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Shiv Puri of TVF Capital Advisors suggests India's equity markets are showing resilience due to improving liquidity and a bottoming earnings outlook. While valuations are high for mid and small caps, large-cap names appear reasonable. Despite geopolitical risks, global markets anticipate regional conflicts, and India's economic fundamentals are improving, potentially attracting foreign investment.
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Market expert Neeraj Dewan is optimistic about the defence sector's long-term growth, highlighting budget allocations and export potential. He favors Garden Reach and Mazagon Dock for long-term investment, while advising caution on SCI and Cochin Shipyard due to geopolitical risks. Dewan anticipates consolidation in Asian Paints and suggests potential short-term gains, but expects sluggish medium-term performance.
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Shares of Shipping Corporation of India declined following a rally. Investors booked profits amid hopes of a Middle East truce. This tempered fears of prolonged shipping disruptions. Great Eastern Shipping Company shares also decreased. Tensions in the Middle East previously fueled investor demand for shipping stocks. India relies heavily on Gulf nations for crude oil imports.
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