Economy

Top market and economy voices on markets, Nazara Tech, crude oil, and more

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Market

Updated : March 31, 2021 06:48 PM IST

Here is what market gurus and industry captains said about the near-term trajectory on March 30, 2021.

 On Stock Market | Randy Watts, CIO of O'Neil Global Advisors:  We feel great, long-term, about India. We like certain growth stocks and one of the names we like is Affle India, which is a technology company. We like some of the bigger stocks like Vinati Organics and Infosys as half of its revenues come from digital services. We still like Reliance which is going to benefit from energy prices rising and is also doing well on the telecom side where average revenue per user (ARPU) is rising.   Catch the conversation here .   

On Stock Market | Randy Watts, CIO of O’Neil Global Advisors: We feel great, long-term, about India. We like certain growth stocks and one of the names we like is Affle India, which is a technology company. We like some of the bigger stocks like Vinati Organics and Infosys as half of its revenues come from digital services. We still like Reliance which is going to benefit from energy prices rising and is also doing well on the telecom side where average revenue per user (ARPU) is rising. Catch the conversation here. 


 On Nazara Tech | Dipan Mehta, Director at Elixir Equities:  Good pedigree, great track record and if you want to play this very exciting investment theme of gaming and increase time and money spent on gaming and related App, then Nazara is the only stock which is available for you to bet on at this point of time. However, one needs to be a bit careful and have a slightly longer-term view on this stock. 60-70 percent appreciation could be a good price point to enter the stock.   Catch the conversation here .   

On Nazara Tech | Dipan Mehta, Director at Elixir Equities: Good pedigree, great track record and if you want to play this very exciting investment theme of gaming and increase time and money spent on gaming and related App, then Nazara is the only stock which is available for you to bet on at this point of time. However, one needs to be a bit careful and have a slightly longer-term view on this stock. 60-70 percent appreciation could be a good price point to enter the stock. Catch the conversation here. 


 On Suez Canal | Pawan Kumar Agarwal, special secretary (logistics):  As the canal is open and ships are moving through, we hope in the next 5-7 days the backlog will be cleared. The ships on the other side will start coming to the Indian ports within 7 days and after that, we can see some clogging on Indian ports particularly at Jawaharlal Nehru Port Trust (JNPT), Hazira and Mundra. Therefore, we have informed port authorities to gear up for the extra rush. There has been a spurt in exports from India, never seen in the last 10-years, so the spurt in exports is good news but that is causing some worries for the logistics.   Catch the conversation here .   

On Suez Canal | Pawan Kumar Agarwal, special secretary (logistics): As the canal is open and ships are moving through, we hope in the next 5-7 days the backlog will be cleared. The ships on the other side will start coming to the Indian ports within 7 days and after that, we can see some clogging on Indian ports particularly at Jawaharlal Nehru Port Trust (JNPT), Hazira and Mundra. Therefore, we have informed port authorities to gear up for the extra rush. There has been a spurt in exports from India, never seen in the last 10-years, so the spurt in exports is good news but that is causing some worries for the logistics. Catch the conversation here. 


 On Economy | Venugopal Garre, Managing Director at Bernstein:  Once these COVID issues, which is becoming a challenge will subside you will see a broader normal economy coming back. Supply-side also will get enough time to respond to the changes. At the same time, we are primarily positive on IT services and healthcare. You can probably call them relatively safer sectors. We see both of them having their own cycle which is the reason why we are not just into domestic recovery. We are overweight into these four sectors. We are underweight on autos and consumer staples.   Catch the conversation here .   

On Economy | Venugopal Garre, Managing Director at Bernstein: Once these COVID issues, which is becoming a challenge will subside you will see a broader normal economy coming back. Supply-side also will get enough time to respond to the changes. At the same time, we are primarily positive on IT services and healthcare. You can probably call them relatively safer sectors. We see both of them having their own cycle which is the reason why we are not just into domestic recovery. We are overweight into these four sectors. We are underweight on autos and consumer staples. Catch the conversation here. 


 On Crude Production | Sushant Gupta of Wood Mackenzie:  We think there will be an opportunity in the coming quarters for OPEC to increase production. At the moment they are cutting around 7.8 million barrels per day of production. While if you look at the last year’s agreement, they should be only cutting 5.8. So they can potentially put 2 million barrels per day in the market and that will come in gradually. So, we expect 5.8 target to be reached somewhere around Q3 this year by a gradual increase in production as the demand recovers through this year. He added that if OPEC gradually increases production, crude prices can be in the range of USD 67-68 per barrel.   Catch the conversation here .   

On Crude Production | Sushant Gupta of Wood Mackenzie: We think there will be an opportunity in the coming quarters for OPEC to increase production. At the moment they are cutting around 7.8 million barrels per day of production. While if you look at the last year’s agreement, they should be only cutting 5.8. So they can potentially put 2 million barrels per day in the market and that will come in gradually. So, we expect 5.8 target to be reached somewhere around Q3 this year by a gradual increase in production as the demand recovers through this year. He added that if OPEC gradually increases production, crude prices can be in the range of USD 67-68 per barrel. Catch the conversation here. 


Published : March 31, 2021 06:48 PM IST

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