Press Articles

Will the rally in PSU stocks continue? What to buy there now?

Economic Times  | Ashi Anand | February 21, 2024

Ashi Anand, co-CIO Valcreate Investment Managers for IME Strategies, finds PSU banks, particularly SBI, attractive. Defence sector and Bharat Electronics are promising. Power, infra, hotels, and hospitality sectors show potential. Small finance banks need proven value creation. Consumer staples await demand growth. Private banks face valuation ceiling. OMCs are seen as a space where one can trade and currently there is momentum, but this is not a space where a longer-term value creation opportunity is there.

We have gone from a slightly more cautious to a more bullish outlook: Ashi Anand

Economic Times  | Ashi Anand | December 25, 2023

Ashi Anand says: “From the longer-term perspective, we are very positive on discretionary consumption. Just over the slightly shorter term, we are seeing some amount of base effect having caught up. While rural consumers who have been weak for some time are coming back, in urban consumer part, we are seeing certain pockets of weakness.”

IT, pharma likely to be biggest beneficiaries of FII inflows. Here’s why

Money Control  | Rajesh Pherwani | December 16, 2023

IT, pharma and certain banks stand to benefit from the gush of FII flows as they have taken the highest dent in FII stake since the rate hike cycle began in 2022.

Podcast: US Fed keeps interest rates unchanged, forecasts 3 cuts in 2024; IRCTC, NBCC in focus, & more | Market Minutes

Money Control  | Rajesh Pherwani | December 14, 2023

Catch the global market set up, and also hear from Rajesh Pherwani of Valcreate PMS in the Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.

Swiggy’s pre-IPO motto: execute, don’t ideate

The Ken  | Ashi Anand | November 21, 2023

"They [Swiggy and Zomato] also can increase delivery costs by, say, Rs 10-15, which will be a big push to profitability. Customers might dissent, but there aren't many alternatives in a duopoly." says Ashi Anand, CIO Valcreate IME Strategies.

With shares of Zomato trading at an all-time low in January, few would have bet on the foodtech giant pulling off a nearly 3X leap in value before the year ended. But public investors do reward profitability, after all.

‘Rest of Middle East may rely on India’: How Israel-Hamas war will impact Indian pharma exports

Business Today  | Rajesh Pherwani | October 11, 2023

Worries about essential drug shortages arise due to conflict-related impacts on trade routes

Zomato, Paytm will show sustained PAT profitability 2-3 quarters down the line: Ashi Anand

Economic Times  | Ashi Anand | September 14, 2023

When Nykaa was listed Zomato, Paytm, all of these were highly loss-making and none of them had a clear path to profitability. Nykaa, Info Edge and EaseMyTrip were the very few digital platforms that could actually make money. When listed market participants were trying to value companies, it was a lot easier to value a company which was profit making.”

India’s ‘Bits’ & ‘Atoms’: Who is winning the race?

Money Control  | Ashi Anand | September 12, 2023

Ashi Anand, Chief Investment Officer (CIO) at Valcreate Investment Managers, who runs a PMS fund named IME Digital Disruption Fund and invests in the Bits of India, is confident that internet companies will continue to outpace traditional firms as far as sales growth is concerned.

Why is the financialisation trend in India more structural in nature? Ashi Anand explains

Economic Times  | Ashi Anand | September 6, 2023

“We have seen clear trends of financialisation of savings over the last five or seven years.We can see this across the number of demat accounts being opened, the way SIP books of mutual funds have increased, growth of the PMS of the AIF industry. We are still in very early days of this trend.”

We are seeing greater value and comfort in largecaps: Ashi Anand

Economic Times  | Ashi Anand | September 5, 2023

"In the small and midcap space, we have seen very sharp run-ups especially in anything related to capital goods, defence and railways. We are more concerned around mid and smallcaps compared to the largecap space. We are seeing greater value and greater comfort in largecaps. That is broadly the way we are seeing the market."