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Samir Arora, founder of Helios Capital, cautioned investors against overreacting to a recent CLSA report, emphasizing that it should not lead to undue excitement. He noted that the report's credibility is limited and suggested that investors are shifting from Indian markets to the USA rather than China. Arora also mentioned that foreign institutional investors have largely completed their selling in India.
Samir Arora, founder of Helios Capital, stated that foreign institutional investors (FIIs) have largely completed their selling in Indian markets, attributing this trend to disappointing corporate earnings rather than reallocating funds to the US or China. He noted that the narrative suggesting investors might avoid China due to political factors may not hold true.
Samir Arora of Helios Capital maintains a bearish stance on sectors like consumer goods and certain automakers, believing that poorly performing assets can rebound quickly while strong performers remain stable. He notes the last three years have yielded historically low returns for the Nifty, although the NSE 500 index has shown better performance. Arora anticipates improvements in the market over the next year, emphasizing the need to define what constitutes a bull market.
FIIs are selling Indian stocks primarily due to disappointing corporate earnings, not reallocating to the US or China, according to Samir Arora of Helios Capital. He noted that global investors typically have minimal exposure to India and that weak earnings are unlikely to improve in the next few months, potentially taking six to nine months for recovery. Despite potential underperformance compared to US markets, there is no reason for pessimism regarding Indian markets.
Nilesh Shah, Managing Director of Kotak Mahindra Asset Management, stated that foreign investors exiting the Indian markets will need to pay double to re-enter. Speaking at the CNBC-TV18 Global Leadership Summit, he emphasized that while corrections present buying opportunities, those with a one-year investment horizon should avoid equities due to potential risks.
Hyundai Motor India reported a 16% decline in net profit for Q2, totaling Rs 1,375 crore, disappointing investors. Veteran investor Samir Arora commented on the results, suggesting that Korean promoters have outperformed Indian ones, highlighting the trend of inflated growth projections during IPOs that lead to investor letdowns. Following the earnings report, Hyundai's shares fell by 4.7% on the NSE.
Samir Arora of Helios Capital warns that India's capital gains tax on foreign investors could deter long-term capital inflows, making the country less attractive post-tax. He criticizes analysts for underestimating the tax's impact on returns and urges caution against overconfidence in capital availability. Foreign institutional inflows have slowed, influenced by high interest rates and strong equity performance in developed markets, despite a notable rise in the BSE SENSEX Index.
Moneycontrol Pro has achieved a significant milestone by surpassing 1 million subscribers since its launch in 2019. The platform, which grew tenfold in five years, has been praised by industry leaders like Nilesh Shah and Samir Arora for its quality research and user-friendly app, especially in a landscape filled with free content.
Samir Arora
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