The brokerage said a likely positive shift in fundamentals is not in the price and it expects Indian equities to recover the lost ground against its peer group through the rest of 2025.
SpiceJet shares spiked intraday as operational disruptions at rival IndiGo boosted demand for its services. Despite the short-term rally, the stock remains fundamentally weak, with
Indian stock markets are at a key turning point. Experts predict a strong rally over the next two to three years, potentially delivering 40-50% returns.
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