Shailendra Kumar maintains positive outlook on banking, automobiles, and the consumer internet sector. Notably, the chemicals sector appears to be regaining momentum based on March quarter results.
Identifying companies with highly attractive valuation multiples in a bull market is always challenging. Right now, largecap stocks are better priced, says Shailendra Kumar.
Sectors related to government capital expenditure will continue to do well in FY25. Companies involved in infrastructure work, defence production, electronics manufacturing will report strong earnings growth in FY25, says Shailendra Kumar.
Shailendra Kumar of Narnolia Financial Services expects strong earnings growth in the capital goods sector, primarily on the back of elevated government capex
While the fiscal deficit, changes in taxation, and capex will grab the headline; Shailendra Kumar will be tracking the initiatives towards reviving rural consumer demand very closely during the forthcoming interim budget.