Sandip Sabharwal believes that the declining cycle is stalling and the easing cycle might be postponed. Markets are fairly priced, and investors should be prepared for fast corrections. Companies benefiting from stable or decreasing inflation are recommended. Significant upside on the broader indices side looks tougher. It is a stock by stock approach now. Construction companies are in a positive turn with reduced competitive intensity.
Shapoorji Pallonji Group’s Afcons Infra to float Rs 5,430-cr IPO on October 25
Afcons Infrastructure Ltd, a part of the Shapoorji Pallonji Group, is set to launch a Rs 5,430-crore IPO on October 25, featuring both fresh shares