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DEVESH KUMAR
FMCG space will continue to do well: Devesh Kumar, CIMB SecuritiesWith inflation under control and oil prices coming down, it seems that the money in hand of consumers is going to rise, Kumar points out.
Newsflow aiding market movement currently: Devesh Kumar, CIMB SecuritiesWhen you find that there is some news on a particular sector, then that sector will drive the market on that day.
Prefer large cap IT and pharma stocks: Devesh KumarLong term investors should look at companies where the balance sheet is good, management quality is good and the demand side is going to re...
Telecom sector looks attractive: Devesh KumarConsolidation in terms of subscriber base is taking place in the telecom sector and so strong players are bound to become bigger, said Deve...
- Remain cautious on banking sector, see more pain in store: Devesh Kumar, CIMB Securities
We feel that the pain for banking sector, power sector and infrastructure that has not actually reached the high and there is some more pai...
Market is running ahead of fundamentals: Devesh Kumar, CIMB SecuritiesThe entire corporate landscape is going to go through a big change where couple of companies will emerge stronger after addressing their ba...
If panic spreads on international front, oil & gas stocks best bet: Devesh Kumar, CIMB IndiaAs far as oil companies are concerned the worst will be over once there is clarity on the international front, says, Devesh Kumar.
Expect fund managers to re-allocate portfolios: Devesh Kumar, Country Head, CIMB IndiaI feel that export oriented pharma or forex revenue driven pharma companies are going to benefit over next one to two quarters.
- Midcap IT stocks will benefit from Rupee depreciation: Devesh Kumar, Country Head, CIMB India
People are consolidating their portfolios rather than trying to introduce new stocks but if currency situation continues then probably peop...
Bullish on IT and pharma sectors: Devesh Kumar, CIMB India"The IT sector is a play of two things -- one is the global activity and second is the currency," says Devesh Kumar.
Expect sentiment to be weak towards banking sector for some time: Devesh Kumar, CIMB Securities"We are of the view that if one takes a two, two-and-a-half years’ view, then you can invest in most of the sectors of the Indian market"
Expect market to remain range-bound for next 12 months: Devesh Kumar, CIMB IndiaInformed investors are still sitting at fringe and so we feel that for the next 12 months the market will remain a bit range-bound.
- Don’t expect a major decline in markets in near term: Devesh Kumar, CIMB India
"Pre-budget, there could be some amount of nervousness. So overall we do not see a big decline from these levels."
- Policy announcements to have gradual impact on coal & power segments: Devesh Kumar, CIMB India
"The issue of government paper is taking some liquidity which would have gone into the market," says Devesh Kumar.
- Sensex may touch 19500-20000 levels by 2012 end: Devesh Kumar, RBS
In the mid to long term, we are positive and we feel that second half of this year will be better than first half, says Devesh Kumar of RBS.
- Indian market may move upwards post December: RBS
If there is no international bad news & market corrects a lot from here, we can see a upward move, says Devesh Kumar, Head Equities India, ...
- Auto ancillaries will do well: Devesh Kumar
Our recommendation is two wheelers, commercial vehicles and ancillaries where replacement demand is strong.