Foreign institutional investors (FIIs) have increased their purchases of shares in India, leading to a revival of the Indian stock market and making it one of the best performing emerging markets. In April alone, FIIs purchased INR11,630 crore ($1.7bn) of shares, compared with INR7,935 crore the previous month. This was based on a series of factors including easing inflation both in India and the US, the Reserve Bank of India’s decision to pause rate hikes, and a good set of March quarter earnings. Financial services, automobiles and fast-moving consumer goods were among the top sectors receiving investment.
Chakri Lokapriya bullish on Indian IT, Power & PSU bank stocks for 2025
I think so whether it is Havells or even companies like Finolex Cables they have all corrected quite a lot over the last one year.
January 17, 2025