Thematic focus on infra, renewables and real estate likely to continue: Harsh Gupta Madhusudan
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Harsh Gupta Madhusudan predicts that the thematic focus on infrastructure, renewables, and real estate will continue. Chinese valuations are roughly half of India's, but Chinese earnings growth is also significantly lower. The recent pressure on the benchmark indices is not primarily due to concerns about the election results. The final outcome of the election will be known on June 4th. FIIs are positioned cautiously and will return once there is clear policy direction. If the BJP secures a majority, this is largely priced in by domestic investors, but not necessarily by foreign investors. The IT industry is closely tied to the US economic cycle and will bounce back once US rate cuts begin again. The electric vehicle (EV) sector in India is in its early stages and has significant growth potential. The sector has a long runway, and indigenization efforts will shape its growth trajectory.

#Infra #Renewables #RealEstate #Election #China #Fiis #ItIndustry #ElectricVehicle

https://m.economictimes.com/markets/expert-view/thematic-focus-on-infra-renewables-and-real-estate-likely-to-continue-harsh-gupta-madhusudan/articleshow/110595207.cms