Rajiv Batra of JP Morgan discusses the positive macroeconomic indicators in India, including PMI prints, the Sagar Mala initiative for waterways, and upgraded GDP forecasts. He highlights the growth potential in sectors like water transportation and domestic manufacturing. Batra says: “We are much more positioned on domestic cyclicals, domestic demand, which keeps us overweight on still financials, autos and real estate overall.”
Savy Infra shares list at 14% premium over IPO price
Savy Infra’s shares debuted on the NSE SME platform with a 13.75% premium, listing at Rs 136.5 against an issue price of Rs 120, driven