For IT, Accenture came out with really good results. We can expect the same from TCS, INFY etc.
(Look for Midcap IT stocks which have underperformed in the recent weeks, they can pump up good.)
(Look for Midcap IT stocks which have underperformed in the recent weeks, they can pump up good.)
With Banks- Axis, ICICI, SBI, Bandhan are outperforming the BN majorly. Kotak is the only Bank which is lagging. So avoid Kotak unless & Until a close above 1860 (eod).
My 2 cents on Zomato:
The Valuation being placed for the IPO is ridiculous. ZOMATO has been a loss making company for years. Period. The concept of cloud kitchen may seem very unique & ambitious but the replacing the Indian Values of “Ghar ka khana” will never be changed, atleast for coming 50-100 years. Indian is no America where families are not valued and the concept of McD is more popular than home-made food. In the short term it may perform, given the Liquidity rush we are seeing and the hype “stock market IPO” is making specially in the people who are new to this segment. But in the longer run, I’m not confident on the business model. Let the company be profitable on 8 quarters consistently!
Big Avoid for me!!
The Valuation being placed for the IPO is ridiculous. ZOMATO has been a loss making company for years. Period. The concept of cloud kitchen may seem very unique & ambitious but the replacing the Indian Values of “Ghar ka khana” will never be changed, atleast for coming 50-100 years. Indian is no America where families are not valued and the concept of McD is more popular than home-made food. In the short term it may perform, given the Liquidity rush we are seeing and the hype “stock market IPO” is making specially in the people who are new to this segment. But in the longer run, I’m not confident on the business model. Let the company be profitable on 8 quarters consistently!
Big Avoid for me!!
Don’t just apply, to look cool or just because “everybody uses it” or “it’s a duopoly”. Understand the business. And understand the future. Then invest!!