Saturday, July 5, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

siddharth sedani: Why Siddharth Sedani is bullish on the automobile sector

by Euro Times
October 30, 2022
in Business
Reading Time: 4 mins read
A A
0
Home Business
Share on FacebookShare on Twitter


On the auto ancillary space we are quite positive on , says Siddharth Sedani, Head – Senior VP – Equity Sales & Products Support, Anand Rathi Shares & Stock Brokers.

Edited Excerpts:


We have seen the PSU bank index actually kind of outperform the benchmarks, also the Nifty Bank for the most part of the week. Where do you see PSU bank headed from here on, do you think that they will stage that continued outperformance going ahead? Amongst the PSU bank names, are you liking any other names apart from or because those have been top favourites for most of the analysts of late?

Definitely PSU banking space will be performing well going ahead because the biggest reason is the margins. I think margins will expand in coming quarters because of the rising interest rate scenario. It will definitely improve their margins going forward. We believe in the PSU banking space as you rightly said that SBI and

are all time favourites and SBI is all time favourite for us also in the same space. But we believe PSU banking space is more of a play with the short-term perspective because many of them, whenever traction comes up and builds up in the PSU banking space, definitely perform but with the short term perspective.

Although having said that, we have the most of our conviction on the private banking space with the long-term perspective.

Let us talk about the auto sector. Week gone by has been extremely good for the auto index as well. Second best performing sector as what it had registered but come next week or come this week we will also have the auto numbers come in from November 1st onwards which will give an indication of how the festive season has been for the auto sector, what are your assumptions for that particular space?

Well we are very positive on the automobile space. Starting from the Navaratri times to the Diwali if you look at the passenger vehicle space, the sales numbers have had a 45% jump around four lakh cars which have been sold.

So auto has been seeing strong demand on the ground and the channel checks also suggest the same. But we believe automobile plus auto ancillary both segments look quite interesting to us. It will continue to clock in. We have been seeing a lot of demand coming by the end of November, December, also because of the depreciation benefit and so on and so forth so I believe auto will be a good performer.

Amongst the auto space in the passenger vehicle space I think

is a good addition to that M&M is quite good. On the auto ancillary space we are quite positive on Craftsman Automation added to that we are very positive on UNO Minda kind of stories. So we believe auto ancillary also added to the OEMs will perform well in the coming two quarters.

What about the entire new-age listing and tech platform kind of space because has been coming under pressure, it is below the Rs 1000 mark now, of course, below the issue price as well and to add to that you have Delhivery which has been coming under pressure, it is down 30% in the last one week, one month itself and you also have other names like , etc, that were quite soft in the week gone by, do they become a buy given the correction or would you still avoid this space?

Well I would like to avoid the space not giving a blanket reason to all the stocks but every company has its own reason. If you talk about Delhivery, they have their internal issues in terms of their ordering and delivering platform where there was a lot of chaos and tedious processes where the systems went off and the processes went off so that was one of the reasons.

Apart from that, Zomato as we know that market is not liking the valuation still so every stock has its own story behind but I would not be excited and interested despite the stocks having fallen so much. I would still like to go with those companies, new-age businesses the likes of

, which is more of a productive kind of a business model where it is a per click, per transaction kind of model. So I would like to put my neck out and buy those kinds of stories which are very lucrative, profit making from day one and have a good balance sheet.

What are your picks for the coming week?

My picks would be more based on the investments to be done for the next 9 to 12 months. One is from the banking space which is

. It looks quite interesting, numbers are very strong. I think 19% loan growth, NIMs were better, 50% odd net profit jump. So we recommend a buy with a target of 150.

In the domestic consumption space, what I like is Polycab. We would like to recommend a buy with a target of 3389.

So these two companies look quite interesting. But the unique play from the chemicals is also what I am looking at. Anupam Rasayan is also an attractive buy with a target of 940.

The last stock which I would like to talk about is in the FMCG consumption arena which is

. We recommend a buy for the stock with the target of 2140.

(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)



Source link

Tags: automobileBullishSectorSedaniSiddharth
Previous Post

Activist Starboard takes a stake in Vertiv, and an opportunity to boost margins is in sight

Next Post

Echo Dot with Clock (2022) review: an almost perfect smart speaker

Related Posts

What Moved Markets This Week

What Moved Markets This Week

by Wall Street Breakfast
July 5, 2025
0

Looking for Alpha's Calls Of The Week NextEra Power (NEE) Turns Headwinds Into Strategic Leverage.BST: Engaging Magnificent 7-Heavy CEF With...

Crude oil prices may rebound as supply tightens and geopolitical tensions ease, say experts

Crude oil prices may rebound as supply tightens and geopolitical tensions ease, say experts

by zee business
July 5, 2025
0

Crude oil costs may even see a restoration within the close to time period as constructive indicators emerge from the...

NSE vs BSE: How the two stock exchanges fared on financial parameters in FY25 – Exchange Dominance

NSE vs BSE: How the two stock exchanges fared on financial parameters in FY25 – Exchange Dominance

by ETMarkets.com
July 5, 2025
0

Though BSE, established in 1875, is Asia’s oldest inventory alternate, it's NSE—based in 1992—that has come to dominate India’s markets....

What Women Want And Do Not Want In 2025

What Women Want And Do Not Want In 2025

by Khushi Maheshwari
July 5, 2025
0

Gone are the times, hopefully, when harassing a girl on a shifting prepare was seen as 'peak romance'. The 'unhealthy...

Luma Fertility raises  mn seed funding led by Peak XV’s Surge

Luma Fertility raises $4 mn seed funding led by Peak XV’s Surge

by Euro Times
July 5, 2025
0

The funding will help development past Mumbai over the subsequent two years, tapping into India’s quickly rising fertility providers market....

Microsoft shuts down Pakistan operations after 25 years, claims founding CEO; Ex-Pak President calls it a troubling sign for economy

Microsoft shuts down Pakistan operations after 25 years, claims founding CEO; Ex-Pak President calls it a troubling sign for economy

by Euro Times
July 4, 2025
0

Microsoft has formally exited Pakistan after 25 years of operations, based on the CEO who launched the tech large’s presence...

Next Post
Echo Dot with Clock (2022) review: an almost perfect smart speaker

Echo Dot with Clock (2022) review: an almost perfect smart speaker

BTC Nears ,000, ETH Above ,640 on Saturday – Market Updates Bitcoin News

BTC Nears $21,000, ETH Above $1,640 on Saturday – Market Updates Bitcoin News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Will UAE residency be affected if you apply for citizenship in other countries? GDRFA chief clarifies rules | World News

Will UAE residency be affected if you apply for citizenship in other countries? GDRFA chief clarifies rules | World News

July 5, 2025
BNB Gets Big Backer as Nano Labs Begins Billion-Dollar Accumulation

BNB Gets Big Backer as Nano Labs Begins Billion-Dollar Accumulation

July 5, 2025
Cathie Wood Suggests Government Settlement in Bitcoin Shift

Cathie Wood Suggests Government Settlement in Bitcoin Shift

July 5, 2025
Kenyan president plans to build huge church at his official residence

Kenyan president plans to build huge church at his official residence

July 5, 2025
Things Are About To Get Very Ugly For Republicans Who Voted To Cut Medicaid And SNAP

Things Are About To Get Very Ugly For Republicans Who Voted To Cut Medicaid And SNAP

July 5, 2025
MDLZ Quantitative Stock Analysis | Nasdaq

MDLZ Quantitative Stock Analysis | Nasdaq

July 5, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Will UAE residency be affected if you apply for citizenship in other countries? GDRFA chief clarifies rules | World News

BNB Gets Big Backer as Nano Labs Begins Billion-Dollar Accumulation

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In