The global investment bank is of the view that margin-led EPS downgrades are likely to continue for the IT sector in Q2. QoQ growth rates should be in line or better than Q1, said the note.
The government’s new mobile phone manufacturing incentive scheme is set to favour companies with scale, export capabilities and strong domestic supply chains. Motilal Oswal said
Nomura expresses strong optimism for five key Indian real estate stocks, identifying Prestige Estates as their top choice within the sector. The brokerage also endorses
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