Indian markets remain choppy, but investor opportunities continue to emerge across banking, autos, consumption and select digital stocks, says Sudip Bandyopadhyay, Group Chairman, Inditrade Capital. In an interview with ET Now, he outlined where he sees clear value—and where caution is warranted.IndusInd Bank: Buy now, but wait a yearBandyopadhyay remains bullish on IndusInd Bank, which trades near 1x book value, calling the valuation “very attractive.” He believes the management reboot under Rajiv Anand, promoter capital infusion, and loan book clean-up are positives.But investors must stay patient: “Buy now, but wait at least a year for the turnaround to reflect in numbers,” says Bandyopadhyay.He flagged that unsecured and microfinance loans still need cleanup, but long-term prospects remain strong.Sammaan Capital: Delay risk after SC observationsOn Sammaan Capital, he advised caution. Regulatory approvals for fresh fund infusion may now face delays due to the Supreme Court’s directive for deeper investigation. “Better to stay away till capital actually flows in,” he said.M&M, Mahindra Lifespaces among top Mahindra picksBandyopadhyay remains optimistic on Mahindra & Mahindra, backed by strong SUVs, tractor recovery, and improving EV traction. He also likes Mahindra Lifespaces, citing strong promoter backing and attractive long-term potential amid the real estate upcycle.Reliance: ARPU hike, Jio listing could spark a breakoutReliance Industries may see its next major rally once two triggers play out:Full benefit of the Jio ARPU hike in the next quarterTelecom business listing (expected H1 2025)Further value unlocking in retail and steady O2C margins also improve the outlook.“Long-term investors can still buy Reliance even at current levels,” he said.Asian Paints: Strong Q2, but valuation too richThough Q2 numbers beat expectations, Bandyopadhyay does not recommend buying Asian Paints due to:Intensifying competition from Birla Opus and Jindal–DuluxHigh valuationsPossible shifts in demand post-monsoon“Great company, but too expensive and competition is heating up," says Bandopadhyay.Groww still strong; Lenskart too expensiveAmong newly listed platforms:Groww: Long-term positive due to leadership in broking, margin funding potential, and upcoming wealth/insurance expansion.Lenskart: Valuation “very rich” for a largely physical retail business.PhysicsWallah: Decent long-term story but valuation not cheap.IT stocks: ‘Anti-AI’ rallies misleading—prefer niche playersBandyopadhyay remains unconvinced about Indian IT overall due to:Margin pressureWeak new client spendingLack of AI capabilitiesBut he prefers niche IT names in:Travel-tech (RateGain, Coforge)Auto-tech (Persistent, Tata Technologies)Kotak Bank vs PSU banks: PSUs clearly aheadWhile Kotak’s Q2 was strong, valuation still doesn’t justify the risk as unsecured loan concerns persistand the stock is trading well above cheaper PSU options,He prefers PSU banks like SBI, Bank of Maharashtra, Central Bank of India, calling them “significantly undervalued with cleaner balance sheets.”So, from IndusInd’s deep-value turnaround to Reliance’s upcoming catalysts and PSU banks’ attractive valuations, Bandyopadhyay’s call is clear:Focus on value and structural triggers—not hype.
- News Source Indiatimes (Click to view full news): CLICK HERE
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