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Angel Broking Top picks

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Angel Top Picks - May 2018

Market broke from the falling streak in the month of April and recovered 5% that it had lost since the beginning of the year. Overall, BSE 200 benchmark returns have been decent 15% in the past 1 year. Now, the focus has turned on Q4 earnings and the growth in earnings ( amid good monsoon forecast) is slated to revive in coming financial ..

Market continued to fall for the second consecutive month ( YTD return (-)5%) in the month of March amid various macro concerns like rising US bonds yield and oil prices etc. Further, LTCG concerns also led to profit booking towards the end of FY2018. However, this correction has also come after a decent rally we had seen in January 2018...

Sensex has cooled off a bit in the month of February post budget announcement amid various concerns like inflation, PNB scam, LTCG, rising US bonds yield etc. However, this correction has also come after a decent rally we had seen in January 2018. Moreover, BSE 100 benchmark returns have been decent 18% in the past 1 year. Now, the growth..

The budget for 2018-19 has reinforced the government’s agenda to bring reforms and improve macros. The FM maintained FY2018 fiscal deficit target of 3.5% and has set a target of 3.3% for FY2019, which is slightly higher than the earlier target of 3%. However, with improving tax compliance and GST collection, the target looks achievable. I..

2017 has been a strong year for Indian equities, Indian markets were among one of the top global equity markets with ~28% returns in the calendar year 2017. The positive trajectory is expected to continue in CY2018 with expectations of revival in corporate earnings, lower interest rates and continued inflow by domestic investors. 2018 is ..

The 6.3% GDP growth in 2QFY2018 indicates that growth in the economy is rebounding, and we believe that, Indian economy is primed for growth with implementation of GST reform, strong macros and uptick in the global economy. Our belief in the India story continues to remain strong with positive sales data reported by the automobile compani..

With 5.3% returns, October proved to be the best month for Indian equities in the last 19 months. While the government signalled its pro growth stance through its bank recapitalization and aggressive capex in the road infrasstrucutre, the 30 rank jump in the World Bank’s ease of doing busijess proved to be sentimental booster. While marke..

Over the last 3 years, Indian macros have seen a remarkable improvement such as shrinking of the twin deficits, acceleration in foreign exchange reserves, rupee appreciation, etc. With low interest rates, equities continue to remain an attractive asset class against fixed income, moving huge inflows in the equity markets. As domestic infl..

After the geopolitical tensios have cooled off, Indian markets have regained the growth momentun with the both Sensex and Nifty trading near its peak levels. Macros have continued to improve while foreign trade is showing signs of recovery. Indian markets are currently trading slightly at premium to its 10 year average, however with doubl..

While the markets have seen 21% returns in CY17, returns in dollar terms are even higher at 29%. We belive that current econmic enviornment is positive for domestic and foreign inflows. The big picture is that global economy is in healthy shape and in anticipation of faster growth, global markets have seen re-rating. We continue to remain..

Jul 06th 2017

Top Picks

The goods and services tax (GST) became a reality from July 1st 2017. The new indirect tax regime unifies the country by making India a homogenous market. By removing the state barriers, trade becomes easier. While GST, in the current form may not be the perfect, but it is better than the earlier tax regime and was due for long. We revisi..

Jun 06th 2017

Top Picks June 2017

The GDP data released for 4QFY17 indicates the impact of the demonetization on the economy, primarily on construction, real estate and financial services. However this impact is not expected to spill over in FY18E. We believe that GST is likely to show positive results from 2HFY17 and market in this anticipation is seeing strong rally. We..