Latest news with #RanaGupta
CNBC
31-07-2025
- Business
- CNBC
India emerges as an attractive investment in China-plus-one manufacturing strategy, says strategist
Rana Gupta of Manulife Investment Management discusses how the diversification arising from the China-plus-one strategy benefits India and presents a long-term buying opportunity.
Economic Times
01-05-2025
- Business
- Economic Times
Rana Gupta advises caution on IT sector, check which sectors he bets on for short term
Amid market uncertainty, investors seek clarity. Rana Gupta of Manulife Investment suggests focusing on domestic tailwinds. He favors consumer and financial sectors. Infrastructure and telecom are attractive in the short to medium term. Gupta anticipates credit growth. He expects globally linked sectors like IT and metals to face challenges. Earnings momentum in IT may remain soft for some time. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads As global markets remain uncertain, investors increasingly look for clarity on where to deploy capital in the near term. With concerns around the geopolitical developments, sectoral rotation within equity markets has become more prominent. In this context, the short-term outlook for Indian equities continues to be a subject of active discussion among market this backdrop, Rana Gupta of Manulife Investment , offered detailed insights into preferred investment themes in the Indian market in a recent interaction with dissected the current market scenario across short, medium, and long-term horizons, offering a roadmap for navigating through periods of pointed to sectors that could benefit from domestic tailwinds. He stated, 'The consumer sector could see some revival because of tax cuts and rate cuts. At the same time, the input costs can go down because of the crude oil price falling, so that is one sector that we like.'He also expressed a positive view on financials, particularly due to expected growth in credit after a subdued period, saying, 'We like the financials because we think credit growth is going to pick up after being very soft for the last almost 7 to 12 months now, so that is also one segment we like.'Looking slightly ahead, Gupta highlighted Indian infrastructure and telecom as attractive in the short to medium term. He explained, 'We continue to like the Indian infrastructure segment which are non-tariff related and because of the correction they are now offering good risk-reward,' and added, 'Telecom sector looks quite steady to us in the short to medium term.'Breaking down the market outlook across timeframes, Gupta noted that globally linked sectors like IT and metals are likely to face headwinds in the short term. He said, "In the short term, clearly, the globally linked sectors whether it is IT or metals and all those sectors will face some headwinds."He acknowledged that while the correction in large IT stocks may provide some comfort, 'earnings momentum wise, they still continue to be soft for a while.': Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
01-05-2025
- Business
- Time of India
Rana Gupta advises caution on IT sector, check which sectors he bets on for short term
As global markets remain uncertain, investors increasingly look for clarity on where to deploy capital in the near term. With concerns around the geopolitical developments, sectoral rotation within equity markets has become more prominent. In this context, the short-term outlook for Indian equities continues to be a subject of active discussion among market participants. Amid this backdrop, Rana Gupta of Manulife Investment , offered detailed insights into preferred investment themes in the Indian market in a recent interaction with ETNow. Gupta dissected the current market scenario across short, medium, and long-term horizons, offering a roadmap for navigating through periods of turbulence. Gupta pointed to sectors that could benefit from domestic tailwinds. He stated, 'The consumer sector could see some revival because of tax cuts and rate cuts. At the same time, the input costs can go down because of the crude oil price falling, so that is one sector that we like.' He also expressed a positive view on financials, particularly due to expected growth in credit after a subdued period, saying, 'We like the financials because we think credit growth is going to pick up after being very soft for the last almost 7 to 12 months now, so that is also one segment we like.' Looking slightly ahead, Gupta highlighted Indian infrastructure and telecom as attractive in the short to medium term. He explained, 'We continue to like the Indian infrastructure segment which are non-tariff related and because of the correction they are now offering good risk-reward,' and added, 'Telecom sector looks quite steady to us in the short to medium term.' Also read: Nifty traders, don't sell in May - just sway. Here's why the May myth crashes on Dalal Street Breaking down the market outlook across timeframes, Gupta noted that globally linked sectors like IT and metals are likely to face headwinds in the short term. He said, "In the short term, clearly, the globally linked sectors whether it is IT or metals and all those sectors will face some headwinds." He acknowledged that while the correction in large IT stocks may provide some comfort, 'earnings momentum wise, they still continue to be soft for a while.' ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
30-04-2025
- Business
- Economic Times
Short-term challenges for IT and Metals, but consumer and financial sectors offer upside: Rana Gupta
"India started this kind of tumultuous time in the financial markets in a good shape in the sense because of the selling, the positioning was already light," says Rana Gupta, Manulife Investment. ADVERTISEMENT Just wondering how you are looking at the market construct or is it going to be just what happens in the next 90 days and then what happens after, is that how we are supposed to break the timeline? Rana Gupta: Next 90 days, what was started about 30 days back and next 90 days are very important for the market, but I would like to highlight that this is the beginning of a very long process where the global trade and investment flows will get rebalanced. And after 90 days we can get some finality maybe in terms of tariff rates and that can be lower than where they are currently. But that does not mean that all the uncertainty will be behind us. In fact, the hard work starts after that because corporates will have to work out their investment plans, their supply chain relocation if applicable. All these are going to be quite complex and will create a quite a bit of uncertainty. What we can say is that for the rest of this year because of this uncertainty, globally the growth should be a little lower than what we expected in the beginning of the year and inflation particularly in US higher than what we expected at the beginning of this year. So, global markets as well as emerging markets including India has to contend with all of that. So, it is just not 90 days, it is going to continue well beyond that. So, what do you think is going to pose a challenge for India in particular because one has already seen that India and US not a done deal yet, but at least are close to seeing eye to eye when it comes to tariffs. China, of course, is a separate story altogether. The good thing has been that for India, at least in the last one month the FIIs, FPI money has been coming back and to be fair for us the correction already played out, a large chunk of it from last year up until the first quarter of this calendar year. Rana Gupta: No that is absolutely right. India started this kind of tumultuous time in the financial markets in a good shape in the sense because of the selling, the positioning was already light. Also, as a result of the tariff situation, the India's export to US is 2% of GDP, so the direct impact is indeed limited. ADVERTISEMENT In fact, one of the lowest among across all the emerging markets. And good part is that the current policy makers they are trying to forge this, this FTAs with US and UK which are all positive. This should increase in time FDI investments and India should be a worthy candidate for the supply chain restrictions if and when that happens. ADVERTISEMENT But that is all medium to long term. In the near term, there will be undoubtedly some consequences of the global uncertainty that you spoke about. But the good part about India is that there is some policy support because of the robust growth and the reform that has happened in last 10 years. We are pleased to see that even during this uncertain times RBI could ease the monetary policy, there is significant amount of liquidity injected, rates cut, and then there is fiscal headroom. ADVERTISEMENT I am not saying there will be necessarily but that gives us some sort of comfort. So, the way we are thinking about India in near term policy uncertainty, yes, but at the same time there are policy offsets and the medium to longer term picture continues to be quite bright on the back of India being getting more integrated into the global supply chain and particularly in that context the areas like pharmaceutical, CDMO, electronics, textiles on those areas I think India stands on a very good footing. Since you just highlighted that one can take a short as well as a medium-term view. Let us break it down that way. If somebody has to take a short-term view given so much of uncertainty, around which sectors are the preferred bets right now and believe that the medium-term story stays intact for a lot of sectors, where are you placing your bets within that? ADVERTISEMENT Rana Gupta: So, let us break it down in short and medium to long term. In the short term, clearly, the globally linked sectors whether it is IT or metals and all those sectors will face some headwinds. Although, the correction that we have seen in large it gives us some comfort, but the headline wise, the earning momentum wise, they still continue to be soft for a while. On the other hand, the two positives that we are seeing in Indian markets, the policy support on the rate side, liquidity side, as well as the global crude oil price fall, this means that the consumer sector could see some revival because of tax cut and rate cut. At the same time, the input costs can go down because of the crude oil price falling so that is one sector that we like. We also like the financials because we think credit growth is going to pick up. In the short to medium time, we continue like the Indian infrastructure segment which are non-tariff related and because of the correction they are offering now good risk-reward and this will be something like in the power sector and also telecom sector looks quite steady to us. In the longer term and this is quite long term, for long-term patient investors it will be time to look into, dive deeper into the electronics manufacturing value chain, look at the beneficiaries of the component suppliers there, also to look at pharmaceutical, CDMO, and as well as the textile sector, these can be the long-term winners out of the supply chain relocation. But again, the word of caution is many can get excited by saying that Apple has now announced they will relocate the production of iPhones bound to US in India and that should not make us believe that the supply chain relocation is easy. We know for a fact that Apple started five-seven years earlier and that is why they are in a position right now. So, I have no doubt in electronics, in pharma CDMO, in textiles India will gain market share but patience will be required.
Time of India
30-04-2025
- Business
- Time of India
Short-term challenges for IT and Metals, but consumer and financial sectors offer upside: Rana Gupta
"India started this kind of tumultuous time in the financial markets in a good shape in the sense because of the selling, the positioning was already light," says Rana Gupta , Manulife Investment. Just wondering how you are looking at the market construct or is it going to be just what happens in the next 90 days and then what happens after, is that how we are supposed to break the timeline? Rana Gupta: Next 90 days, what was started about 30 days back and next 90 days are very important for the market, but I would like to highlight that this is the beginning of a very long process where the global trade and investment flows will get rebalanced. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Incredible, the TV box everyone is talking about: Access all channels ? Techno Mag Undo And after 90 days we can get some finality maybe in terms of tariff rates and that can be lower than where they are currently. But that does not mean that all the uncertainty will be behind us. In fact, the hard work starts after that because corporates will have to work out their investment plans , their supply chain relocation if applicable. All these are going to be quite complex and will create a quite a bit of uncertainty. What we can say is that for the rest of this year because of this uncertainty, globally the growth should be a little lower than what we expected in the beginning of the year and inflation particularly in US higher than what we expected at the beginning of this year. So, global markets as well as emerging markets including India has to contend with all of that. So, it is just not 90 days, it is going to continue well beyond that. Live Events So, what do you think is going to pose a challenge for India in particular because one has already seen that India and US not a done deal yet, but at least are close to seeing eye to eye when it comes to tariffs. China, of course, is a separate story altogether. The good thing has been that for India, at least in the last one month the FIIs, FPI money has been coming back and to be fair for us the correction already played out, a large chunk of it from last year up until the first quarter of this calendar year. Rana Gupta: No that is absolutely right. India started this kind of tumultuous time in the financial markets in a good shape in the sense because of the selling, the positioning was already light. Also, as a result of the tariff situation, the India's export to US is 2% of GDP, so the direct impact is indeed limited. In fact, one of the lowest among across all the emerging markets. And good part is that the current policy makers they are trying to forge this, this FTAs with US and UK which are all positive. This should increase in time FDI investments and India should be a worthy candidate for the supply chain restrictions if and when that happens. But that is all medium to long term. In the near term, there will be undoubtedly some consequences of the global uncertainty that you spoke about. But the good part about India is that there is some policy support because of the robust growth and the reform that has happened in last 10 years. We are pleased to see that even during this uncertain times RBI could ease the monetary policy, there is significant amount of liquidity injected, rates cut, and then there is fiscal headroom. I am not saying there will be necessarily but that gives us some sort of comfort. So, the way we are thinking about India in near term policy uncertainty, yes, but at the same time there are policy offsets and the medium to longer term picture continues to be quite bright on the back of India being getting more integrated into the global supply chain and particularly in that context the areas like pharmaceutical, CDMO, electronics, textiles on those areas I think India stands on a very good footing. Since you just highlighted that one can take a short as well as a medium-term view. Let us break it down that way. If somebody has to take a short-term view given so much of uncertainty, around which sectors are the preferred bets right now and believe that the medium-term story stays intact for a lot of sectors, where are you placing your bets within that? Rana Gupta: So, let us break it down in short and medium to long term. In the short term, clearly, the globally linked sectors whether it is IT or metals and all those sectors will face some headwinds. Although, the correction that we have seen in large it gives us some comfort, but the headline wise, the earning momentum wise, they still continue to be soft for a while. On the other hand, the two positives that we are seeing in Indian markets, the policy support on the rate side, liquidity side, as well as the global crude oil price fall, this means that the consumer sector could see some revival because of tax cut and rate cut. At the same time, the input costs can go down because of the crude oil price falling so that is one sector that we like. We also like the financials because we think credit growth is going to pick up. In the short to medium time, we continue like the Indian infrastructure segment which are non-tariff related and because of the correction they are offering now good risk-reward and this will be something like in the power sector and also telecom sector looks quite steady to us. In the longer term and this is quite long term, for long-term patient investors it will be time to look into, dive deeper into the electronics manufacturing value chain, look at the beneficiaries of the component suppliers there, also to look at pharmaceutical, CDMO, and as well as the textile sector, these can be the long-term winners out of the supply chain relocation. But again, the word of caution is many can get excited by saying that Apple has now announced they will relocate the production of iPhones bound to US in India and that should not make us believe that the supply chain relocation is easy. We know for a fact that Apple started five-seven years earlier and that is why they are in a position right now. So, I have no doubt in electronics, in pharma CDMO, in textiles India will gain market share but patience will be required.
