Attractiveness of Indian equities for long term investors would continue to remain strong given the healthy domestic fundamentals and strong economic growth expected over the next few years.
Sharp focus on bad loans helps IndusInd Bank tide over Covid lows.
Brokerage major outlines top picks post exit polls. Its choices among large caps are ICICI Bank, SBI, L&T, Coal India, among others. In midcaps, it likes Indian Hotels, Godrej Properties, among others
Nifty Realty Index surges over 6% and touches fresh all-time high of 834.45
The government’s ambitious manufacturing scheme has set the private capex in motion but economic outcomes will take their time coming.
After growing strongly for two years straight, real GDP growth to decelerate to 5.2% YoY in FY24, while nominal GDP to weaken sharply to 7-7.5%, says the broking firm.
Since the govt has already released 72% of its full-year budgeted allocation, it may have to allocate more funds in the range of ₹20,000 cr to ₹30,000 cr under MGNREG in FY23, says the report.
Analysts at Motilal Oswal have initiated a ‘buy’ coverage on the stock with a target price of ₹750 per share amid earnings optimism and improvement in the overall health insurance industry.
Market maven Motilal Oswal expects Indian markets to remain strong in 2020, notwithstanding headwinds. He sees opportunities for long-term wealth creation.
Though caught in a complex web of challenges—liquidity crunch, flagging consumer spend, and realignment with new reforms—hope floats for the realty sector.
