Consumer, NBFCs, private financials are great themes to bet on, says Basant Maheshwari

Consumer, non-banking financial companies (NBFCs) and private financials are great themes to bet on, said Basant Maheshwari, author and portfolio manager at Basant Maheshwari Wealth Advisors.

Talking on PNB Housing Finance, Maheshwari said, “With its superb management, the mortgage lender is trying to grow at 40-45 percent. If the stake sale is done, these prices could be history.”

According to Maheshwari, PNB Housing Finance is growing at 40-45 percent, doing all the right things, controlling the asset quality, growing into newer smaller tier II, tier III towns and cities.

However, unlike PNB Housing Finance, there is no other housing finance company, which can grow at 12-15 percent, Maheshwari said.

Porinju Veliyath Accepts That He is the Worst Performing Fund Manager in 2018

Ace investor Porinju Veliyath, MD, Equity Intelligence India, said it was safe to selectively pick midcap and smallcap stocks, as some of these stocks offered high margins of safety compared to blue chip stocks. According to him, some structural changes in the economy could also be leading to pain in the market. “The legal system in India is very poor. This is the biggest challenge when investing in small and midcaps and that is why one has to be very smart and extra effort is required to identify companies,” he said.

Mukesh Ambani’s Full Speech at #RILAGM 2018 | 41st Reliance Annual General Meeting

Full Speech | Mukesh Ambani, Chairman & MD of Reliance Industries Limited addresses the 41st #RILAGM #RILAGM2018.
The 41st annual general meeting (AGM) of oil-to-retail-to-telecom conglomerate Reliance Industries Ltd (RIL) was held in Mumbai on 5th July 2018.

Here’s How PR Sundar Made RS 12 Lakh in One Day by Trading in Bank Nifty Options on Expiry Day

Watch full video to know how market expert PR Sundar made money today by trading in Bank Nifty Options on Expiry Day.

Rakesh Jhunjhunwala Exclusive: Biggest Interview of 2018

In an exclusive interview to CNBC-TV18’s Shereen Bhan, India’s ‘big bull’ and a billionaire investor Rakesh Jhunjhunwala of Rare Enterprises said 2017 was a year of extraordinary gains and 2018 will be a year of consolidation.

He said, “I personally feel that markets have had a tremendous rise. We are now correcting and if you look at the long rise that we have had, I would say it is a very poor correction.”

He added, “I believe that bull markets cannot end at these level of profits to gross domestic product (GDP).”

Jhunjhunwala believes that capital investment cycle has just begun. “In 2003-2002, investment to GDP was about 27 percent, savings were about 28-29 percent. By 2008, both were about 37-38 percent. So, you have a level where percentage of profits to GDP is at one of the lowest levels.”

He said the flow of local money into Indian markets is just the beginning and the it is not going to stop.