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
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.
