Latest news with #SudipBandyopadhyay
India Today
4 days ago
- Politics
- India Today
Abhishek Banerjee to lead Trinamool in Lok Sabha, replaces Sudip Bandyopadhyay
The Trinamool Congress has named Abhishek Banerjee as the Parliamentary party leader in the Lok Sabha on Monday, replacing veteran leader Sudip Bandyopadhyay. The decision was taken by Trinamool supremo and West Bengal Chief Minister Mamata Banerjee at a meeting of the party's MPs in Kolkata. According to sources, Bandyopadhyay has been ailing for a long time and has been relieved from his duties. advertisementThe significant move elevates Abhishek Banerjee's position in the party ahead of the West Bengal Assembly Elections in 2026. Presently, he is the National General Secretary of the TMC. Earlier, the TMC nominated the Diamond Harbour MP to be part of the all-party delegation in support of Operation Sindoor. - EndsMust Watch
Time of India
27-07-2025
- Politics
- Time of India
Abhishek to head to Delhi as TMC intensifies SIR stir
Kolkata: national general secretary is expected to reach Delhi this week as the party intensifies its stir in Parliament, demanding an assurance from the Centre "on the floor of the House" that the special intensive revision (SIR) in Bihar will be discussed. Tired of too many ads? go ad free now Trinamool Congress has been consistently opposing SIR, questioning Election Commission's powers to conduct citizenship checks and disenfranchise voters. The party has said SIR requirements mirror Section 3 of the Citizenship Act, 1955, which makes the exercise "NRC in disguise." Over the last week, the party has been hamstrung by the absence of its floor leaders in Lok Sabha. Trinamool's leader in Lok Sabha Sudip Bandyopadhyay and senior MP Saugata Roy are not in Delhi due to health reasons. The party's chief whip in Lok Sabha, Kalyan Banerjee, is representing Bengal govt in cases and shuttling between Supreme Court and Calcutta High Court. On Friday, the party's deputy Lok Sabha leader Kakoli Ghosh Dastidar attended the all-party meeting convened by Speaker Om Birla. Banerjee is likely to remain in Delhi and work on party strategy. The Diamond Harbour MP, who was part of Centre's outreach abroad after Pahalgam attack, is also likely to be a keynote speaker if Operation Sindoor discussions take place in Parliament. A senior MP said: "Trinamool is not opposed to discussions on Operation Sindoor. In fact, we want some answers. But this cannot be at the expense of SIR. Here we are talking of mass disenfranchisement of people who had voted in the 2024 Lok Sabha, based on arbitrary reasoning. We want a clear assurance from the Centre on the floor of the house that SIR will be discussed threadbare in Parliament."
Economic Times
19-07-2025
- Business
- Economic Times
Market pressure remains amid US-India trade deal uncertainty, weak Q1: Sudip Bandyopadhyay
ET Now: This week we have ended below 25,000 mark, but the concerns, the tensions, the news flow remains the same as it was there last week. I want to understand from you how do you assess the market direction now vis-à-vis the news flow still remains the same? Live Events ET Now: You mentioned about distinction about two types of news flow, one was earnings and one was, of course, the global news flow which is continuing. In terms of earnings, this weekend and today actually is very-very important because Reliance is coming, you will have ICICI, HDFC Bank all the heavy weights especially for Nifty, the earnings are due this weekend. Do you think there could be a different direction when we meet on Monday? ET Now: What is going to be your view, especially on tier II, talking about the midcap IT space, do you think that is going to be exciting and someone who really wants to stay put in this particular sector should be looking on the tier II counters or maybe initiating something, so they have a better projection? ET Now: You did mention about your pick in the IT sector, but I want to ask about defence sector as well. How do you see this sector performing particularly on Friday, it was a kind of a dragger? ET Now: How do you look at metals because that is always a new specific sector? I want to understand from you because there has been lot of news flow recently and metal has been…, if you see past one week, it has gained momentum of around 1%, but again it is much dependent on the global news flow. (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, says considering the valuation at which most of the stocks were trading and considering the uncertainty and subdued Q1 results, the market is drifting downwards, that is our view. Till the time there is a concrete positive news flow around the trade deal or good corporate results come out, we will continue to hover around this with a negative distinct streams of info and news flow we need to keep our eyes on. One is what is happening in the global front and predominantly that is dominated by the trade deal which India and US are expected to sign; now that has been since the 9th of July and we are still waiting. There are multiple news coming but till the time the deal is in front of us, we do not know exactly what it is, so it is kind of a lot of companies, lot of businesses, and the market is on tenterhooks. So that is one part of the uncertainty which is plaguing the second part is, of course, corporate results. It is nothing great which is coming out. By and large it is around expectations. Leave aside JSW Steel which has beaten the expectations or Wipro who has given a very good forecast about their next H2 as well as Q2 but by and large the results have been considering the valuation at which most of the stocks were trading and considering the uncertainty and subdued Q1 results, the market is drifting downwards, that is our view. Till the time there is a concrete positive news flow around the trade deal or good corporate results come out, we will continue to hover around this with a negative yes. these three stocks together is about 30% of Nifty weightage, so definitely if they come up with results which gives a direction one way or the other, market will far as both the banks are concerned, expectations are mixed. After the Axis results came out, there are a lot of concerns as well, particularly on the growth side. Let us wait and watch what happens. But yes, you are absolutely right if they give some results which is indicating a direction, market will take the cue and two things. One is tier II, I will definitely look forward to Coforge numbers. This is one company which has been beating expectations and performing exceedingly well. So, I would definitely watch for their if I have to pick something from the entire universe, probably I will look at the largecap once only and Wipro definitely deserves a look considering the confidence with which management is reiterating that their Q2 numbers as well as H2 numbers will be much yes, Wipro is talking about coming back to growth and valuation-wise also it is attractive, so, one can look at that. As far as the other midcap IT companies are concerned, one has to be extremely careful about the valuation. Look at LTIMindtree. The numbers were pretty good. Management commentary was good, but the stock is still correcting because the valuation was and still is a bit I do like defence and it is a long-term bet. And one has to remember that the valuations are not cheap. So, if you are looking at a long-term investment, long-term view, some of the defence stocks even at current valuation definitely good because they have a strong order book, they will continue getting better and more and more orders. The execution will be phased over a period of time and over a period of time valuation will catch up and move ahead of the current fundamentals. But as things stand today, the valuation is far ahead of the fundamentals, and to expect a short, medium-term significant upside, it is bit unrealistic considering where these companies are right. Metal is always a sector which has lot of global inputs and at this stage if I look at a medium to long-term trend, the trend is positive undoubtedly and metals over a period of time will do well. Short-term fluctuations, short-term price movements will be there and there will be volatility because inherently with global news flows and global demand-supply prices of metals move and hence the stocks also move, but from a long-term point of view these are positive, particularly on domestic scenario I do like Vedanta quite a bit and this is in spite of all the reports and other things which are coming the company is in strong businesses and there is a significant value unlocking happening and it is not a matter of speculation, it is happening, it has already happened, the execution is getting done. So, it is a matter of time before the benefit of value unlocking accrues to the Vedanta shareholders as well. So, yes, if somebody has to look at metals, Vedanta definitely would. Apart from Vedanta, we do like Hindustan Zinc also. Zinc, of course, they are the leaders and all that. Along with that, silver and both these two metals are gaining momentum significantly. The company is doing exceedingly well and one can look at Hindustan Zinc as well.
Time of India
19-07-2025
- Business
- Time of India
Market pressure remains amid US-India trade deal uncertainty, weak Q1: Sudip Bandyopadhyay
Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, says considering the valuation at which most of the stocks were trading and considering the uncertainty and subdued Q1 results, the market is drifting downwards, that is our view. Till the time there is a concrete positive news flow around the trade deal or good corporate results come out, we will continue to hover around this with a negative bias. ET Now: This week we have ended below 25,000 mark, but the concerns, the tensions, the news flow remains the same as it was there last week. I want to understand from you how do you assess the market direction now vis-à-vis the news flow still remains the same? Explore courses from Top Institutes in Select a Course Category Technology others Product Management Data Science Finance Project Management Others PGDM CXO Artificial Intelligence Public Policy Data Science Management Design Thinking Cybersecurity Healthcare Operations Management MCA healthcare Data Analytics MBA Leadership Digital Marketing Degree Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Sudip Bandyopadhyay: Two distinct streams of info and news flow we need to keep our eyes on. One is what is happening in the global front and predominantly that is dominated by the trade deal which India and US are expected to sign; now that has been since the 9th of July and we are still waiting. There are multiple news coming but till the time the deal is in front of us, we do not know exactly what it is, so it is kind of a lot of companies, lot of businesses, and the market is on tenterhooks. So that is one part of the uncertainty which is plaguing the market. The second part is, of course, corporate results. It is nothing great which is coming out. By and large it is around expectations. Leave aside JSW Steel which has beaten the expectations or Wipro who has given a very good forecast about their next H2 as well as Q2 but by and large the results have been subdued. So, considering the valuation at which most of the stocks were trading and considering the uncertainty and subdued Q1 results, the market is drifting downwards, that is our view. Till the time there is a concrete positive news flow around the trade deal or good corporate results come out, we will continue to hover around this with a negative bias. Live Events ET Now: You mentioned about distinction about two types of news flow, one was earnings and one was, of course, the global news flow which is continuing. In terms of earnings, this weekend and today actually is very-very important because Reliance is coming, you will have ICICI, HDFC Bank all the heavy weights especially for Nifty, the earnings are due this weekend. Do you think there could be a different direction when we meet on Monday? Sudip Bandyopadhyay: Oh yes. these three stocks together is about 30% of Nifty weightage, so definitely if they come up with results which gives a direction one way or the other, market will move. As far as both the banks are concerned, expectations are mixed. After the Axis results came out, there are a lot of concerns as well, particularly on the growth side. Let us wait and watch what happens. But yes, you are absolutely right if they give some results which is indicating a direction, market will take the cue and move. ET Now: What is going to be your view, especially on tier II, talking about the midcap IT space, do you think that is going to be exciting and someone who really wants to stay put in this particular sector should be looking on the tier II counters or maybe initiating something, so they have a better projection? Sudip Bandyopadhyay: Well, two things. One is tier II, I will definitely look forward to Coforge numbers. This is one company which has been beating expectations and performing exceedingly well. So, I would definitely watch for their numbers. But if I have to pick something from the entire universe, probably I will look at the largecap once only and Wipro definitely deserves a look considering the confidence with which management is reiterating that their Q2 numbers as well as H2 numbers will be much better. So, yes, Wipro is talking about coming back to growth and valuation-wise also it is attractive, so, one can look at that. As far as the other midcap IT companies are concerned, one has to be extremely careful about the valuation. Look at LTIMindtree. The numbers were pretty good. Management commentary was good, but the stock is still correcting because the valuation was and still is a bit rich. ET Now: You did mention about your pick in the IT sector, but I want to ask about defence sector as well. How do you see this sector performing particularly on Friday, it was a kind of a dragger? Sudip Bandyopadhyay: Fundamentally, I do like defence and it is a long-term bet. And one has to remember that the valuations are not cheap. So, if you are looking at a long-term investment, long-term view, some of the defence stocks even at current valuation definitely good because they have a strong order book, they will continue getting better and more and more orders. The execution will be phased over a period of time and over a period of time valuation will catch up and move ahead of the current fundamentals. But as things stand today, the valuation is far ahead of the fundamentals, and to expect a short, medium-term significant upside, it is bit unrealistic considering where these companies are positioned. ET Now: How do you look at metals because that is always a new specific sector? I want to understand from you because there has been lot of news flow recently and metal has been…, if you see past one week, it has gained momentum of around 1%, but again it is much dependent on the global news flow. Sudip Bandyopadhyay: Absolutely right. Metal is always a sector which has lot of global inputs and at this stage if I look at a medium to long-term trend, the trend is positive undoubtedly and metals over a period of time will do well. Short-term fluctuations, short-term price movements will be there and there will be volatility because inherently with global news flows and global demand-supply prices of metals move and hence the stocks also move, but from a long-term point of view these are positive, particularly on domestic scenario I do like Vedanta quite a bit and this is in spite of all the reports and other things which are coming out. Fundamentally, the company is in strong businesses and there is a significant value unlocking happening and it is not a matter of speculation, it is happening, it has already happened, the execution is getting done. So, it is a matter of time before the benefit of value unlocking accrues to the Vedanta shareholders as well. So, yes, if somebody has to look at metals, Vedanta definitely would. Apart from Vedanta, we do like Hindustan Zinc also. Zinc, of course, they are the leaders and all that. Along with that, silver and both these two metals are gaining momentum significantly. The company is doing exceedingly well and one can look at Hindustan Zinc as well.
Economic Times
18-07-2025
- Business
- Economic Times
Tariff delay sparks relief rally in Indian pharma stocks: Sudip Bandyopadhyay
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel "The uncertainty is not around demand or the price hike but the uncertainties are company specific. JSW Steel , we will definitely want to hear what is their strategy about Bhushan Steel, that is a huge problem which has been created in the recent past post the Supreme Court order and one needs to understand how that will get disentangled," says Sudip Bandyopadhyay , Group Chairman, Inditrade Capital Well, of course, what has changed significantly is the tariff announcement by President Trump. There was a sword hanging on pharma sector and at different levels different figures were being thrown around. But finally, when the announcement came, it talks about very high 200% or whatever but it is after two obviously people immediately started talking about the fact that probably it will never come because if something gets pushed back by two years obviously there is no threat of imminent tariff on pharma products, so that was a fantastic news for most Indian pharma companies because most of them or at least a lot of them have significant business in do manufacture in India and supply to US, so they would have been adversely affected by the tariff and since that is not happening, that was the point from where pharma actually we started seeing significant momentum in largecap and some midcap pharma companies. As far as overall pharma is concerned Sun Pharma does look good because some of the molecules which they were expected to commercialise a bit later in the year is getting preponed and the commercial launch is happening in US very-very soon and that kind of enthused the investors about Sun they have significant business in US as well as India and both the markets are expected to do good. The pricing pressure on generics is, of course, there but that has kind of reached a level where we have seen the course, Glenmark did a landmark deal and it is not only for Glenmark, for the entire Indian pharmaceutical industry this was a landmark deal with R&D getting established and getting properly valued by global pharma players, so this was definitely landmark and of course, Glenmark investors were rewarded and will be rewarded further I am sure in terms of dividend or other some kind of payouts, so that is as far as Glenmark and Sun Pharma is by and large Indian pharma can breathe a sigh of relief post the tariffs sword going away and it is back to business as usual and considering that most of the sectors are kind of still awaiting to know about the tariff and its implications, pharma is one sector where that has been taken care of. Hence, pharma is rallying, that is my it is definitely positive for the overall steel industry. We have to remember that globally also demand for steel is going up and naturally price hike in the domestic scenario is also expected. The uncertainty is not around demand or the price hike but the uncertainties are company specific. JSW Steel , we will definitely want to hear what is their strategy about Bhushan Steel, that is a huge problem which has been created in the recent past post the Supreme Court order and one needs to understand how that will get is very critical for JSW Steel at this stage. Of course, coking coal prices of the entire industry will be interesting to understands the trend and what the management commentary is for multiple companies not only JSW Steel because that is a very-very critical ingredient as far as steel making is and large, we believe that the industry margins would have improved in this current quarter for which results will come out. Top line depends on company specific like JSW Steel had a scheduled maintenance, so obviously the volume will be low, but the margin improvement will be visible.
