India Inc – Wheels are beginning to come off

Investors need to be selective, stick to quality names, and be ready to face more episodes of volatility

Sachin Pal
April 18, 2023 / 09:47 AM IST
India Inc – Wheels are beginning to come off

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PRO Only Highlights
-  Quarterly performance largely backed by improved realisations
-  Medium-term triggers China plus and protectionist measures for tyre industry
-  Valuations not inexpensive; but improved medium-term outlook

Highlights Green energy sector to be impacted by Adani Saga Tech layoffs accelerated in Q1 2023 Tailwinds for import substitution and China+1 theme are reversing European manufacturing set to make a comeback in 2023 El Nino is a big threat to rural consumption Prepare for more events like SVB collapse India's economy demonstrated strong resilience throughout 2022 despite a challenging external environment. While the country saw some signs of demand moderation in the second half of the fiscal FY23, the downside risks to India's growth are...