India Stock Market Strategy - In Fine Fettle: Prabhudas Lilladher

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.NIFTY has given 8.7% return over the past six weeks as confluence of strong FII inflows, state election results and hopes of interest rate cut in 2024 ignited the markets. Domestic demand remains mixed as rural recovery is stunted due to inflation and poor spatial distribution of monsoons while urban India is resilient. we believe that it is a passing phase and India will see significant shift in consumer wallet share towards discretionary and premium products as we move towards $5 trillion economy in coming few years. We believe trends are already visible across passenger vehicles, two-wheeler, fmcg, jewellery, mobiles, smartwatches, real estate, food delivery, fintech and travel etc..India is in the most transformative phase in its history with massive Infrastructure development (highways, logistics, ports, railways, metro), defense, production linked incentive and significant increase in domestic demand with rising income levels and youngest population globally. Markets have been exuberant post state election results as chances of ruling NDA coming to power post elections has increased significantly, however it remains the biggest risk also. We remain positive on banks, capital goods, hospitals, pharma and discretionary consumption. NIFTY is trading at 10.8% discount to 10-year average with 12.6% earnings per share compound annual growth rate over FY24-26. We increase our base case NIFTY target to 24544 (22584 earlier) with clear focus on quality and companies with strong balance sheets and business moats..Click on the attachment to read the full report:.Short-Term Impact Of General Elections On The Markets, Economic Indicators: Motilal Oswal's Analysis.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

India Stock Market Strategy - In Fine Fettle: Prabhudas Lilladher

We remain positive on banks, capital goods, hospitals, pharma and discretionary consumption. NIFTY is trading at 10.8% discount to 10-year average with 12.6% EPS CAGR over FY24-26.

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

India Stock Market Strategy - In Fine Fettle: Prabhudas Lilladher

We remain positive on banks, capital goods, hospitals, pharma and discretionary consumption. NIFTY is trading at 10.8% discount to 10-year average with 12.6% EPS CAGR over FY24-26.

Choose a plan

Follow Us

DOWNLOAD THE APP