Nifty Valuations Near Average; Earnings Upside Likely from Banks, Manufacturing: Aditya Kondawar
AI Summary1 min read
TL;DR
Indian equity markets may see positive earnings surprises in 1-2 years, driven by banking, manufacturing, and auto sectors, with valuations near long-term averages and potential rebounds in pressured sectors.
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Indian equity marketsearnings surprisesbanking sectormanufacturingvaluations
Indian equity markets may see positive earnings surprises in the next 1-2 years, driven by banking, manufacturing, and auto-linked sectors. Valuations are near long-term averages, and sectors under pressure, such as banking and export-oriented sectors, are poised for a rebound. Complete Circle Capital sees high conviction in banking and financial services, with private sector banks and select PSU banks as top picks.
