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We will continue to see a positive market: Amisha Vora
“Right now India is one of the best performing markets and that itself brings a bit of a momentum. So I think at the beginning of next year also flows will continue to be positive and as we go into the year, I see challenges coming up because one of the other markets which is China has hugely not performed," says Amisha Vora, Chairperson & MD of Prabhudas Lilladher. "So there is a good possibility that a bit of bottom fishing may start when it is just trading at 4-5 PE while Indian markets are trading at 21-22 PE. So a bit of shift in the middle of the year is one possibility. However we will continue to see a positive market, I don’t see huge cuts but a rangebound market.”
Got to make a 16% or 20% return on equity to make it worth the while: Ajay Srivastava
"Equity market is not just about economic and fundamentals as you've all seen, it's also demand and supply, who's buying the equity, what's happening, in India the peer funds have to buy equity every month and the SIPs come in every month. So in India situation will be different," says Ajay Srivastava, CEO of Dimensions Corporate Finance Services. "It is not necessary that the economic bad news comes and suddenly people stop buying the market. The flow of SIP, the flow of the PF money which comes in, all comes in every month, it doesn't matter what the economy does, what RBI is saying or not saying that money just flows in. So the demand of equity in a setup like India is so strong that lots of economic fundamentals do not get reflected in the market, they do catch up some point of time they catch up. Therefore, you have to be wary of investing in this market to get a return, which is risk adjusted higher than debt. It's not about making 8 percent return in equity, that's not good enough, you got to make it a 16 percent return in equity or 20 percent on equity, to make it worth the while."
Buy Heidelbergcement India, Timken India: Dharmesh Shah
Here are two recommendations by Dharmesh Shah, Head – Technical at ICICI Direct:
-- Buy Heidelbergcement India for a target of Rs 234-235 with a stop loss at Rs 185.
-- Buy Timken India for a target of Rs 4,070 with a stop loss at Rs 3,280.
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