India's #GDP grows 8.4% in Q3 surpassing estimates, but will it bring any money to you?
Here's Samina Nalwala with the answer.
Read more: https://bit.ly/3SYWiap
Here's Samina Nalwala with the answer.
Read more: https://bit.ly/3SYWiap
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TVTranscript
00:00 Great GDP numbers, but will it make you more money as an investor? Probably not. To begin with,
00:05 the numbers were great, but they were backward looking. At best, those numbers justify current
00:09 market valuations, but do not provide an impetus for further gains for the state. Secondly, a very
00:15 important takeaway that I picked up from a couple of analysts is that rural could actually be the
00:19 dark horse of calendar 2024. Now, the reason being because agriculture consumption continues to
00:25 remain weak, the government may have a policy impetus that could help companies that are more
00:30 rural focused. In question are companies like an ITC, HUL, Godrej Consumer, Darbar, etc. Some of
00:37 the companies that could do well from a one and a half to two and a half year perspective. Apart
00:41 from that, auto stocks, which have a tractor focus segment, could also see some gains coming
00:46 in on back of that agri impetus that the government may push. So all in all, great numbers, but for
00:51 now, not too much for an investor.