Stocks of auto OEMs and component makers have fallen sharply due to FII sell-offs and earnings downgrade expectations. The upcoming Union Budget is anticipated to address industry demands for GST rate simplification, hybrid vehicle GST reduction, and improved PLI schemes. Despite superior 1-year returns, the BSE Auto index has struggled over the past six months.
Andrew Freris cautions investors on overheated US equities and rate-cut hopes
Andrew Freris criticizes the Federal Reserve’s rate cut, deeming it based on outdated data and ignoring accelerating inflation. He maintains a negative outlook on US