Don’t go home yet, market party has just begun: Rahul Shah, MOFSL
In a chat with ET Now, Rahul Shah, AVP, Group Leader-Equity Advisory Group, MOFSL, says the euphoria brings more room to catch the high beta stocks and a lot of stocks are reasonably priced with reasonable growth prospects.
Edited excerpts:
Is it time to cash out or stay in the game?
Stay in the game. The party has just begun and so rather than just going home, I still enjoy the party. We are still advising clients to invest right now.
Are you also telling your clients about dare or die kind of strategy or piecemeal strategy , go bit by bit?
If you look at the market perspective, it should not be piecemeal. You look at individual stock perspective approach rather than looking the Nifty at all-time high. The euphoria brings more room to catch the high beta stocks but still a lot of stocks are reasonably priced with reasonable growth which the managements are talking about. So go for those kind of stocks.
One sector which I have been bullish for quite some time and a couple of times I have also recommended, is the NBFC place, especially housing finance as a theme which I am still bullish on. Continue on the themes which are still there. It will continue to do well going forward as well.
Markets love to hate real estate stocks but this week, markets are lapping up real estate stocks as if there is no problem whatsoever?
Post UP elections results, that entire affordable housing theme that the government has been talking about have been doing well. That is a basic theme where all your midsized real estate stocks have also done well. Most of them, including Kolte-Patil, Prestige or Godrej Properties to some extent, have all done well.
What are you telling clients about ITC and the strong move there? Is there more to go?
ITC is a great portfolio stock. One should continue to hold on. If you look at it and compare it with the entire largcap FMCG portfolio, it is still reasonably valued. So, I would still hold on ITC and strategy would be to buy on declines.
I was asking you for your opinion on Music Broadcast. ENIL has done well in the market. What is the call on the radio industry and within that the new listing?
Obviously, the industry as a whole looks quite attractive. We have got a decent listing also. If you compare between both, obviously the clear winner going forward looks like ENIL which is our favourite bet compared to Music Broadcast which by the way we had recommended because of the listing gains. In terms of valuation and growth perspective and strategy, ENIL stands a clear winner rather than Music Broadcast.
Edited excerpts:
Is it time to cash out or stay in the game?
Stay in the game. The party has just begun and so rather than just going home, I still enjoy the party. We are still advising clients to invest right now.
Are you also telling your clients about dare or die kind of strategy or piecemeal strategy , go bit by bit?
If you look at the market perspective, it should not be piecemeal. You look at individual stock perspective approach rather than looking the Nifty at all-time high. The euphoria brings more room to catch the high beta stocks but still a lot of stocks are reasonably priced with reasonable growth which the managements are talking about. So go for those kind of stocks.
One sector which I have been bullish for quite some time and a couple of times I have also recommended, is the NBFC place, especially housing finance as a theme which I am still bullish on. Continue on the themes which are still there. It will continue to do well going forward as well.
Markets love to hate real estate stocks but this week, markets are lapping up real estate stocks as if there is no problem whatsoever?
Post UP elections results, that entire affordable housing theme that the government has been talking about have been doing well. That is a basic theme where all your midsized real estate stocks have also done well. Most of them, including Kolte-Patil, Prestige or Godrej Properties to some extent, have all done well.
What are you telling clients about ITC and the strong move there? Is there more to go?
ITC is a great portfolio stock. One should continue to hold on. If you look at it and compare it with the entire largcap FMCG portfolio, it is still reasonably valued. So, I would still hold on ITC and strategy would be to buy on declines.
I was asking you for your opinion on Music Broadcast. ENIL has done well in the market. What is the call on the radio industry and within that the new listing?
Obviously, the industry as a whole looks quite attractive. We have got a decent listing also. If you compare between both, obviously the clear winner going forward looks like ENIL which is our favourite bet compared to Music Broadcast which by the way we had recommended because of the listing gains. In terms of valuation and growth perspective and strategy, ENIL stands a clear winner rather than Music Broadcast.
