Manish Sonthalia of Emkay Investment Managers highlights the impact of macroeconomic changes on India’s market, particularly regarding de-dollarisation and fiscal policies. He notes the benefits for discretionary spending and consumption stocks due to income tax savings and potential growth in government salaries. Additionally, he emphasizes valuation concerns in capex stocks despite government initiatives.
IndusInd to provide for Rs 1,960 cr losses in Q4, to take action against staff
Appointed firm submitted its report on April 26, determining that the cumulative adverse impact on the bank’s profit and loss account stood at ₹1,959.98 crore
April 28, 2025