Nirmal Bang’s CEO Rahul Arora sees range-bound trade in H1 2022
Nirmal Bang Institutional Equities chief executive officer Rahul Arora highlights the positives for the next year 2022 in an exclusive interview with Zee Business Managing Editor Anil Singhvi. He also mentions critical levels for the Nifty50 and a few favorite securities from his bucket.
Nirmal Bang CEO, pointing out that the index might bottom down near 16500, says the market will experience a range-bound movement of 1000-1500 points between 16500 and 18500 levels.In the first six months of 2022, he predicts a market swing between 16500-17000 on the downside and 18500-19000 on the upside. According to experts, interest rates will begin to rise from April to July 2022, posing a risk to the market, as Arora points out.
Furthermore, the market will be impacted in the coming year by the tapering of US markets as well as rising interest rates globally. Furthermore, the unlock theme has yet to take hold, albeit it is progressively expanding provided no new dent is made in the CEO mentions.There is no need to be concerned about the new covid-19 form — Omicron, according to Arora, because the impact will be modest and it poses no harm.
On the back of the unlock theme, Nirmal Bang’s CEO mentions Inox Leisure, Indian Hotels, and ICICI Pru Life as potential winners. He claims that the first stock will sell well because people have been rushing to theaters to see blockbuster releases such as Ranveer Singh’s 83.
Aside from the rising occupancy and operational leverage already in place, the hotel industry is expected to perform well in 2022. In this sense, Arora’s preferred option is Indian Hotels.According to Nirmal Bang, the third company on the list, ICICI Pru Life, is already discounted by 30-35 percent compared to its counterparts in the market and has the potential to expand much more.
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