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Midcap performance dependent on economic recovery: SBI MF
Sohini Andani, fund manager at SBI Mutual Fund, said over the last year or so, the non-banking finance companies (NBFCs) segment has done well despite a not-so robust loan growth. She expects the stocks in the segment to behave in line with earnings growth in the sector. She asserted that some pockets in the NBFC segment like CVs, where growth has picked up, have shown promise. "Interest rates coming down have contributed to positive expectations," she said. The fund manager, who looks after SBI Bluechip Fund, believes that companies like Titan are getting hit by technology. However, she says Titan stock is "poised for a rebound" on rising discretionary income of consumers. Andani, who also manages SBI Magnum Midcap Fund, said performance of midcap stocks would depend on how strong economic recovery is.
• IL&FS Transportation Network announces re-financing of senior debtGIC leads race to buy 40% in DLF rental arm for Rs12,000 crore. • HPCL and Repco Home Finance fall over 5%. CapitalStars
• IL&FS Transportation Network announces re-financing of senior debtGIC leads race to buy 40% in DLF rental arm for Rs12,000 crore.
ReplyDelete• HPCL and Repco Home Finance fall over 5%.
CapitalStars