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Vikas Khemani of Carnelian Asset Management suggests that while U.S. tariffs may cause short-term earnings uncertainty for Indian exporters, a major structural risk to the overall market is unlikely. The markets have largely priced in the potential impact of a 25% tariff, and India's strong domestic consumption and infrastructure development provide a buffer.
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TVS Motor Q1 Results: TVS Motor Company witnessed a strong Q1FY26, with consolidated net profit surging 32% YoY to Rs 610 crore and revenue from operations climbing 18% to Rs 12,210 crore. Standalone PAT also rose significantly by 35% to Rs 779 crore, accompanied by a 20% increase in standalone revenue to Rs 10,081 crore.
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Gautam Duggad suggests that Indian stock markets are reacting steadily to tariff impacts, with financials and IT remaining stable. Earnings growth will be driven by domestic economic factors and a shift towards consumption-focused policies. Smaller sectors like EMS and cement are projected to lead earnings, while large sectors face limited growth.
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