Edelweiss India Post Conference Notes - Disruptive Innovations

Please Share::

�� India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details ��

��

-->

We present key takeaways of Day 3 of the Edelweiss India Conference 2016-Disruptive Innovations. The 3-day event (February 15-17) was a resounding success which brought together over 170 corporates and 500 investors, apart from a host of politicians and bureaucrats, resulting in over 3,200 meetings.

The day 3 schedule was much lighter compared to the previous 2 days. Mid caps across Hospitality, Logistics and Rating companies were the flavour of the day, which evinced enormous investor interest. While Hospitality companies indicated that demand was stable, Rating companies await better growth of debt markets.  Across mid-cap companies, growth and stronger balance sheets were key focus areas. Some corporates are worried about the strong USD and a weakening corporate profit picture.  Albeit, they hope that one good monsoon will mark improvement in demand and overall economy. Companies expect the government to significantly focus on rural sectors in FY17 Union Budget and anticipate the economy to clock good growth next year. They remain cautiously optimistic on FY17 prospects. Further, corporate India also seemed to echo investors' view, with most hoping that the government will provide the requisite boost with right policies and deliver on higher economic growth.

Apart from corporate-investor interactions, this year's conference has been unique in terms of investor mood, investor focus and corporate sentiments. Investors' sentiments remained optimistic about India's outlook, albeit they acknowledged that global risk persists. Apart from plenary sessions on Disruption, focus was also on government's policy action and vision. It is in this light that the session by Mr. Suresh Prabu (Railway Minister), Mr. Nitin Gadkari (Transport Minister), Mr. Anil Swaroop (Coal Secretary) and Mr. Piyush Goyal (MoS for Power, Coal and New & Renewable Energy) generated high interest and provided investors profound insights. Also, sessions by global energy stalwarts like Mr. Kaushik Deb (Head Global Gas Analysis - BP) and Mr. Pashupathy Gopalan (Asia President - SunEdisson) on the renewable energy outlook attracted large crowds.

Overall, investors and corporate India seem cautiously optimistic about FY17 prospects with both acknowledging that things seem to be moving on the right track, albeit the global risks persists. Not only did the Edelweiss India Conference 2016-Disruptive Innovations provide several opportunities to participants to discover the potential of the Indian economy, it was also successful in facilitating a robust platform for investors to interact with corporates.

LINK
https://www.edelweiss.in/research/Edelweiss-India-Post-Conference-Notes--Day-3--Disruptive-Innovations/31625.html