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ICICI Prudential's Anand Shah favours manufacturing, consumer services despite inflation risks
Anand Shah, CIO-PMS & AIF at ICICI Prudential AMC, believes manufacturing-focused mid- and small-cap companies are well placed to benefit from stronger earnings growth, rupee depreciation and a gradual shift towards domestic production. He remains overweight on consumer services, private banks, asset managers and insurance firms, while expecting telecom industry profitability to improve over time through tariff hikes. Shah also warned that inflation risks from energy and food prices could weigh on consumption.
The AI play no one is talking about: Why BofA is snapping up power & metals instead of IT
BofA Securities India's Amish Shah advises shifting from IT to infrastructure, citing a 'dangerous gap' in consensus earnings forecasts. He highlights that commodity-driven earnings won't command premium valuations, and warns of potential downside from current market levels. Shah's strategy favors value in financials, growth in data center-linked infrastructure and metals, and policy plays in energy security and shipbuilding.
BofA sees FY27 earnings growth slowing to 8.5%; capex outlook stays strong
Amish Shah, Head of India Research at Bank of America Global Research, said higher commodity prices, the West Asia conflict and rising inflation could put pressure on growth and earnings in the first half of FY27. However, he believes the government is unlikely to reduce capital expenditure despite fiscal concerns. Shah also highlighted long-term opportunities in sectors linked to energy security, electric vehicles, defence, AI investments and data centres.
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Tata Power, Sona BLW shares on 1 June
Indian benchmark indices opened higher on June 1, supported by gains in IndiGo and Asian Paints. The NSE Nifty rose 0.38% and the BSE Sensex gained 0.36% amid positive Asian market sentiment and recovery after recent sell-offs.
Shah Metacorp signs pact with Strike Eco for Rs 25 crore funding
Ahmedabad-based Shah Metacorp Ltd has entered into a strategic agreement with Strike Eco Grid, committing up to Rs 25 crore in funding for renewable energy projects. The company has also acquired a 26% stake in Strike Eco Grid, with plans to potentially increase it to 75% based on performance.
Penny stock under ₹10 Shah Metacorp jumps after declaration of ₹49.8 crore rights issue
Shah Metacorp share price rose over 6% after announcing a rights issue to raise ₹49.80 crore for expansion. The issue opens on 11 June, offering shares at ₹4.86 each to enhance shareholder stakes. The company also plans to acquire a 26% interest in renewable energy.
Defence, exports and platform companies among top market themes: Envision’s Nilesh Shah
Envision Capital founder Nilesh Shah says strong earnings, improving cash flows and long-term structural trends are driving confidence in India’s platform companies. He also highlights defence, EVs, energy security and export-led manufacturing as key investment themes for the coming years.
PM Modi has held up a mirror to the country: Nilesh Shah, Kotak AMC
At the moment, markets are driven far more by global developments than domestic factors, Shah said. The biggest concern globally, he feels, is energy supply and energy prices.
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Power Grid shares on 4 May
Despite ongoing geopolitical tensions, Nifty 50 increased by 0.4% to 23,998. Broader market indices performed well. A consolidation phase is expected, and investors are advised to buy high-quality stocks. Monitoring geopolitical volatility will be essential as earnings season progresses.
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Power Grid shares on 4 May - Mint
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Power Grid shares on 4 MayMint
BofA sees 9% Nifty upside over the year; energy security a multi-decade theme for India
BofA Global Research’s Amish Shah highlighted energy security as a long-term theme, driven by India’s dependence on imported fuel and the need for policy support across biofuels, electrification, and power infrastructure.
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Reliance, Titan shares on April 13
On April 10, Sensex and Nifty 50 surged over 1%, driven by banking stock purchases and positive global trends. Investor confidence rose amid expectations of a US-Iran dialogue and falling crude prices, leading to the strongest weekly gains in over five years.