financetom
Market
financetom
/
Market
/
'Not going anywhere': HDFC AMC's Prashant Jain on reports of exit from firm
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
'Not going anywhere': HDFC AMC's Prashant Jain on reports of exit from firm
Sep 29, 2020 3:45 AM

HDFC AMC CIO and executive director Prashant Jain on Tuesday denied all the speculations and claims about his exit from the firm.

"I am not going anywhere," Jain said in an exclusive interview with CNBC-TV18.

Speaking about markets, Jain said value has underperformed growth in the market. He advised to be cognizant of current interest rates in the market.

"A fair bit of companies where the dividend yields will not just sustain, they will grow. In few spaces strong, large companies, which are not losing comparativeness, continue to grow,” he said.

Jain further added that it won't be difficult for equities to beat the low cost of capital in returns.

Speaking about SBI, he said the price performance of the lender has disappointed. He, however, added, "We don’t think SBI as a franchise is at risk."

On FMCG, he said the topline growth for the companies hasn’t been good.

"Bharti Airtel underperforming as it was a consensus buy," he added.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Commodities hit record highs; experts discuss the road ahead
Commodities hit record highs; experts discuss the road ahead
Mar 8, 2022
The surge in commodity prices continue and how will the current sanctions impact global crude supplies and other commodities? To discuss this CNBC-TV18’s Manisha Gupta spoke to Guy Wolf, Global Head of Market Analytics at Marex and Ole Hansen, Head of Commodity Strategy at Saxo Bank.
Rupee inches 3 paise higher to 76.90 against US dollar
Rupee inches 3 paise higher to 76.90 against US dollar
Mar 8, 2022
At the interbank forex market, the local unit opened at 77.02 against the greenback and witnessed an intra-day high of 76.71 and a low of 77.05.The rupee finished at 76.90, registering a rise of 3 paise over its previous close.
Stock Market Highlights: Sensex ends 581 pts higher, Nifty50 reclaims 16,000; TCS, TechM, Wipro jump 3%
Stock Market Highlights: Sensex ends 581 pts higher, Nifty50 reclaims 16,000; TCS, TechM, Wipro jump 3%
Mar 7, 2022
Stock Market LIVE Updates: Indian equity benchmarks Sensex and Nifty50 ended a choppy session higher on Tuesday, amid gains in financial and IT shares, halting a four-day losing streak. However, weakness in metal and select oil & gas stocks played spoilsport. Investors globally remained on the back foot tracking newsflow on the Russia-Ukraine war. Broader markets managed to stay above the flatline throughout the day, with the Nifty Midcap 100 and Nifty Smallcap indices finishing with gains of 1.2 percent and 1.5 percent respectively.
NMDC, Indraprastha Gas, IOC and more: Key stocks that moved the most on Mar 8
NMDC, Indraprastha Gas, IOC and more: Key stocks that moved the most on Mar 8
Mar 8, 2022
Indian benchmark indices ended Tuesday's session higher with Nifty50 and Sensex closing a percent higher. The former ended at 16013.45 and the latter closed at 53424.09. Here are key stocks that moved the most in today's trading session:
Copyright 2023-2026 - www.financetom.com All Rights Reserved