7 months ago
SMIFS' Sharad Avasthi Cautions on Precious Metals
Sharad Avasthi, a market expert, talked about some important things on Wednesday.
He said that gold and silver might be risky to invest in right now because their prices are high.
He also shared his thoughts on three companies: Tata Technologies, Infosys, and Tejas Networks.
He thinks Tata Technologies might do better soon, but Tejas Networks is still risky.
Infosys's next set of numbers will be important to watch.
He said that the IT sector is still waiting for more companies to share their results to get a better idea of how things are going.
Sharad Avasthi cautioned that precious metals like gold and silver have elevated risk at current price levels.
He noted that the IT sector is still in a phase of deal wins ramp-up, with limited data from quarterly results so far.
Tata Technologies Ltd's management commentary has been encouraging, with a potential turnaround expected.
Tejas Networks Ltd may see improvement, but it remains a risky investment due to past performance.
Infosys Ltd's upcoming Q3 results and guidance will be closely watched, with potential for improved outlook.
- Who
- Sharad Avasthi, Head of Research (PCG) at SMIFS
- What
- Cautioned on precious metals and shared outlook on select IT and technology stocks
- Where
- Not specified (discussion likely took place in a professional setting)
- When
- Wednesday (specific date not mentioned)
- Why
- To provide market insights and analysis on precious metals and IT sector performance
Key facts
- Expert
- Sharad Avasthi, Head of Research (PCG) at SMIFS
- Stocks Discussed
- Tata Technologies Ltd, Infosys Ltd, Tejas Networks Ltd
- Precious Metals Risk
- Elevated at current price levels
- Tata Technologies Earnings
- Scheduled for January 16
- Infosys Earnings
- Set to announce Q3 results
Quotes
Sharad Avasthi
Head of Research (PCG) at SMIFS
“On balance, we would see that more ramp-up is happening with respect to the deal wins that the companies have had over the period of time. As of now, there's not much to talk about. As and when more companies come out and how the outlook pans out with respect to the global scenario, that is something we are keenly looking at. Right now, we are still talking about a small set of companies that have come out with their quarterly numbers. So, there's not much to take away from whatever we've seen.”
businesstoday.in
“The forward-looking numbers would be interesting to watch out for. In terms of guidance, there is a possibility it would improve. We are keenly watching the quarterly numbers and large deal wins would be something we would be focussing on”
businesstoday.in
Sources
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