Sat, Aug 27, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

India is a stock picker’s market

Friday, July 26, 2013

amb
Chrys Kamber
Benedicte Gravrand, Opalesque Geneva:

India finds itself in a terrible macro situation and its macro instability has become a big bugbear for its financial markets, writes Pratik Sharma, managing director at Atyant Capital in a fund commentary earlier this week. The Rupee fell -8.39% versus the US Dollar during the second quarter during which there was severe volatility in the equity markets, he adds. His fund, the Atyant Capital India Fund came down around 12% that quarter.

But he sees clear opportunities: "We think the asymmetry in the market has never been larger. There are opportunities for people to invest in very low downside and very significant upside opportunities. Sooner or later sentiment about India will change. We are not sure whether such attractive prices and asymmetries will exist once the pall of gloom lifts."

According to Deepak Lalwani, founder of Lalcap Ltd, India is suffering from its worst economic downturn in a decade, with economic growth sliding to 5% for the year to 31 March 2013, whereas five out of the last eight years saw economic growth of over 8.5% p.a. He says in his famous India report this week that he revised his GDP growth forecast downwards to 5.6% for the year ending 31 March 2014.

But, he points out, India's stock market remains the best performer among BRIC countries this year. As it did......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new