Nilesh Shah of Kotak AMC suggests that Indian equities appear promising compared to other emerging markets, with expected earnings growth in the high single to low double digits. Despite potential market volatility and global uncertainties, a long-term investment view is advised. He anticipates outperformance in midcap IT and consumer discretionary sectors, while cautioning about potential real estate and commodity disappointments.
Amnish Aggarwal of Prabhudas Lilladher reports uneven consumer spending due to a mild summer. This impacts durables and staples. Capital goods and travel sectors are performing well. Pharma and healthcare are also showing good numbers. Power demand is down due to the weather. IRCTC's technology upgrade will help in the long run.
Vodafone Idea's shares have jumped 14% in seven trading sessions, despite losing market share and active subscribers in May. ICICI Securities reported a dip of 1.3 million active subscribers for Vodafone Idea, while competitors gained. The company also announced changes to its Articles of Association, reducing the minimum shareholding for significant shareholders.
Zen Technologies shares: The newly granted patent, titled Single ILU Long Pass Filter, marks a significant step forward in laser-based military training technology and strengthens Zens expanding presence in the defence tech sector.
The trade deal between the U.S. and Britain is now active. It lowers tariffs on some British imports. Car manufacturers will benefit from reduced tariffs. Tariffs are fully removed for aircraft engines and parts. However, steel and aluminum tariffs are still a problem. Britain avoided some tariffs, but faces new ones soon.
