDFC, HDFC Bank price action and the stocks have been slower than what other financials have done.
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