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Time of India
08-07-2025
- Business
- Time of India
BFSI sector poised for long-term gains amid liquidity push: Varun Saboo
"I do not see a reason why one has to be thinking twice in terms of how markets can rally. I hear a lot of arguments where people talk about Indian markets being expensive, they are expensive and they will remain expensive for the right reason of growth. So, yes, that is my take on an overall market basis," says Varun Saboo , Anand Rathi Shares. Do you think the index is headed in for some more days of consolidation or is it pegging for a move up or down? Varun Saboo: I would just like to re-mention my positive stance as I have been coming on your show and every time I have been coming and talking about it. This consolidation if anything is an opportunity which one is getting. We can clearly see in the underlying if you do a proper bottom-up and if you look to own stocks after looking at bottom-up ideas, one could make good money. There is good enough move coming when it comes to stock ideas on a bottom-up basis. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Contribute ToGau Seva At Hare Krishna Mandir Hare krishna Mandir Donate Now Undo I do not see any reason why one has to be negative on the markets currently. If we have to see the industry, heavyweight sector something like an IT pack or say consumer pack or overall consumption, consumption discretionary, BFSI the outlook for all of them remains quite optimistic honestly. So, I do not see a reason why one has to be thinking twice in terms of how markets can rally. I hear a lot of arguments where people talk about Indian markets being expensive, they are expensive and they will remain expensive for the right reason of growth. So, yes, that is my take on an overall market basis. But of late, a lot of sector churning at play and at least for today we are seeing the defensives making a comeback. Help us understand how are you seeing the money flowing in and which sectors do you see the move upcoming or rather the fund flow is actually getting more inflows right now and getting attractive? Varun Saboo: See, honestly, defensives are rallying because there has been some correction in the…, it is basically more of a catchup honestly. I mean, some correction in the valuations is what I meant. But honestly across sectors if I see, there is no reason why we should not be optimistic. When it comes to say infra, capital goods, we have seen a lot of activity pick up in the last six months, nine months versus the lull we had seen before that. So, things moved on that front. Live Events Then, we had these series of cuts that we have been seeing rate cuts. We saw a lot of liquidity push from the RBI that gives a lot of positive fillip to BFSI over a longer term. NBFCs benefit in the near term and banks benefit over a period of time. BFSI also has been seeing good enough inflows, flows that we have been seeing, stocks performing quite well, particularly the PSU banks that we saw sharp rally which we saw after the policy. They all rallied more than 10% 15%. There is a catch up pending. Generally, the expectation was that this particular quarter could be weak, but going forward things look very optimistic from a BFSI perspective. So, if anything, there will be opportunity. If there is any opportunity, one should grab it. One should look at accumulating these names out here. Then, there is this entire consumer, consumer discretionary space. Honestly, there has to be a lot of merit to own these names. There has been this Rs 12 lakh tax change which is yet to show. We know about the rate cycle that rates have been on a cut. All these things are extremely pro-consumer. So, I see all these heavyweight sectors doing well. And addition lastly, the IT sector which is more about a play on the US economy. We are seeing some resolutions happening in terms of the trade. We are seeing some optimism around rate cuts there as well. So, from their economy also things should start shaping up well. I am quite optimistic across sectors right now. I do not see any reason to be more skewed towards defensives or more skewed towards growth stocks. All of them should perform and that is where we are extremely positive. Our house call is that index will be at 29,000 soon.
Economic Times
08-07-2025
- Business
- Economic Times
BFSI sector poised for long-term gains amid liquidity push: Varun Saboo
Varun Saboo from Anand Rathi Shares maintains a positive outlook on the Indian market, viewing consolidation as an opportunity. He sees optimism across sectors like IT, consumer discretionary, and BFSI, driven by factors like rate cuts and potential US economic recovery. Saboo anticipates strong performance across both defensive and growth stocks, projecting the index to reach 29,000. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads "I do not see a reason why one has to be thinking twice in terms of how markets can rally. I hear a lot of arguments where people talk about Indian markets being expensive, they are expensive and they will remain expensive for the right reason of growth. So, yes, that is my take on an overall market basis," says Varun Saboo , Anand Rathi Shares.I would just like to re-mention my positive stance as I have been coming on your show and every time I have been coming and talking about it. This consolidation if anything is an opportunity which one is getting. We can clearly see in the underlying if you do a proper bottom-up and if you look to own stocks after looking at bottom-up ideas, one could make good money. There is good enough move coming when it comes to stock ideas on a bottom-up basis.I do not see any reason why one has to be negative on the markets currently. If we have to see the industry, heavyweight sector something like an IT pack or say consumer pack or overall consumption, consumption discretionary, BFSI the outlook for all of them remains quite optimistic I do not see a reason why one has to be thinking twice in terms of how markets can rally. I hear a lot of arguments where people talk about Indian markets being expensive, they are expensive and they will remain expensive for the right reason of growth. So, yes, that is my take on an overall market honestly, defensives are rallying because there has been some correction in the…, it is basically more of a catchup honestly. I mean, some correction in the valuations is what I meant. But honestly across sectors if I see, there is no reason why we should not be optimistic. When it comes to say infra, capital goods, we have seen a lot of activity pick up in the last six months, nine months versus the lull we had seen before that. So, things moved on that we had these series of cuts that we have been seeing rate cuts. We saw a lot of liquidity push from the RBI that gives a lot of positive fillip to BFSI over a longer term. NBFCs benefit in the near term and banks benefit over a period of time. BFSI also has been seeing good enough inflows, flows that we have been seeing, stocks performing quite well, particularly the PSU banks that we saw sharp rally which we saw after the policy. They all rallied more than 10% 15%. There is a catch up the expectation was that this particular quarter could be weak, but going forward things look very optimistic from a BFSI perspective. So, if anything, there will be opportunity. If there is any opportunity, one should grab it. One should look at accumulating these names out here. Then, there is this entire consumer, consumer discretionary space. Honestly, there has to be a lot of merit to own these has been this Rs 12 lakh tax change which is yet to show. We know about the rate cycle that rates have been on a cut. All these things are extremely pro-consumer. So, I see all these heavyweight sectors doing well. And addition lastly, the IT sector which is more about a play on the US are seeing some resolutions happening in terms of the trade. We are seeing some optimism around rate cuts there as well. So, from their economy also things should start shaping up well. I am quite optimistic across sectors right now. I do not see any reason to be more skewed towards defensives or more skewed towards growth stocks. All of them should perform and that is where we are extremely positive. Our house call is that index will be at 29,000 soon.
Economic Times
18-06-2025
- Business
- Economic Times
Market dips are a buy opportunity, not a concern: Varun Saboo
"Fortunately, infra spend has also picked up for the last six months, particularly the government spends which we saw. We have had the boost from RBI which came in in terms of a solid rate cut and then we saw a very good CRR cut also, which helps to infuse a lot of liquidity into the system," says Varun Saboo, Anand Rathi Shares. ADVERTISEMENT Give us your sense on what you are making of the market? Today clearly that uptick we had seen yesterday was very short-lived and that joy has already been wiped off the street. But what are you making of the trading session for the of the week and in the short term as well, any chances of an up move from here given that we have once again seen a little bit of a consolidation today? Varun Saboo: Honestly, I can only say that I see these corrections as an opportunity to buy. One thing is clear, if you see that, I mean you are seeing peak of negative noise being there. Iran-Israel peak of noise is there, still you are not seeing crude react beyond a point, also our markets for that matter. I think that any correction of this sort is just giving an opportunity to add into a country which is the fastest growing in the world. The consumption pattern if you see has not shifted at all. We are still seeing a discretionary spends being at peak. Auto sales going very strong. Across whatever parameters we see, the economy is doing very well. Fortunately, infra spend has also picked up for the last six months, particularly the government spends which we saw. We have had the boost from RBI which came in in terms of a solid rate cut and then we saw a very good CRR cut also, which helps to infuse a lot of liquidity into the system. So, from all perspectives India is looking like a solid place to invest into. I do not see any reason why we need to be worried over here. Any corrections I would strongly suggest that one should be a buyer into these markets. Which sectors do you believe will participate the most and which sectors do you believe have that valuation comfort? Varun Saboo: See, one thing is clear that we are into a situation where consumption is going very strong, so your discretionary spend is where we are very bullish on. Secondly, we are very positive on any interest rate sensitive for that matter. We are clearly in a downward interest rate cycle. Despite everything inflation is remaining under control. I do not see any reason why we have to be worried on any front. The key ideas which I like currently would be one trend which is one of the best proxies to buy in terms of a strong spending pattern on the grassroot level. ADVERTISEMENT I think rural is also picking up materially, so tier II, tier III is a place where you have to be in. Going to be very positive on DMart as well which has a solid asset base, the kind of stores that they have set up, the business model they have set up is brilliant, so that plays out to be very well as well. I have been speaking about Escorts being one of our key ideas. It is yet to play as in the theme, but I think Escorts is going to be the stock of the year in my view. So, these are key three picks which I would really vouch for over here. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
18-06-2025
- Business
- Time of India
Market dips are a buy opportunity, not a concern: Varun Saboo
"Fortunately, infra spend has also picked up for the last six months, particularly the government spends which we saw. We have had the boost from RBI which came in in terms of a solid rate cut and then we saw a very good CRR cut also, which helps to infuse a lot of liquidity into the system," says Varun Saboo , Anand Rathi Shares . Give us your sense on what you are making of the market? Today clearly that uptick we had seen yesterday was very short-lived and that joy has already been wiped off the street. But what are you making of the trading session for the of the week and in the short term as well, any chances of an up move from here given that we have once again seen a little bit of a consolidation today? Varun Saboo: Honestly, I can only say that I see these corrections as an opportunity to buy. One thing is clear, if you see that, I mean you are seeing peak of negative noise being there. Iran-Israel peak of noise is there, still you are not seeing crude react beyond a point, also our markets for that matter. I think that any correction of this sort is just giving an opportunity to add into a country which is the fastest growing in the world. The consumption pattern if you see has not shifted at all. We are still seeing a discretionary spends being at peak. Auto sales going very strong. Across whatever parameters we see, the economy is doing very well. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More Undo Fortunately, infra spend has also picked up for the last six months, particularly the government spends which we saw. We have had the boost from RBI which came in in terms of a solid rate cut and then we saw a very good CRR cut also, which helps to infuse a lot of liquidity into the system. So, from all perspectives India is looking like a solid place to invest into. I do not see any reason why we need to be worried over here. Any corrections I would strongly suggest that one should be a buyer into these markets. Live Events Which sectors do you believe will participate the most and which sectors do you believe have that valuation comfort? Varun Saboo: See, one thing is clear that we are into a situation where consumption is going very strong, so your discretionary spend is where we are very bullish on. Secondly, we are very positive on any interest rate sensitive for that matter. We are clearly in a downward interest rate cycle. Despite everything inflation is remaining under control. I do not see any reason why we have to be worried on any front. The key ideas which I like currently would be one trend which is one of the best proxies to buy in terms of a strong spending pattern on the grassroot level. I think rural is also picking up materially, so tier II, tier III is a place where you have to be in. Going to be very positive on DMart as well which has a solid asset base, the kind of stores that they have set up, the business model they have set up is brilliant, so that plays out to be very well as well. I have been speaking about Escorts being one of our key ideas. It is yet to play as in the theme, but I think Escorts is going to be the stock of the year in my view. So, these are key three picks which I would really vouch for over here.
