Modi 3.0 – The Coalition Avtaar: Dolat Capital

"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..Dolat Capital Report.The General Election 2024 results realign the political landscape for India with coalition era back to the fore. The BJP emerges as the single largest party but short of a simple majority making it dependent upon the allies for running the government. Market disappointment was visible in the negative reaction as apprehensions of slowdown in decision making and policy reforms cast a shadow..We have been highlighting the Modi premium for India Equities – our estimates for the same have varied between 10-20%. We believe that premium is now diluted as the new government is formed under the coalition era and that limits the political veto that the market was pricing in. That essentially leads us to the scenario where multiples will converge towards 16-19x range vs the 18-22 that we have been used to since Covid. And the concomitant impact of this will be the index returns shall be muted in the best case in our view, and a cut of 12-15% in the worst case..Click on the attachment to read the full report:.Lok Sabha Elections 2024: Global Leaders Congratulate PM Modi For Securing Third Term.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."

Modi 3.0 – The Coalition Avtaar: Dolat Capital

Modi premium is off – Implies muted index returns, move to passive, and defensive and watch

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Modi 3.0 – The Coalition Avtaar: Dolat Capital

Modi premium is off – Implies muted index returns, move to passive, and defensive and watch

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