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It expects corporate earnings to remain strong over the long run, supported by a robust growth backdrop, with policy interest rates likely settling around 5%, down from the current 6.5%. Paul said consumption-related sectors, IT services, real estate and select industrials will benefit from the government incentives to boost onshore manufacturing.
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The parent ITC will continue to provide the business with its brand name, governance, and other synergies, while its own return profile is expected to improve as the hotel business is more capital intensive, said analysts.
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Hero Future's 5.2 gigawatt of renewable power generation assets are largely concentrated in India, but it has expanded to the UK, Ukraine, Singapore, Vietnam and Bangladesh.
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News and Media
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