Holistically the markets move in cycles and it has the tendency to be forward-looking. Therefore, both the good and the bad news gets discounted before it has truly occurred. The news that the West could go into recession is no longer ‘NEWS’. It has been fairly discounted by the market like it had discounted previous major events.
Amber venturing into railways, electronics holds greater promise
The company is the India market leader in contract manufacturing of ACs, a business where it is facing challenges due to brands increasingly turning to