Mohit Nigam of Hem Security While talking to Moneycontrol, he said that although ITC has seen a good rally so far, there is still a buying opportunity for long term investors in this stock. Let us inform that in the month of March, the shares of ITC have seen a rise of 17 percent, which is the biggest rise in the last 16 months.
He further said in this conversation that the company is comparatively very safe. This is because it is diversified into multiple segments such as hotels and cigarettes, so if any pressure in its FMCG segment due to rise in commodity prices, it will be offset by earnings from other segments.
Reliance Industries But giving his opinion, Mohit Nigam said that the company has achieved a market capitalization of Rs 18 lakh crore. Looking at the previous figures, the company is giving 30 per cent year-on-year return since FY2018 and it is expected that this performance of the company will continue in FY2023 as well.
Market will continue to rise
Talking about the further movement of the market, Mohit Nigam said that the market will continue to rise. The previous records will be broken and the market will set new highs. The rise in commodity prices, due to which further inflationary pressures, geopolitical crisis and earnings problems are temporary. We need to look at the market from a more comprehensive perspective. On-going reforms in the country, focus on technology, promotion of Made in India through PLI scheme, increasing exports and China Plus One strategy are some of the factors that will continue to fuel the market going forward.
RBI not expected to hike interest rates
Talking about the policy meet of RBI to be held in April, Mohit Nigam said that in this meeting, RBI will have to face challenges like rising prices and the possibility of a fall in GDP. We had earlier expected that RBI might hike its rates in April’s policy meet but now it doesn’t seem so. This is because Russia’s invasion of Ukraine has fueled geopolitical concerns and has resulted in rising commodity prices. Governor Shaktikanta Das is under pressure to control inflation as well as maintain growth in the country’s economy. In such a situation, it seems that RBI will not increase interest rates in its April meet and will postpone the decision to increase interest rates till the end of this year.
Last week saw a rise of 3% in the market, Telecom and Realty shone the most
When Mohit Nigam has been asked that if you have 10 lakh rupees, where would you like to invest at present, he said that if someone has 10 lakh rupees, then he should have 65 percent of this money in equity, 20 percent in debt and 15% should be invested in gold. He said that the financial year 2023 can be good for equities, keeping in mind that investors can invest a major part of their money in equities and about 50 percent in equities in largecap, 30 percent in midcap and the rest in smallcap. should be put in
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