Growth stocks to lead India’s next market rally as pharma, autos outshine FMCG and IT: Piper Serica’s Abhay Agarwal
Piper Sericas Abhay Agarwal says Indias next market rally will be powered by high-growth sectors like pharma and autos, while low-growth FMCG and IT remain unattractive despite cheaper valuations. He expects a strong earnings revival next year but believes FPI inflows will return only after a US market correction. Small and midcaps will drive most of Indias next $5 trillion market-cap expansion.
Piper Sericas Abhay Agarwal says Indias next market rally will be powered by high-growth sectors like pharma and autos, while low-growth FMCG and IT remain unattractive despite cheaper valuations. He expects a strong earnings revival next year but believes FPI inflows will return only after a US market correction. Small and midcaps will drive most of Indias next $5 trillion market-cap expansion.
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