Higher commodity prices have been one of the key reasons for earnings buoyancy over the last two years. In FY22, the global rally in commodity prices alone accounted for 50% of incremental Nifty earnings growth. Analysts said further downgrades would weigh down markets that are already trading at premium valuations.
PLI 2.0 for mobiles set to reward scale, exports; Dixon a key beneficiary: Motilal Oswal
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