After a three-year dream run, mid-and small-cap stocks are giving investors nightmares now. The segments were badly battered in the recent market rout.
Mahesh Patil is a market veteran who has spent over 27 years in fund and investment management. He is currently co-chief investment officer spearheading equity investments at Aditya Birla Sun Life AMC.
While international natural rubber prices have remained quite volatile since September, prices in the domestic market have been declining continuously. But by mid-November prices in both markets are expected to revive on year-end demand.
The worst is not over for all NBFC stocks and it’s the time when men will be separated from boys.
Strong growth in domestic demand and elevated pellet prices have shored up prices of iron ore. Over the past six months, while global iron ore prices have been fairly steady at $65-70 per tonne, domestic rates have zoomed 40-45 per cent year-on-year.
It’s the festive season and e-commerce companies are raking in the moolah. E-commerce companies are estimated to have made sales in excess of Rs 15,000 crore during the five days of festive deals.
After slowing for the last few months, tractor sales turned negative in September. It declined 12.3 per cent in September and Q2FY19 ended on a flat note. A very high base of 101,228 units in September 2017 played its part as last year festivals started early and Navratri was in September.
When the market is suspicious of a sector, even the smallest excuse is enough to pull the shares of that sector deep down. That was what probably happened to the financial sector last week. The rating of a regional builder was downgraded to default grade by a rating agency.
An investor can never control market movement, as this is a function of numerous variables. But an investor can certainly control his/her response to market movements. The sad part is, mostly, this reaction turns out to be the opposite of what it should be.
Mahesh Patil, co-chief investment officer of Aditya Birla Sun Life AMC, has 22 years extensive experience in fund and investment management, equity research and corporate finance. He joined the firm in 2005 as fund manager and was elevated as head of equity in 2008.
Steep hike in crude oil prices and alarming depreciation of the rupee are two key concerns for the market at this point in time. With currency being highly volatile, market sentiments are also getting adversely impacted.
Castor seed prices have been moving up since June due to estimates of lower production. With fundamentals continuing to support, prices are expected to move up further in the coming months.
Cumin seed (jeera) is caught in a piquant situation.
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The all-India cement prices declined by Rs 2 per bag to Rs 326 per bag in October as per our channel checks. Prices declined in east, south and north by Rs 3-5 per bag during the month but increased marginally in central, western regions.