Latest news with #MaheshPatil
Hindustan Times
23-06-2025
- Hindustan Times
MPSC announces mandatory Aadhaar-based KYC to curb dummy candidates
Candidates appearing for the Maharashtra Public Service Commission (MPSC) exams will be required to complete KYC (Know Your Customer) verification through the MPSC application system before they can apply for exams. The move is seen as an effort to curb irregularities in the process. If a candidate fails to complete the KYC process before filling out the application form, their application will not be accepted. This new rule will come into effect on July 15. While candidates can complete the verification process at any time before the deadline, it is advised that they do so as soon as possible. (REPRESENTATIVE PIC) Since March 2017, the MPSC has allowed candidates to enter their Aadhaar number in their profile for identity verification on its online platform. The Unique Identification Authority of India (UIDAI) has granted permission for voluntary Aadhaar-based authentication at various stages of the recruitment process. Candidates registering for the first time on the MPSC system must provide a mobile number and email address. However, due to the mandatory Aadhaar-based verification system, candidates must now provide a mobile number linked to their Aadhaar. This new rule will come into effect on July 15. While candidates can complete the verification process at any time before the deadline, it is advised that they do so as soon as possible. After completing the KYC process, only one account will be allowed in the MPSC system. Multiple accounts will automatically be deactivated. 'There have been instances of dummy candidates appearing for the MPSC exams. To address this issue, the commission has taken this significant step to ensure proper verification and prevent exam fraud,' said SIAC faculty member Sushil Ahirrao. He added, 'In previous MPSC exams, some candidates used old hall tickets. Now, Aadhaar verification will be conducted both during the application process and at the time of entry into the exam hall. This double verification system will enhance transparency and help maintain the integrity of the process.' With this new system, the MPSC aims to effectively control the problem of dummy candidates and other exam-related scams. Mahesh Patil, an MPSC aspirant, expressed support for the initiative. 'It's a welcome move, and it's reassuring to see the commission taking steps to ensure fairness in the exams. However, we request the commission to implement a more consistent and regulated exam schedule, similar to UPSC.'
Economic Times
11-06-2025
- Business
- Economic Times
Go bottom-up to grab opportunities in mid & smallcaps: Shibani Sircar Kurian
Live Events You Might Also Like: How will midcap and smallcaps perform vis-a-vis largecaps going ahead? Mahesh Patil explains (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel , Senior EVP, Sr. Fund Manager & Head -Equity Research,, says Q4 FY25 earnings exceeded muted expectations, particularly for largecaps and select midcaps, setting a positive tone for FY26. Double-digit earnings growth is anticipated for FY26, contingent on a stable domestic macro and supportive policies. While valuations are elevated, largecaps offer a better risk-reward profile, though opportunities exist in mid and smallcaps requiring a bottom-up approach.: Yes, we have had an exciting week with a lot of policy action. But what has been a standout for us in the market has been that domestically, most of the macro parameters, especially in context of what is happening globally with the trade and tariff war as well as geopolitical tensions, domestic macro seems to be holding up fairly reasonably well and, of course, the policy push from a monetary side which we have seen over the last week or rather this entire calendar year to date and liquidity improving overall. The other factor is that the market will clearly focus on the earnings when one looks at Q4 FY25 earnings, despite the fact that expectations were muted, the earnings delivery was better than expectations, especially where the largecaps and a select few midcaps were concerned and therefore, that sets the trend in terms of how earnings possibly pans out for FY26. On a mid single-digit earnings delivery for 25, now the consensus expectation for FY26 is of double-digit earnings growth and if the domestic macro continues to hold up and there is support in terms of growth from a policy perspective, hopefully earnings should start to improve at a moderate pace and that should be the factor that the market looks out a valuation standpoint, our markets are not cheap and given the current run-up, we believe that from a risk-reward perspective, largecaps still continue to be better placed than mid and smallcaps. But there are opportunities in mid and smallcaps and therefore, one has to be more bottom-up in that segment. The mid and smallcaps continue to trade at a premium to their long-term average is a space where we believe there are quite a few triggers. One, as you rightly mentioned, the Budget set the tone with the tax benefits that were given to the middle income and the mass segments, and therefore that should help in terms of boosting second is, of course, interest rates have come down with the RBI cutting policy rates by 100 basis points calendar year to date and the CRR cuts which are to follow. From that perspective, the interest rate burden on the consumer should also start to come third factor for consumption is the monsoons. Hopefully, as per what has been the initial estimates, monsoons this time around are normal and that will help in terms of boosting rural income. When you look at the income buckets within rural and urban areas, we have been seeing that rural income levels have started to improve and with inflation coming down, real rural wages have improved considerably over the last year and that is possibly supporting has been missing has been the urban mass consumption demand and hopefully now with rates being cut and the impact from the Budget will help in terms of higher disposable income. Some amount of that urban consumption should start to come back and therefore, the consumer discretionary pack, especially in terms of mass consumption, is a segment that should likely benefit in this current policy environment and overall macro environment.
Time of India
05-06-2025
- Business
- Time of India
How will midcap and smallcaps perform vis-a-vis largecaps going ahead? Mahesh Patil explains
Mahesh Patil , CIO, ABSL AMC , says in the post-Covid period, mid and small-cap companies experienced higher earnings growth compared to large-caps, fueled by increased investment and sector re-evaluation. While earnings growth has converged and valuations have corrected, mid and small-caps still offer a better long-term growth outlook, potentially attracting renewed investment despite higher valuations and risk-reward. Though you believe that further rate cuts can be a little negative for the banking space in the short term, this is generally seen to be a positive move for discretionary spending. Within that, the auto turns favourable, the sector outlook, along with that the real estate sometimes gets a push. But this time, do you believe this particular thesis will hold true? Are the valuations comfortable for the stocks to take them up? Mahesh Patil: There are two parts to it. One is urban and the other is rural. Urban is more dependent on to some extent also on interest rates because a lot of urban consumers have got mortgages and with interest rates coming down that should support over there. So, yes, clearly urban consumption can see improvement if we see more rate cuts, whether it is the mortgage sector, whether it is the auto sector. But the rural economy is also very important and there are some tailwinds there on the consumption side. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like この中毒性RPGゲームが大流行中—今すぐ無料でプレイ! BuzzDaily Winners ゲームをプレイ Undo Inflation has been trending down, so the real wages are now looking much better over there. Monsoons have been good. This year the crop output is supposed to be fairly good. All these factors one would expect the rural incomes to be better this fiscal year and that could drive rural good growth. We are also seeing commentary from a few companies coming in that direction. So, given that the outlook for some of these sectors if you talk about whether it is the auto sector, currently the outlook is still weak, we are not seeing any kind of pick up but one can really hope that in the second half after the festive season there could be a pick up over there. Valuations in some of the sectors are not necessarily cheap, but they are reasonable. We have seen this in some stocks in the sector underperforming. So there is nothing really cheap but rather reasonable valuations. It is more about the delta change. If we see the trend changing, then we could see upgrades in the earning cycle and this sector can start to outperform. But I would be more constructive on some of the sectors related to the rural economy rather than urban consumption. The grain of truth here is that small and midcap stocks have rich valuations and there is no second view about it. Yet small and midcap stocks tend to outperform and continue to get inflows. Where is this entire cohort of small and midcaps headed? Mahesh Patil: In the post Covid period, the earnings growth of the midcap and smallcap companies was much higher than the largecap or the broader market and that was one of the factors. Live Events You Might Also Like: Is IT a value buy or a contra buy now? How will NBFCs fare? Mahesh Patil answers Obviously we had seen a lot of money coming into the sector and we saw a rerating of that sector also. So, it is a combination of higher earnings growth and PE multiple expansion which led to the kind of outsized returns in the small and midcap sector. In the last nine months, we have seen that earnings growth has kind of converged a bit for the midcaps, especially if you look at it compared to the largecaps, it is more or less in line, and valuations have also corrected to some extent. But they are still expensive, especially in the midcap space. Now, the question is whether the growth in this midcap and smallcap sectors, at least the outlook over there is better than the largecaps. Post the reset that we saw this year, at least on a bottom-up basis, we are seeing that in the midcap and smallcap universe, the earnings growth is slightly better than the largecap companies. If that is the case, then while the valuations are still higher, if they are able to exhibit better growth, then one can see people moving away from mid and smallcaps. That money will start to again come back into the sector and we have seen early trends of that happening. So, I would say that while the risk-reward is better in the largecap stocks because in a market correction, any kind of a risk-off globally will provide that downside, but in a three-year, five-year view, midcap and smallcap bottom-ups will possibly still in the Indian market see a better growth outlook on domestic side and end up outperforming.
Economic Times
05-06-2025
- Business
- Economic Times
How will midcap and smallcaps perform vis-a-vis largecaps going ahead? Mahesh Patil explains
Mahesh Patil of ABSL AMC suggests mid and small-cap companies may see renewed investment. Despite higher valuations, their long-term growth potential remains attractive. Rate cuts could boost urban consumption, particularly in mortgages and autos. Rural economy shows promise with better real wages and good monsoons. While auto sector outlook is weak, a post-festive season pick-up is possible. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads , CIO,, says in the post-Covid period, mid and small-cap companies experienced higher earnings growth compared to large-caps, fueled by increased investment and sector re-evaluation. While earnings growth has converged and valuations have corrected, mid and small-caps still offer a better long-term growth outlook, potentially attracting renewed investment despite higher valuations and are two parts to it. One is urban and the other is rural. Urban is more dependent on to some extent also on interest rates because a lot of urban consumers have got mortgages and with interest rates coming down that should support over there. So, yes, clearly urban consumption can see improvement if we see more rate cuts, whether it is the mortgage sector, whether it is the auto sector. But the rural economy is also very important and there are some tailwinds there on the consumption has been trending down, so the real wages are now looking much better over there. Monsoons have been good. This year the crop output is supposed to be fairly good. All these factors one would expect the rural incomes to be better this fiscal year and that could drive rural good growth. We are also seeing commentary from a few companies coming in that direction. So, given that the outlook for some of these sectors if you talk about whether it is the auto sector, currently the outlook is still weak, we are not seeing any kind of pick up but one can really hope that in the second half after the festive season there could be a pick up over in some of the sectors are not necessarily cheap, but they are reasonable. We have seen this in some stocks in the sector underperforming. So there is nothing really cheap but rather reasonable valuations. It is more about the delta change. If we see the trend changing, then we could see upgrades in the earning cycle and this sector can start to outperform. But I would be more constructive on some of the sectors related to the rural economy rather than urban the post Covid period, the earnings growth of the midcap and smallcap companies was much higher than the largecap or the broader market and that was one of the we had seen a lot of money coming into the sector and we saw a rerating of that sector also. So, it is a combination of higher earnings growth and PE multiple expansion which led to the kind of outsized returns in the small and midcap sector. In the last nine months, we have seen that earnings growth has kind of converged a bit for the midcaps, especially if you look at it compared to the largecaps, it is more or less in line, and valuations have also corrected to some extent. But they are still expensive, especially in the midcap the question is whether the growth in this midcap and smallcap sectors, at least the outlook over there is better than the largecaps. Post the reset that we saw this year, at least on a bottom-up basis, we are seeing that in the midcap and smallcap universe, the earnings growth is slightly better than the largecap companies. If that is the case, then while the valuations are still higher, if they are able to exhibit better growth, then one can see people moving away from mid and smallcaps. That money will start to again come back into the sector and we have seen early trends of that I would say that while the risk-reward is better in the largecap stocks because in a market correction, any kind of a risk-off globally will provide that downside, but in a three-year, five-year view, midcap and smallcap bottom-ups will possibly still in the Indian market see a better growth outlook on domestic side and end up outperforming.
Time of India
16-05-2025
- Business
- Time of India
Investor interest in defence stocks soars amid India-Pak military conflict
Mumbai: The India-Pakistan military conflict has reignited investor interest in some of the country's largest defence companies. Shares of Cochin Shipyard , Bharat Dynamics , Mazagon Dock Shipbuilders , and Paras Defence and Space Technologies surged between 10% and 35% since April 22-when the terrorist attack in Pahalgam happened, leading to the fighting between India and Pakistan. Nifty India Defence index went up nearly 13% as investors bet that the government may look to boost defence spending again. "Post the recent cross-border tension between India and Pakistan, defence stocks moved in anticipation that India will have to not only replenish its inventory of equipment but also order new ones to keep up its technological edge," said Mahesh Patil, CIO, Aditya Birla Sun Life AMC . "Owing to this, the likelihood of an increase in defence budget could rise faster over the next few years. In addition, it could also open an opportunity for India to export some of the equipment." Analysts said defence companies have enough on their plates. Antique Stock Broking said between FY22 and FY25, the Defence Acquisition Council (DAC) cleared military procurements worth ₹8.45 lakh crore, which is 3.3 times the value approved three years ago. The brokerage said these approvals are expected to convert into actual orders and business opportunities by FY26 and FY27. Live Events Agencies The government's focus on the sector resulted in one of the strongest rallies in shares of defence companies, with the Nifty Defence index shooting up about 350% between July 2022 and July 2024, when these shares peaked out. Subsequently, the index fell 38% till February-end amid the risk-off sentiment in Indian equities that hit the best performers in the previous years the most. Though the sector prospects remain strong, fund managers are wary about the pace of the rebound in these shares. Agencies "While the long-term structural opportunity in the sector remains intact, there is a disparity between current elevated levels and short-term fundamentals," said Patil. Umeshkumar Mehta, CIO, Samco Mutual Fund, said better visibility on the government's focus on the sector is keeping the valuations elevated for the sector. "In the near term, there might be a sharp elevation in terms of stock prices, but in the longer term, the sector is bound to deliver earnings growth considering the focus of the government in the sector," said Mehta. Antique continues to be positive on Mazagon Dock and Garden Reach Shipbuilders & Engineers (GRSE). On Cochin Shipyard , it said, "The stock price outlook for Cochin Shipyard is closely tied to the ordering of an aircraft carrier (IAC-II) on which there is lack of consensus over the urgency and size of the vessel, driving us to temper our stance on the stock."
