In the upcoming bull run, NBFCs are anticipated to excel with a 15-20% upside potential, driven by potential interest rate changes in FY2024 Q2. Equity markets have shown recovery post dip, supported by positive macro-economic indicators and forecasts. Chauhan says: “Sectors like automobiles & components, banks/diversified financials, gas utilities and pharmaceuticals are expected to report a YoY increase in the net income.”
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