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‘Super period’ to be in equities; like Sanghi Ind: HDFC Sec

Sheth is excited about Hindustan Petroleum Corporation (HPCL) due to high sensitivity to diesel marketing margins which are likely to be a lever for oil marketing companies.

Dipen Sheth, head-Institutional Research, HDFC Securities expects market to gain significantly over the next 5-10 years. He believes it is ‘super period’ to be in equities.

In an interview to CNBC-TV18, Sheth said UPA-II is responsible for ‘acche din’ in oil marketing companies after IOC chairman B Ashok said under recoveries in oil are expected to reduce to Rs 3000 crore from 15,000 crore in the March quarter, from a year ago period.

Sheth is excited about Hindustan Petroleum Corporation ( HPC L) due to high sensitivity to diesel marketing margins which are likely to be a lever for oil marketing companies.

Among specific stocks, Sheth is bullish on  Tata Communications and constructive on  Bharti Infratel from the telecom space. He picks  Cholamandalam from the financial pack as the company appears to be well poised for delivering good growth when the commercial vehicle (CV) cycle revives. Sheth also expects the company’s borrowing cost to come down in near-term.

He is also bullish on midcap cement companies and likes  Orient Cement and Sanghi Industries .

Interview transcript to follow shortly

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