Key Drivers
• Demand led manufacturing growth was the objective of the Budget, to be driven through higher consumption.
• Last couple of months stock market correction from peak levels; tables conducive opportunity offering better risk-reward ratio.
• For this report emphasis was on finding value buys having regard to probable turnaround upcycles
• Optically the companies may appear expensive in light of lower earnings due to current fiscal year business slow down.
• Going by past cycles, we believe the basket of companies under consideration will deliver better earnings growth in FY’26.
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