“The Indian markets have achieved a overdue global peers this year, with Asian and developed markets that rise by 25-30%. But that gap is narrowing,” Patil now told Et. “The profit growth, which has been delayed since last year, is Bottom. The second half should see a growth of 10-12% on the back of GST speed reductions, stronger consumption and demand appeal.”
Although the Q2 income can remain filled in due to tariff disturbances and initial GST adjustments, Patil said that reforms and interest letings would revive sentiment. “Consumption-guided sectors such as cars, FMCG, white goods and clothing will see buoyancy. Even a marginal increase in volumes, combined with margin wins of GST-eating cuts, can support recovery,” he said.
On sectoral prospects, Patil emphasized metals, cement, cars, domestic pharmaceutical and NBFCs as likely outperformers. “Industrial plays such as power and transmission can also cause strong growth in view of their order books. Banks will, however, remain filled in in the short term with growth of the mid-single figure, although the valuations are reasonable,” he noticed.
Patil turned to FII outflows and said that the sale was largely due to expensive valuations and weak relative growth in India. “The depreciation of the rupid has already taken place. Exportors are gaining, and with India’s UnderPerformance that limits the valuation gap, Fii’s will eventually return. Their property in Indian shares is at a lowest point in 20 years, so that the limited room for further sale remains,” he said.
Patil expects worldwide tariff reductions and the policy support of India to withdraw new capital inflow. “The short -term image is reached, but the outlook in the medium term is stronger. As the winning in the second half, the markets will go back,” he added.
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