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In an interview, Union Minister Smriti Irani stated that global leaders are confident in Prime Minister Narendra Modi’s comeback following this year’s elections
Neeraj Chadawar says: “We are identifying the stocks which are contributing to the ancillary demand of the manufacturing cycle. One stock which we identified is Amber Enterprises. The next is Sansera Engineering. This is auto ancillary company and in over a year this company has de-risked its portfolio which was earlier concentrated into IC engine.”
There are many sectors which are dependent on the policy push by the government, but defence as a sector which has come into focus in the last three years is probably more impacted by policy direction as the government is the biggest spender on defence and it this government focus on indigestion that has changed the fortune of the domestic defence manufacturer and contractor. Probably that is the reason why after state elections as the street felt that there is high probability of continuity in policy post May 24, defence stocks are the ones which again inched upward. With the assumption that...
According to Madhavi Arora, Lead- Economist, Emkay Global Financial Services, the BJP returning to power in 2024 is seen to be positive for policy continuity and long-term growth.
The Sensex has risen to 70,000, slightly ahead of nominal GDP, indicating a multi-year bull run and rapid economic expansion. The longer-term trend is based on India's promise to double its nominal GDP in dollar terms in under a decade. Post-Covid inflation has helped companies regain pricing power, but investment-led growth is expected to drive the next stages of the market rally.