Indusind Bank, Wipro, Infosys, TCs are Emkay’s preferred speaks in the midst of volatility. This is why

In the midst of increased trade tensions and market volatility, Emkay Global has identified a link of value and quality shares that it thinks could perform in the coming months. Birlasoft, Indusind Bank, Gujarat State Petronet and Oil India are among the best value bets based on their attractive valuations, improving profit growth, higher dividend payment and significant corrections of their 52 weeks of highs. From Emkay’s own coverage universe, Birlasoft, Indusind Bank and Equitas Small Finance Bank also strongly screen on these statistics.

The brokerage again highlights Birlasoft’s with names with large caps, Infosys, Bharti Airtel, Hindustan Unilever and Wipro-for their strong free cash flow generation, return on equality above 12%and still among long-term averages. These companies, EMKay said, combine financial resilience with consistent profitability and can offer relative safety because markets navigate with macro uncertainties.

In the meantime, the broader market has come under pressure after new trading actions have led to the fear that the conflict has expanded further than goods to record services – a crucial pillar of the Indian economy. A walk in H1B visa costs and a 100% conditional rate on the import of pharmaceutical imports only had a limited direct impact on Indian companies, but the escalation rattled the investor sentiment.

Emkay expects markets to remain volatile in the short term until a trade agreement has been reached between India and the US. Progress is underway, with the Indian Minister of Trade currently in Washington to promote negotiations, but brokerage notes that repeated delays have kept investors carefully. It is of the opinion that a deal will eventually be closed and that many of the announced measures can be reversed, although the market will probably only represent after the agreement has been completed.

Despite the uncertainty, Emkay sees opportunities in cars, discretionary consumers, capital goods and NBFCs – sectors that describes it as “good places to hide” until sentiment improves. It remains particularly optimistic about discretionary games of consumers, stimulated by early signs of demand information after the introduction of GST 2.0.

Interviews with passenger vehicle and two-wheeler traders point to a robust sale of public holidays, with volumes that are expected to grow by 20-25% between September and November. Price reductions have stimulated the demand for vehicles at entry level, especially among first buyers, while some consumers also choose to upgrade to premium models. EV’s question has remained stable despite changes in the prices. On the back of these trends, the growth meter expectations in the industry for FY26 have been revised to 4-5% for two-wheelers and 7-8% for passenger vehicles. Dealers expect that the momentum will remain strong during the festive period before they normalize later in the year (disclaimer: recommendations, suggestions, views and opinions that the experts give are their own. These do not represent the views of economic times)