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India's Tata Communications reported a 15% rise in its fourth-quarter profit on Tuesday, helped by higher demand for its data services.
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As gold prices breached Rs 1 lakh per 10 grams on MCX for the first time, a decades-old Bollywood clip featuring Shakti Kapoor went viral for predicting the surge. While analysts cite geopolitical tensions and safe-haven demand for the rally, social media hailed Kapoor as an accidental financial guru, adding humor to an otherwise intense market moment.
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Deven Choksey of DRChoksey FinServ Pvt. Ltd. suggests a positive outlook for banking stocks, driven by falling interest rates and potential public sector bank consolidation. He favors engineering and R&D-focused IT companies like LTTS and Tata Elxsi, citing strong order inflows and profit margin growth.
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UBS forecasts a strong rebound in Indias consumer sector by FY26, citing easing input costs, fiscal stimulus, and rural wage growth. It names DMart, Trent, and HUL as top stock picks, while upgrading Colgate, GCPL, and ITC. Asian Paints, Dabur, and Jubilant were downgraded due to growth and margin concerns.
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So, if it is a mild, soft landing kind of recession, then the revenues will be secured, you may degrow at most 2-3% and you can grow at most 2-3%, I think that is the situation today.
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