Latest news with #YogeshPatil
The Hindu
12 hours ago
- Business
- The Hindu
Solapur-CSMT Mumbai Vande Bharat Express to run with 20 coaches from August 28
The Central Railway has announced that the Solapur-CSMT Mumbai Vande Bharat Express will run with 20 coaches, providing additional capacity and enhanced travel convenience for passengers, from August 28, 2025. Responding to growing demand, the Solapur Division has decided to augment the train with four more Chair Car coaches, adding 312 seats to its total capacity. Train No 22225 CSMT Mumbai-Solapur Vande Bharat Express will run with the new 20-coach configuration from August 28, while Train No 22226 Solapur-CSMT Mumbai Vande Bharat Express will follow suit from August 29. With the upgrade, the train will now consist of two Executive Chair Cars offering 52 seats each, 16 Chair Cars with 78 seats each and two Chair Cars placed next to the Loco Pilot and a Guard Cabin with 44 seats each. Among the largest Vande Bharat rakes The overall seating capacity will increase to 1,440 passengers, making it one of the largest Vande Bharat rakes in service. Railway officials said that the expansion will ease passenger rush and make travel between Solapur and Mumbai smoother and more convenient. Senior Divisional Commercial Manager of Solapur Division Yogesh Patil noted that the Solapur-Mumbai Vande Bharat has emerged as one of the most sought-after services in the region. 'With the addition of the new coaches, passengers will get better access to premium travel facilities on this iconic train. We appeal to the public to make the most of this upgraded facility and enjoy the enhanced Vande Bharat experience,' he said.
Indian Express
4 days ago
- Indian Express
Solapur–Mumbai Vande Bharat Express set to get 4 additional chair cars
The Central Railway has announced an upgrade of four additional chair cars to the Solapur–CSMT Mumbai Vande Bharat Express. Aimed at catering to increased passenger demand, the upgrade will come into effect from August 28 and 29, for the respective up and down services. According to the Central Railway, Train No. 22225 CSMT–Mumbai to Solapur Vande Bharat Express will operate with the enhanced composition from August 28, while Train No. 22226 Solapur–CSMT Mumbai Vande Bharat Express will run with the new 20-coach formation starting on August 29. The Solapur–CSMT Mumbai Vande Bharat Express will now have two executive chair car (EC) coaches with 52 seats each, 16 chair car (CC) coaches with 78 seats each, and two special chair cars with 44 seats each, located next to the loco pilot and guard cabins. The revised seating capacity will be 1,440 passengers, according to the Central Railway. The upgrade adds 312 new seats to the earlier composition, providing passengers in the busy Mumbai–Solapur sector with more options, the railway said. 'This upgrade will provide more seating capacity, better convenience, and smoother travel for passengers between Mumbai and Solapur. The four additional coaches will provide 312 more seats for passengers,' a Central Railway official said. In a statement, Yogesh Patil, Divisional Commercial Manager, Solapur, appealed to passengers to use the improved service, which he said was part of an effort to meet the rising demand and offer a premium travel experience on one of the country's flagship trains. The Vande Bharat Express, known for its speed, comfort, and modern design, remains a preferred choice for intercity travellers, the Central Railway said.
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Business Standard
05-08-2025
- Business
- Business Standard
Markets seem to have priced in earnings downgrades: Yogesh Patil, LIC MF
It has been a nervous few trading sessions for the Indian stock markets as they grappled with US tariff-related developments amid June 2025 quarter earnings season back home. Yogesh Patil, chief investment officer for equity at LIC Mutual Fund, tells Puneet Wadhwa in an email interview that though near-term uncertainty around trade wars may impact the investment decisions, in the medium-to-long term, capital is expected to flow into emerging markets. Edited excerpts: Have the US tariffs taken the wind out of the sails of Indian markets? The imposition of tariffs by the United States on most countries has introduced heightened uncertainty across global equity markets. While this environment remains uncertain, especially in the equity markets, India is relatively well-positioned to navigate these challenges. In fact, Indian exporters may benefit from the shifting trade landscape, as higher tariffs on competing nations could enhance the competitiveness of Indian goods in the US market. Are the markets over enthusiastic about corporate earnings growth? Markets seem to have largely priced in recent earnings downgrades. We anticipate earnings growth from emerging sectors, particularly capital goods, power, and allied industries. These opportunities are predominantly found in mid- and small-cap segments. In the near-term, price movements are expected to remain stock-specific. Some large-cap stocks that have shown muted earnings growth over the past year or two may continue to remain under pressure. ALSO READ | Use any tariff-triggered market correction to buy, says Jitendra Gohil What has been your investment strategy thus far in calendar year 2025 (CY25)? Our investment philosophy focuses on identifying and investing in companies with strong management, scalable business models, earnings growth, and capital efficiency. While equity markets are currently trading within a narrow range, we remain focused on sectors and businesses where we have clear visibility of earnings growth over the next three to five years. We do not take cash calls in our equity portfolios; most of our funds remain fully invested. Any temporary cash holdings could be as a result of ongoing inflows. How are you positioned regarding IT Services, Banks / BFSI, Metals and the FMCG sectors? We maintain an underweight stance on the IT sector. While select companies offer niche opportunities, the broader sector continues to face a subdued demand environment. In contrast, we are overweight on financials, particularly private sector banks and NBFCs. Despite some concerns around asset quality in segments such as unsecured retail and MSMEs, the sector may remain fundamentally stable for medium-term investment. Key tailwinds include rising rural incomes, lower household tax burdens, implementation of pay commission recommendations, and easing inflation. We remain underweight in metals due to ongoing global uncertainties and volatility in commodity prices, which continue to pose risks to earnings visibility. What's the road ahead for foreign and domestic flows into Indian equities? Indian macroeconomic fundamentals are stable and offer good growth visibility in the medium term. Near-term uncertainty around trade wars may impact the investment decisions but in the medium to long term, capital is expected to flow into emerging markets. A depreciating dollar and potential credit rating downgrade of the US may gradually encourage capital outflows from the US, potentially moving into emerging market equities – including India and towards precious metals. We anticipate increased inflows from both domestic and foreign investors over the next three to four quarters. Can CY25 be the year of debt as investors seek safety amid uncertain markets and falling interest rates? Falling interest rates tend to support both equities and fixed income assets. Fixed income investors benefit from capital gains on existing bond holdings, while equity investors may see gains from lower cost of capital and expanding valuation multiples. Reduced interest expenses can improve corporate profitability and stimulate consumer demand, potentially encouraging companies to undertake capital expenditure and expand capacity. Additionally, a benign inflation environment can help sustain low interest rates, creating a favourable backdrop for equities to perform well following a period of consolidation. In this context, investors are advised to maintain discipline in asset allocation, aligning investments with long-term financial goals and risk tolerance, rather than reacting to short-term market movements.
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Business Standard
05-08-2025
- Business
- Business Standard
Markets seem to have priced in recent earnings downgrades: Yogesh Patil
Yogesh Patil of LIC Mutual Fund believes that trade near-term uncertainty around trade wars may impact the investment decisions for now. premium Listen to This Article It has been a nervous few trading sessions for the Indian stock markets as they grappled with US tariff-related developments amid June 2025 quarter earnings season back home. Yogesh Patil, chief investment officer for equity at LIC Mutual Fund, tells Puneet Wadhwa in an email interview that though near-term uncertainty around trade wars may impact the investment decisions, in the medium-to-long term, capital is expected to flow into emerging markets. Edited excerpts: Have the US tariffs taken the wind out of the sails of Indian markets? The imposition of tariffs by the United States
Time of India
18-07-2025
- Business
- Time of India
Mid and smallcaps to lead the next growth cycle: Yogesh Patil
"We believe that over the next two years, these investments will start reflecting in revenue and profitability. Corporates have also deleveraged, so India Inc. is in a stronger position. There is still headroom for growth through leverage. Rural consumption is also picking up, supported by better monsoons and softening prices. Overall, we think the worst is largely behind us. Over the next two quarters, as global uncertainties like tariffs and conflicts begin to settle, we expect improved and stable growth from India. While India may temporarily enter a low GDP growth phase with high liquidity, specific sectors—particularly market leaders and emerging ones—are driving the growth narrative," says Yogesh Patil , LIC Mutual Fund . How are you analyzing the domestic macro tailwinds we currently have, alongside the global headwinds and uncertainties? How do you think the market is balancing both? Yogesh Patil: India's domestic macros are definitely in a good place. We have a controlled fiscal deficit, manageable inflation, and a favorable current account deficit. The RBI and the government have done a phenomenal job. After three to four years of high growth, India might see slightly sluggish growth this year. From next year, we expect better growth. 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Manufacturing, in particular, could emerge as a big winner in this global reset of supply chains. Globally, of course, the situation remains uncertain and keeps evolving. But for India, while there may be short-term hiccups, the medium- to long-term story remains strong. We're seeing structural trends emerge—new sectors like defence, EMS, data centers, renewable energy, and railways are witnessing significant capex. Specialty chemicals too are in focus. We believe that over the next two years, these investments will start reflecting in revenue and profitability. Corporates have also deleveraged, so India Inc. is in a stronger position. There is still headroom for growth through leverage. Rural consumption is also picking up, supported by better monsoons and softening prices. Overall, we think the worst is largely behind us. Over the next two quarters, as global uncertainties like tariffs and conflicts begin to settle, we expect improved and stable growth from India. While India may temporarily enter a low GDP growth phase with high liquidity, specific sectors—particularly market leaders and emerging ones—are driving the growth narrative. Live Events Sectorally, what is your view on the banking space, especially the public sector banks? We've seen renewed interest recently and a large QIP from one of the leaders. How do you see PSU banks right now? Yogesh Patil: Broadly, BFSI looks promising, but we need to bifurcate between public and private banks. For consumer banking, we believe private banks are better positioned, though PSU banks are currently attractively valued. So, it depends on whether you're prioritizing valuations with limited growth or are willing to pay a premium for higher growth. That said, with the current credit growth, both private and PSU banks can grow from here. Valuations across the banking sector look reasonable. The RBI has provided ample liquidity, and we expect a pickup in credit growth in the second half, aided by liquidity and controlled inflation. The base is also resetting. In terms of your portfolio construct, where are you most overweight by market cap? Are you playing it safe with largecaps, or does the conviction in the broader market continue? Yogesh Patil: As a house, different funds have varying allocations across large, mid, and smallcaps. But our core focus is on quality and earnings growth. Currently, the strongest earnings growth is visible in emerging and new sectors, and many of their leaders are found only in the mid- and smallcap space. So, we are selectively overweight on small- and midcaps. We believe the structural trends in sectors like data centers, defence, exports, and power are irreversible. Most capital goods companies, too, are in the mid- and smallcap segments. So, if you follow earnings growth, your allocation naturally leans towards these segments. Of course, allocation varies from fund to fund, but overall, we are relatively higher on small- and midcaps due to the strong opportunity and earnings visibility. Given the churn underway across sectors, which sectors do you believe may underperform in this market upcycle? Yogesh Patil: It's tough to point out specific sectors, but based on our understanding, the ongoing tariff issues are creating challenges for major exporting countries like China. Commodities and commodity chemicals from countries with surplus capacity could flood other markets. So, we are currently avoiding sectors where competition is intense and capacity is excessive—especially where global trade boundaries are unclear. This includes not just commodity chemicals or metals, but potentially building materials, polymers, and pipes as well. The threat of higher imports and falling global prices due to oversupply is real—especially if the US imposes more tariffs on China. China, which exports around $1 trillion worth of goods, will need to reroute that supply. India could be a destination, which creates risk. It's hard to pinpoint exact companies or products since China exports such a wide variety. But one thing is clear: India is steadily growing in specialty chemicals, CDMO, defence exports, and domestic data centers. Apart from domestic data centers, where are you deploying your monthly fresh inflows? Yogesh Patil: We're spreading it across a few themes. The consumer sector, for instance, hasn't done well over the past two to three years, but we are starting to see green shoots in the rural economy, supported by rising real rural wages. So, we expect a pickup in consumer demand in the coming quarters and have slightly increased our allocation there. We are also gradually increasing our weight in BFSI—selectively in NBFCs and certain banks. After years of underperformance, we're seeing improving ground-level checks and overall sentiment. Plus, RBI has infused ample liquidity to support both consumption and the banking sector. So, BFSI and consumer are areas where we're incrementally deploying capital.
