Economy

Top market and economy voices on Karnataka stamp duty cut, value investing, summers, and more

Read more at www.cnbctv18.com

Market

Updated : March 09, 2021 06:53 PM IST

Here is what market gurus and industry captains said about the near-term trajectory on March 9, 2021.

 On Karnataka stamp duty cut |  Irfan Razack, CMD, Prestige Group:  Whatever has been done is a positive move, this will make homebuyers save money and will also make them come in to buy homes within their budgets. However, he believes this is too little that has been done because Maharashtra did it one stroke, 50 percent stamp duty across all segments. I wish Karnataka also has done that bold move.   Catch the conversation here.

On Karnataka stamp duty cut |  Irfan Razack, CMD, Prestige Group: Whatever has been done is a positive move, this will make homebuyers save money and will also make them come in to buy homes within their budgets. However, he believes this is too little that has been done because Maharashtra did it one stroke, 50 percent stamp duty across all segments. I wish Karnataka also has done that bold move. Catch the conversation here.


 On CNG | Shashank Srivastava, ED-marketing and sales, Maruti Suzuki:  CNG has come out as a viable proposition and in fact, it’s becoming mainstream especially in those areas where you have a lot of CNG stations. The reasons why CNG has gained so much prominence is because it is environment friendly, it is less polluting than other fuels and the cost for running CNG is extremely small.   Catch the conversation here.

On CNG | Shashank Srivastava, ED-marketing and sales, Maruti Suzuki: CNG has come out as a viable proposition and in fact, it’s becoming mainstream especially in those areas where you have a lot of CNG stations. The reasons why CNG has gained so much prominence is because it is environment friendly, it is less polluting than other fuels and the cost for running CNG is extremely small. Catch the conversation here.


 Value investing | Feroze Azeez, Deputy CEO, Anand Rathi Wealth Management:  Over the last few years, midcaps as a segment haven’t done well and that is why midcaps as a universe are quoting at a discounted P/E to large-caps. Last 20 years, they always quote at a premium. So last three years, 6 percent returns are quite disappointed. I personally believe that if you are going in the midcap space, which is the larger canvas for the fund manager, value as a strategy over the next one to one and a half years would be a better efficient strategy to go with.   Catch the conversation here.

Value investing | Feroze Azeez, Deputy CEO, Anand Rathi Wealth Management: Over the last few years, midcaps as a segment haven’t done well and that is why midcaps as a universe are quoting at a discounted P/E to large-caps. Last 20 years, they always quote at a premium. So last three years, 6 percent returns are quite disappointed. I personally believe that if you are going in the midcap space, which is the larger canvas for the fund manager, value as a strategy over the next one to one and a half years would be a better efficient strategy to go with. Catch the conversation here.


 On Blue Star | B Thiagarajan, MD, Blue Star:  Our market share was 12.75 percent last year and as of now we are at 13 percent. We gained marginally during this period. Our goal is to reach the market share of 15 percent by FY23.   Catch the conversation here.

On Blue Star | B Thiagarajan, MD, Blue Star: Our market share was 12.75 percent last year and as of now we are at 13 percent. We gained marginally during this period. Our goal is to reach the market share of 15 percent by FY23. Catch the conversation here.


 On Thermax | Ashish Bhandari, MD and CEO of Thermax:  Over the last three quarters, after the pandemic started, in each quarter our performance has improved. In the last quarter, December, the numbers were almost in-line with where we were a year ago. The next three months, as the weather is starting to get hotter, looks like the economy is also picking up and across the board our order situation continues to get better there as well.   Catch the conversation here.

On Thermax | Ashish Bhandari, MD and CEO of Thermax: Over the last three quarters, after the pandemic started, in each quarter our performance has improved. In the last quarter, December, the numbers were almost in-line with where we were a year ago. The next three months, as the weather is starting to get hotter, looks like the economy is also picking up and across the board our order situation continues to get better there as well. Catch the conversation here.


Published : March 09, 2021 06:53 PM IST

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