Capital Goods, Healthcare and New Energy top market themes for 2025: Amisha Vora
«At the same time, as the order inflow, government spending has improved and it will continue to improve, then the earnings outlook for 26 will start improving,» says Amisha Vora, Chairperson & MD, PL Group.
You think that is realistically possible because it has been fairly volatile the last few months and when it comes to 2025, the big trigger, of course, is Mr Donald Trump coming back and that just means volatility.
Amisha Vora: But also that we are starting 25 on a slightly sober note. And in 24, we cleared a big hump in terms of elections at the centre, some of the large states election which also led to a period when central government working spending slowed down.
So, 2025 to that extent will be a much better year according to me, that we are starting on a sober note, we will see the rise in capital goods, we will see most likely the inflation softening because inflation has also been very strong in last couple of months. So, I think that 25 can be, once again, a double-digit Nifty growth kind of year.
But there are a lot of macro headwinds. The dollar index is strengthening, of course, the Trump tariffs could kick in. There is also lesser rate cuts as per Fed. And, of course, there are a couple of macro headwinds that is stacked up against India. And our quarter two earnings were also not something to talk home about. What can really move the needle for the market now besides, of course, a good surprise on the quarter three earnings?
Amisha Vora: No, I think the surprise in earnings is at least one or two
