Ambit Capital’s Co-Head of Equities Dhiraj Agarwal on Friday said that India has inflation issues, but very less than other countries.
“We also have an inflation issue, but far more manageable as compared to many other economies," he told CNBC-TV18.
While talking about the metal sector, Agarwal said, “Tata Steel, in this down cycle, will still make more than 10 percent ROE. Typically, if you buy metal stocks in a down cycle and hold it for some time with patience, you can make a lot of money. And in this down cycle if Tata Steel is making 10 percent ROE. If you invest here and hold it for 2-3 years, there is a lot of return to be made.”
According to him, the worst foreign institutional investor (FII) outflow is behind.
For more details, watch the accompanying video
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Concerns on low voter turnout a "myth"; absolute number of voters correct way to analyse: Report
May 6, 2024 2:57 PM
Yadav family members in focus in third phase of Lok Sabha polls in Uttar Pradesh
May 6, 2024 12:59 PM