Latest news with #Bathini
Economic Times
07-07-2025
- Business
- Economic Times
Should you buy defence or banking stocks now? Kranthi Bathini's sectoral outlook explained
Last week, Indian equity markets remained largely range-bound with mild corrections, just as expected. According to Kranthi Bathini, Equity Strategist at WealthMills Securities, the markets are currently in a consolidation phase but are holding strong above the crucial 25,000 Nifty level, which indicates positive sentiment in the short to medium term. ADVERTISEMENT 'Despite the tight trading range, the market mood remains optimistic. However, global uncertainties, especially around trade deals involving the US, Japan, and China, have kept both foreign and domestic institutional investors in a wait-and-watch mode,' he said. President Trump's recent comments on being 'frustrated' with Japanese trade negotiations also caused jitters across Asian markets. Additionally, the upcoming earnings season and global cues are contributing to the market's cautious tone. When asked about sectors likely to perform well over the next few months, Bathini pointed to defence, consumption, and financials.'The recent Rs 1 lakh crore procurement cleared by the Defence Acquisition Council has created momentum. Stocks in the defence index, across large and midcaps, are already outperforming,' said sees strong order book visibility and earnings potential, especially in sub-segments like drones, aviation, and fighter aircraft. Both PSU and private players look promising for long-term investors, especially on dips. ADVERTISEMENT With a robust monsoon and potential GST cuts, both rural and urban consumption themes look positive. However, Bathini notes a divergence is emerging with regional players gaining ground, which may not yet be fully reflected in listed stocks. Bathini believes banking and NBFCs, both public and private, are attractive, especially for long-term investors. ADVERTISEMENT 'With a recent rate cut and likely further easing, liquidity is improving. This supports credit growth, which is essential for infrastructure, capex expansion, and overall economic momentum,' he sees potential across largecaps and midcaps, depending on investor's risk appetite and time horizon. ADVERTISEMENT Bathini remains neutral to cautious on IT and pharma in the short to medium term due to their dependence on global trends and the ongoing trade deal uncertainties.'Both sectors are heavily linked to US growth. That's a concern right now. But within IT, emerging domestic sub-themes like data centres could be interesting,' he long-term investors (3+ years), Bathini sees merit in accumulating largecap IT stocks on dips, as they're trading near long-term average valuations. ADVERTISEMENT India's defence sector is not just focused inwards anymore. 'With ₹25,000 crore in export targets this year and growing diplomatic ties with African nations, Indian defence manufacturing could soon find strong international demand,' Bathini cost-efficiency compared to Western nations makes it attractive for defence outsourcing in the future. Looking ahead, Bathini expects volatility around the India-US trade deal, but remains optimistic. 'As long as Nifty holds 25,300, we're in a good spot. If the earnings season begins on a strong note, we could see the index moving toward 25,750–25,780. A decisive breakout above that range could trigger further upside.' Disclaimer: Recommendations, suggestions, views and opinions given by the experts/brokerages do not represent the views of the Economic Times (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
07-07-2025
- Business
- Time of India
Should you buy defence or banking stocks now? Kranthi Bathini's sectoral outlook explained
Last week, Indian equity markets remained largely range-bound with mild corrections, just as expected. According to Kranthi Bathini, Equity Strategist at WealthMills Securities, the markets are currently in a consolidation phase but are holding strong above the crucial 25,000 Nifty level, which indicates positive sentiment in the short to medium term. 'Despite the tight trading range, the market mood remains optimistic. However, global uncertainties, especially around trade deals involving the US, Japan, and China, have kept both foreign and domestic institutional investors in a wait-and-watch mode,' he said. President Trump's recent comments on being 'frustrated' with Japanese trade negotiations also caused jitters across Asian markets. Additionally, the upcoming earnings season and global cues are contributing to the market's cautious tone. Sectoral Outlook: Where to Bet Next When asked about sectors likely to perform well over the next few months, Bathini pointed to defence, consumption, and financials. Defence Sector: Riding the Policy Wave 'The recent Rs 1 lakh crore procurement cleared by the Defence Acquisition Council has created momentum. Stocks in the defence index, across large and midcaps, are already outperforming,' said Bathini. Live Events He sees strong order book visibility and earnings potential, especially in sub-segments like drones, aviation, and fighter aircraft. Both PSU and private players look promising for long-term investors, especially on dips. Consumption: Urban + Rural With a robust monsoon and potential GST cuts, both rural and urban consumption themes look positive. However, Bathini notes a divergence is emerging with regional players gaining ground, which may not yet be fully reflected in listed stocks. Financials: Strong Long-Term Play Bathini believes banking and NBFCs, both public and private, are attractive, especially for long-term investors. 'With a recent rate cut and likely further easing, liquidity is improving. This supports credit growth, which is essential for infrastructure, capex expansion, and overall economic momentum,' he explained. He sees potential across largecaps and midcaps, depending on investor's risk appetite and time horizon. Sectors to Be Cautious About Bathini remains neutral to cautious on IT and pharma in the short to medium term due to their dependence on global trends and the ongoing trade deal uncertainties. 'Both sectors are heavily linked to US growth. That's a concern right now. But within IT, emerging domestic sub-themes like data centres could be interesting,' he added. For long-term investors (3+ years), Bathini sees merit in accumulating largecap IT stocks on dips, as they're trading near long-term average valuations. Defence Exports: A New Growth Driver India's defence sector is not just focused inwards anymore. 'With ₹25,000 crore in export targets this year and growing diplomatic ties with African nations, Indian defence manufacturing could soon find strong international demand,' Bathini noted. India's cost-efficiency compared to Western nations makes it attractive for defence outsourcing in the future. Nifty Outlook for this Week (July 7- July 11) Looking ahead, Bathini expects volatility around the India-US trade deal, but remains optimistic. 'As long as Nifty holds 25,300, we're in a good spot. If the earnings season begins on a strong note, we could see the index moving toward 25,750–25,780. A decisive breakout above that range could trigger further upside.'
India Today
23-06-2025
- Business
- India Today
Stock market opening: Sensex, Nifty to crash today after US attack on Iran?
Sensex and Nifty are anticipated to open lower on Monday, influenced by Asian market trends as investors closely monitor potential retaliatory actions by Iran following a US attack on its nuclear Gift Nifty futures, as of 8:10 am, were trading at 25,015, indicating a lower opening compared to the previous close of 25,112.4. Benchmark indexes rose about 1.6% last week, driven by gains in financial sector stocks, which provided some cushion against the geopolitical recent US attack, conducted alongside Israel, marks a big military action against Iran since 1979. Kranthi Bathini, Director of Equity Strategy at WealthMills Securities Pvt Ltd, said that the US has carried out the attacks, but market is slowly trying to habituate it to these geopolitical escalations in the recent past."That is the reason on Friday also market responded in a very positive way, but markets are expected to be in a consolidation phase, around this 25,000 levels of NIFTY, but market also going to observe keenly the further escalation and retaliation from Iran also.," he added. IMPACT OF CRUDE OILCrude oil prices have seen a spike, reaching a five-month-high, adding to market concerns."For markets, how the crude oil behavior that is extremely crucial at this point of time. So, crude oil price and the geopolitical worries, they are going to weigh on the market in the medium to short term. The markets are expected to be in a consolidation phase," Bathini increase in oil prices is particularly problematic for India, which depends heavily on imports for its energy needs, potentially leading to inflation and a rise in the fiscal deficit. The surge in oil prices could also be detrimental to corporate earnings growth as they could raise input Ambala, Co-Founder of Stock Market Today, offered some technical insights, stating, "We can expect Nifty to gain support between 25,000 and 24,950 and notice resistance between 25,260 and 25,300 in this session."Such levels are crucial as traders seek stability amidst the current geopolitical tensions. Most Asian stocks have opened lower, with the MSCI Asia ex-Japan index down over 1%, reflecting these concerns. Additionally, fears that Iran might close the Strait of Hormuz, a critical passageway for global oil and gas, continue to loom large over the market's reaction to these events will be closely monitored by investors looking for signs of stability or further volatility in the coming days.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)Must Watch
India Today
13-06-2025
- Business
- India Today
Air India crash rattles hotel and ticketing stocks, as investor confidence wavers
The tragic crash of an Air India flight near Ahmedabad has not only left the nation grieving but has also shaken investor confidence, triggering a sharp fall in travel and tourism-related stocks on June PLATFORMS STOCKS SEE REDOnline travel companies were among the most affected. Shares of Thomas Cook India fell by 2.39%, trading at Rs 160.03 as of June 13, 1PM. TBO Tek dropped 1.10% to Rs 1,287.40, while Mahindra Holidays slipped 1.47% to Rs and Yatra Online also saw losses, down by 1.18% and 2.73%, respectively. Kranthi Bathini from WealthMills Securities said the decline in travel-related stocks is a short-term effect of the Air India crash. "In the longer run, we expect resilience in air travel. The travel and hospitality industries should do well over the medium to long term," he Bathini doesn't see any major fundamental impact from this one incident. Long-term investors, he said, can continue holding these stocks unless they no longer find them attractively priced. 'If the investor is a long-term investor, they can hold on to the stocks until and unless they don't find any valuation comfort in the particular stock,' he COMPANIES ALSO FEEL THE HEATHospitality stocks followed the downward trend. Shares of Indian Hotels Company (IHCL), the group behind the Taj Hotels, fell by 1.35% to Rs 734.75. Chalet Hotels and Lemon Tree Hotels also saw declines of about 1% and 0.03%, Schloss Bangalore, the newly listed company that operates Leela Hotels, saw its stock dip by over 3% to trade at Rs OPERATORS AND AIRLINES FEEL THE PINCHThe impact wasn't limited to hotels and airlines. Adani Enterprises, which runs the Sardar Vallabhbhai Patel International Airport in Ahmedabad, also saw its shares fall by more than 2%, trading at Rs 2491.40. The airport has been shut for operations following the GMR Airports' shares declined by around 1%. Airline stocks weren't spared either. Shares of IndiGo and SpiceJet also witnessed a decline in their share prices as investors weighed the possible impact of the crash on the TURN CAUTIOUS AFTER CRASHThe crash involved a London-bound Air India flight carrying more than 200 passengers, which went down in a residential area near the Ahmedabad airport. Tragically, nearly all 242 people on board lost their incident has reignited concerns over flight safety, prompting a cautious stance from investors and sending several sector stocks lower in early Watch
Hans India
09-06-2025
- Health
- Hans India
Thousands throng Bathini's famed ‘Fish Prasadam' at Nampally
Hyderabad: Thousands of Asthma patients and persons with breathing issues thronged to the Exhibition Grounds on Sunday to take the famed 'Fish Prasadam' being provided by the Bathini family on the occasion of Mrigashira Karte. Close to 80,000 people consumed the prasadam by midnight and the number is expected to cross over a lakh by Monday afternoon. A septuagenarian died of cardiac arrest while waiting for his turn in the queue lines during the distribution of Prasadam. As part of the century-old tradition, the Bathini Goud's family performed pooja in the wee hours and started the distribution at 9.30 am. Transport Minister Ponnam Prabhakar along with PCC president Mahesh Kumar Goud, Fisheries Corporation Chairman M Sai Kumar and others inaugurated the distribution of Fish Prasadam. The herbal medicine in the form of a paste along with a Murrel fish is inserted into the patient's mouth. If taken for four consecutive years, the medicine cures asthma, believe many patients. This has been challenged by the scientists, rationalists and other experts. Though the number has come down during the last few years, the patients' tryst with the Prasadam is not dying down as there were several who have come for three to four times consecutively. The Prasadam was not distributed during the COVID pandemic period. The administration had made elaborate arrangements for seamless experience for the asthma patients. The premises were barricaded with 42 queue lines with separate enclosures to manage the crowd. There was heavy police bandobust at the Exhibition Grounds maintaining the queue lines. People not only from Telangana and Andhra Pradesh, but several aged persons came from states like Maharashtra, Gujarat, Madhya Pradesh, Odisha, Chhattisgarh, Punjab, Uttar Pradesh, Bihar and other places also arrived, hoping to getting cured from the long pending ailment. Some of them had reached late night on Saturday. While the government provided fish, drinking water, lighting, special buses and other infrastructure, the philanthropist organisations also provided helping hands by organising food, tea and other stalls. The Badrivishal Pannalal Pitti Trust, which has been associated with the Bhathini family, Agarwal Samaj, Kanyakubz Samaj organised a mega food camp for the needy. Similarly, the Jaiswal Samaj and Jadhav Seva Mahila mandal had offered evening snacks to the visitors. Speaking during the occasion, Ponnam Prabhakar said that the Bathini family has been doing a great service to mankind. He said that the family which has been serving the patients should be provided Padmashri by the Centre. He said that the Congress government in the State was also supporting this programme by involving eleven departments. He lauded the Badrivishal Pannalal Pitti Trust for their services, stating that the organisation started their work a week before and provided all the necessary support to the visitors. Recalling his association with the Bathini family since 1995, PCC Chief Mahesh Goud said he had suffered with asthma and recovered after taking the Fish Prasadam. He said that several Pharma companies tried to lure and also threatened them but the family did not buckle under pressure and continued their services. He said that the state government should also recognise their services.
