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Earnings are expected to improve in the next two quarters, as government capex is set to resume following recent elections and monsoon challenges. Madhu Kela noted that some stocks have corrected by 50-60%, providing a consolidation opportunity, while the market is adjusting to previous performance levels.
Government capital expenditure is set to increase from Rs 69,000 crore to Rs 1.16 lakh crore to achieve a target of Rs 11.1 lakh crore, according to Kotak's Nilesh Shah. He anticipates that economic growth in the second half will be bolstered by the festival and wedding seasons, alongside rising government spending. Recent state election results may enhance investor confidence, facilitating the government's reform agenda.
Nilesh Shah, Managing Director of Kotak Mahindra Asset Management, stated that foreign investors exiting the Indian markets will need to pay double to re-enter. Speaking at the CNBC-TV18 Global Leadership Summit, he emphasized that while corrections present buying opportunities, those with a one-year investment horizon should avoid equities due to potential risks.
Nilesh Shah, Managing Director of Kotak Mahindra AMC, cautions that maintaining high return expectations like those seen in Samvat 2080 may lead to disappointment in Samvat 2081. Following disappointing Q2FY25 earnings, he anticipates a recovery in the second half of FY25, emphasizing that foreign portfolio investment will continue if India demonstrates strong earnings growth and governance. Despite significant FPI selling in October, Shah believes that markets will always face challenges, but investors can profit by navigating these uncertainties.
Moneycontrol Pro has achieved a significant milestone by surpassing 1 million subscribers since its launch in 2019. The platform, which grew tenfold in five years, has been praised by industry leaders like Nilesh Shah and Samir Arora for its quality research and user-friendly app, especially in a landscape filled with free content.
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