Search company, investor...

SMC Capitals Ltd.

smcindiaonline.com

Founded Year

1994

Market Cap

8.93B

About SMC Capitals Ltd.

Provider of financial services to corporate, institutional, high net worth individuals and other retail clients in India. The company's offerings include brokerage, investment banking, wealth management, distribution of third party financial products, research, financing, depository services, insurance broking and clearing services, and real estate advisory services.

Headquarters Location

11/6B, Shanti Chamber Pusa Road

New Delhi, 110 005,

India

91 11 4075 3333

Missing: SMC Capitals Ltd.'s Product Demo & Case Studies

Promote your product offering to tech buyers.

Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.

Missing: SMC Capitals Ltd.'s Product & Differentiators

Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).

Latest SMC Capitals Ltd. News

Daily Voice | This broking firm CEO sees China slowdown as a blessing for India; says stay invested in PSU banks

Oct 26, 2022

A stabilised inflation scenario as compared to other countries and sustainable growth in earnings of Indian companies have given FIIs more reasons to rely on India’s fundamentals, says Ajay Garg of SMC Global Securities Sunil Shankar Matkar Ajay Garg is the Director & CEO of SMC Global Securities "India will continue to outperform with the best GDP growth going forward and it is expected that the country will continue to attract more capital flows," Ajay Garg of SMC Global Securities says in an interview to Moneycontrol. A stabile inflation scenario as compared to other countries and sustainable growth in earnings of Indian companies have given foreign institutional investors more reasons to rely on India’s fundamentals, he believes. The Director & CEO of SMC Global Securities with experience of about 25 years in securities, commodities and currency markets says henceforth, the market would be closely watching the decision of the central banks which, in turn, would be monitoring the economic data points for their rate action. Thus, he sees some sideways movement along with volatility in the market for some time, which would be driven by data and policy action. Given the comfort of valuations along with improving business outlook, investors should remain invested in the PSU banks having good business outlooks. Edited excerpts of the interview: Do you expect a major fall in oil and industrial commodity prices in the coming months, given the rising fears of a global recession? The interest rate hike by the US Federal Reserve along with other major central banks has led to the prospect of global economic recession. This has resulted in a fall in oil prices along with other commodities like metals, etc from their highs. Crude prices have fallen to roughly $80 a barrel from more than $120. Domestic steel prices corrected almost 40 percent in the last six months on subdued export orders in the wake of the 15 percent export levy. Going forward, the prices may remain under pressure on the back of aggressive interest rate hikes by the major central banks and the Russia-Ukraine war. Moreover, the sluggish data from the major crude oil importer China indicates that both crude and industrial commodity prices may get hit to some extent. Do you see a major shift in FII money from China to India in the coming years? Yes, a slowdown in China is a blessing in disguise for our economy. Besides, foreign investors, disenchanted with the regulatory uncertainty in China, are now getting attracted towards India’s growth story. Actually, a stabilised inflation scenario as compared to other countries, sustainable growth in earnings from Indian companies gave FIIs more reason to rely on India’s fundamentals. India will continue to outperform with the best GDP growth going forward and it is expected that the country will continue to attract more capital flows. After the recent corporate earnings and reduction in NPA accounts, do you see valuation comfort in PSU banks? Also, are you taking positions in the same? The effort of the central bank and the central government to clean up the stressed balance sheets of banks has injected a new lease of life and many of them are now presenting a good investment opportunity at attractive valuations. The net interest margins of PSU banks have expanded over time, return on equities is also improving and growth is coming back. Given the comfort of valuations along with improving business outlook, investors should remain invested in the PSU banks having good business outlooks. Do you think the downside as well as the upside in IT stocks will be capped for a couple of quarters? Are you turning bullish on the space now? The global recession is expected to impact the business of Indian IT and digital transformation services. Even as high attrition rates continue to hurt the IT services sector, companies seem to have begun cutting their hiring plans. On the flip side, the consistent growth in the cloud computing business of IT companies and rupee depreciation will certainly cap the downside. However, in the long term, the IT sector looks promising. Do you expect a significant impact of rising interest rates on real estate? Do you think one should invest in real estate stocks in a portfolio or should avoid them now? The real estate sector is banking on the demand momentum despite higher interest rates and biting inflation. The recent festive season has brought more energy to the sales, especially commercial and premium residential, and the real estate developers are confident that this momentum will continue.

SMC Capitals Ltd. Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

SMC Capitals Ltd. Rank

SMC Capitals Ltd. Frequently Asked Questions (FAQ)

  • When was SMC Capitals Ltd. founded?

    SMC Capitals Ltd. was founded in 1994.

  • Where is SMC Capitals Ltd.'s headquarters?

    SMC Capitals Ltd.'s headquarters is located at 11/6B, Shanti Chamber, New Delhi.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.