Indian markets face temporary challenges with foreign outflows and geopolitical concerns. However, top investors Ramesh Damani and Sunil Singhania emphasize that India’s fundamental growth drivers are strong. They advise retail investors to ignore short-term noise and focus on long-term wealth creation through disciplined investing and compounding. Sectors like defence, infrastructure, and energy offer opportunities.
ITC’s tobacco business is going cheap but Kotak Institutional Equities thinks market has it wrong
Kotak Securities estimates ITC’s tobacco business is valued at just 11X forward earnings, suggesting potential undervaluation. The brokerage sees stronger growth in non-tobacco businesses and