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Engineering, cement, autos remain top cyclical bets; IT turns attractive: ASK’s George Joseph
Managing nearly $1.21 billion in assets as of April 30, ASK Investment Managers is turning positive on large-cap IT despite worries around AI disruption, says CIO & CEO-Equity George Joseph. He believes fears over AI replacing Indian IT firms are exaggerated, as these companies will continue to play a critical role in system integration and enterprise tech rollouts. ASK has remained constructive on sectors such as engineering, capital goods, cement, autos, banking & financial services, and commodities, seeing them as beneficiaries of the ongoing cyclical uptrend. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Buyback boom gains pace as firms deploy excess cash; tech, pharma may lead: Equirus Capital
Bhavesh Shah, Managing Director and Head of Investment Banking at Equirus Capital, expects cash-rich companies, particularly in the technology and pharma sectors, to lead the next wave of buybacks, while promoter taxation could shape capital allocation decisions.
Q4 Results LIVE Updates: Sanghvi Movers shares surge over 12%; Jubilant Foodworks down 7%
Q4 Results LIVE Updates: ITC, Aurobindo Pharma, LIC, LG Electronics, Ashoka Buildcon, Bikaji Foods, Datamatics, Engineers India, GMM Pfaudler, Happy Forgings, Honasa Consumer, Ixigo, Nykaa, Page Industries, Ramco Cements, Max Healthcare, Prestige Estates, MTNL, Sun TV, Quick Heal, RCF, WeWork, VA Tech Wabag, are among the companies reporting their earnings today. The street will also react to numbers reported by Whirlpool, Apollo Hospitals, Sammaan Capital, JK Lakshmi Cement, Lenskart, Ola Electric and others. Watch this space for all the LIVE earnings updates.
Inside India’s biggest banking and financial services tech hubs
Standard Chartered plans to cut over 7,000 jobs in four years, replacing human capital with technology, particularly impacting back-office roles in India. This move aligns with a broader trend of financial firms leveraging AI and tech hubs in India for both support and higher-value functions, though some, like Wells Fargo, are also consolidating operations.
Tech, cloud and data infrastructure dominate India’s Q1 IPO capex as investors focus on returns
Indian IPOs are increasingly funding cloud, AI and data infrastructure as investors shift focus from physical expansion to scalability and capital efficiency.
US stocks to buy for short term: From MP Materials to Arista Networks- Appreciate CEO suggests picking these 5 shares
Subho Moulik identifies five US stocks poised for short-term success, including MP Materials and Eaton. With AI capital expenditure soaring, these companies are positioned to benefit from unprecedented demand in the tech landscape.
Kaynes Tech shares recover from lows after multiple downgrades; Stock in F&O ban
Despite having raised over ₹3,000 crore across two institutional share sales (QIP), Kaynes could require more debt due to the working capital concerns, according to Jefferies.
Swiggy, Eternal taking different paths in quick commerce battle, say experts
Gaurav Malhotra, ED of Axis Capital and Lalit Bhise, Co-Founder & CEO of BIZOM discuss why market share is becoming critical in India’s quick commerce race, how margin-focused strategies may hurt growth and why kirana stores could still remain relevant despite rising competition from rapid delivery platforms.
Nitin Gadkari launches no-stop toll system on UER-II; How does the 'Free Flow' tolling work and how will it help Delhi commuters?
Union Minister Nitin Gadkari has inaugurated Multi-Lane Free Flow (MLFF) tolling at the Mundka-Bakkarwala plaza on Delhi’s Urban Extension Road-II (UER-II). The new system allows vehicles to pass through without stopping, promising faster travel, reduced congestion, and lower emissions in the national capital.
Taiwan's MediaTek expands India footprint with new Noida R&D centre
Taiwanese semiconductor giant MediaTek has established its second Indian R&D hub in Noida, leasing 1,04,000 sq ft at BPTP's Capital City. This move, valued at approximately Rs. 144 crore, underscores Noida's growing appeal for global tech firms seeking quality commercial spaces and access to talent.
IT growth under pressure as AI risks rise; pharma, power see support: Nikunj Doshi
Nikunj Doshi, Managing Partner & CIO-PMS at Bay Capital Investments Advisors, says IT services face growth challenges amid AI disruption and remains cautious on the sector. He prefers a bottom-up approach in pharma, citing benefits from rupee depreciation and easing US tariff risks. Doshi is also positive on power and ancillaries, driven by global investments, while staying selective on new-age tech stocks due to expensive valuations and potential post-lock-in selling.
The IPO afterlife for unicorns: How mutual funds are doubling down on next-gen leaders
Indian mutual funds have boosted their investments in five new-age companies. Funds poured into stocks like Urban Company, Ather Energy, Lenskart, Meesho, and PhysicsWallah. This shows growing confidence from domestic investors in these tech-focused businesses. Brokerages are also initiating coverage with positive outlooks. This trend indicates a significant shift in institutional capital towards India's new-age economy.