Rupen Rajguru sees more upside in Indian equities
In short
Julius Baer India's Rupen Rajguru said Indian stocks could rise more after the recent rally. He pointed to possible corporate earnings growth of 18% to 20% and said the Nifty may catch up after two years of weak returns.
He said lower crude prices could help aviation, oil marketing companies, consumer businesses and cement.
What the reporting says
Julius Baer India's Rupen Rajguru said Indian equities may have further upside after the recent rally, citing the chance of corporate earnings growth reaching 18% to 20%. He said the Nifty could benefit from a catch-up after two years of weak returns. He also pointed to aviation, oil marketing companies, consumer businesses and cement as possible winners from lower crude prices.
Why it matters
Julius Baer India's Rupen Rajguru said Indian equities may still have room to rise, with corporate earnings growth potentially reaching 18% to 20%. He linked the outlook to a possible Nifty catch-up after two years of weak returns. Rajguru also flagged aviation, oil marketing companies, consumer businesses and cement as sectors that could benefit if crude prices stay lower.