Bajaj Finance may outperform HDFC Bank in 2025: Sandip Sabharwal
«These numbers if they are the first phase of sort of a revival cycle in the overall growth and if they are able to revive growth to between 15% to 20%, then there could be potentially some upsides,» says Sandip Sabharwal, asksandipsabharwal.com.
Let us start with Avenue Supermarts and the entire consumption kind of takeaways that we are getting so far. The auto sales data has been slightly better than expected. Avenue has started the numbers for the consumption vertical and it looks like they have managed to beat expectations.
Sandip Sabharwal: So, auto sale numbers were mixed, so some companies like Hero MotoCorp, etc, who are habitual in pushing out inventories hugely, there the decline was quite substantial. Other companies held on. Maruti and M&M did very well. Eicher did very well. So, it is mixed, but it is not bad.
So, the probability that things could potentially improve is much greater than they will deteriorate. Similarly, on the retail side, two-three of these retail companies V-Mart, D-Mart, and one more company I forget, so all of them have reported quarter three sales numbers which look quite encouraging in the context of the overall slowdown paradigm which is playing out as well as GST collection moderation in December.
But D-Mart’s growth is the highest in the last several quarters. Now, whether this is consumers gravitating towards cheaper options in light of pressure they are facing or there could be an overall consumer revival playing out that we will know when other retail companies also
