We preferred India equities over the U.S.; in the event both performed well. We predicted geopolitics would remain a headwind, we expected domestic flows would improve, and noted that RBI rate hikes typically preceded equity rallies.
The differential with alternate fuels like petrol and diesel is the highest in Mumbai and probably the lowest in IGL’s case, because in Delhi the
And if we do not go beyond that and do start falling again, yes, we can create a case that this will become a further
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