FPIs are turning back to Indian equities due to the possibility that the peak of the interest rate cycle has passed and manageable current account deficit. FPIs invested nearly Rs48,838 crore in May 2023 in Indian equities, the highest in nine months.
BofA initiates coverage on Polycab, KEI with buy ratings; sees up to 22% upside
BofA expects India’s wires and cables industry to grow at a 14% compound annual rate between FY26 and FY29, supported by spending on infrastructure, renewable