The global brokerage believes wealth managers are well-placed to ride on India s economic growth and financialization of savings, especially in capital markets. Leading players will benefit from strong inflows and operational efficiencies to deliver 20-22% profit CAGR over FY24-27E. A rise in the share of trail fees (70-75% by FY27E) improves earning visibility and supports valuation re-rating
Europeans will buy almost 9 million fewer electric vehicles between 2024 and 2030 because of high prices, insufficient range, and clunky recharging, UBS said.
Demand trend in the quarter will be largely similar to the last few quarters, with subdued operating environment and volume traction at an overall level, wrote Jefferies analysts