What sectors are likely to do good in coming quarters? Axis MF’s Hitesh Zaveri answers
Axis MF's Hitesh Zaveri is positive on NBFCs, automotive, and two-wheelers barring tractors whose performance will depend on the monsoon. A poor monsoon could impact FMCG and two-wheelers which spend heavily on rural areas. He believes that the RBI will now focus on growth rather than pause on rates due to favourable inflation readings. Corporate earnings are expected to grow healthily by 13-14% for FY24 with India's GDP forecast at 6% or more, the fastest among G20 countries.
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