<\/p>\n
The Indian stock market will continue to rise higher on the back of improved corporate profitability in the long term despite current hiccups from the second wave of the COVID19 pandemic, according to Nilesh Shah, Kotak Mahindra AMC Group President and Managing Director.<\/i><\/p>\n
He was speaking at a Webinar organized by The Association of National Exchange Members of India (ANMI) on \u201cEquity Market Outlook\u201d on March 8, says a release here.<\/i><\/p>\n
Shah said the stock market is counting on the trend in corporate profitability, which improved from a low of Rs 32,000 crore in June quarter last year to an expected Rs 2,10,000 crore in the quarter ended March 2021.\u00a0<\/span><\/p>\n \u201cThe stock market is ignoring short-term pain of COVID-19 and looking at long-term corporate profitability,\u201d Shah said. \u201cIn the June 2021 quarter, corporate profitability will come down but market is expecting it to rise after that. Corporate profitability is sustainable.\u201d\u00a0<\/span><\/p>\n He added that factors such as government\u2019s vaccination and healthcare improvement drives; lower interest rates and cost control, and fiscal stimulus to support livelihoods, will support this upward trend in the next six months.\u00a0<\/span><\/p>\n Besides, Mr Shah expected India\u2019s long term fundamentals to remain strong as the country had managed to stay on the path of a moderate inflation regime, stabilized fiscal deficit, forex surplus, improved banking scenarios, and availability of physical and digital infrastructure. He said Real Estate, industrial, and digitalization sectors would become outperformers in the long run.\u00a0<\/span><\/p>\n ANMI Alternate President Kamlesh Shah said the country was at a very crucial stage where on one hand it is are fighting COVID19 while on other hand the stock market is at its new peak.\u00a0<\/span><\/p>\n \u201cWe are delighted by never before like participation of retail investor,\u201d Kamlesh Shah said. \u201cThis reminds me of theory of Hope Vs Fear. Last year, we were engulfed with fear of COVID and markets slid to a low, but today we have hope in the form of vaccination and pickup in economy. So eventually we have victory of hope over fear.\u201d\u00a0<\/span><\/p>\n The lecture was part of the \u2018Knowledge Series\u2019 to celebrate ANMI\u2019s Silver Jubilee year. ANMI started Knowledge Series as an initiative to educate consumers about various industries. The first series which was organized in collaboration with SEBI focused on Regulatory initiative on Surveillance. Each webinar on Knowledge Series ropes in noted dignitaries and panel from the industry.\u00a0<\/span><\/p>\n ANMI comprises around 900 Stock Brokers from across the country who are members of National Stock Exchange of India Ltd, The Bombay Stock Exchange, Multi Commodity Exchange and other exchanges having national presence.<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" The Indian stock market will continue to rise higher on the back of improved corporate profitability in the long term despite current hiccups from the second wave of the COVID19 pandemic, according to Nilesh Shah, Kotak Mahindra AMC Group President and Managing Director. He was speaking at a Webinar organized by The Association of […]<\/p>\n","protected":false},"author":3,"featured_media":6309,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3833,1,8,5],"tags":[67,38],"class_list":["post-6590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate","category-economy-and-politics","category-india-inc","category-markets","tag-anmi","tag-stock-market"],"aioseo_notices":[],"yoast_head":"\n