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17/07/2023 2:17:19 PM | Source: PR Agency
Comment on New Market High By George Thomas, Quantum AMC
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Below the Quote By George Thomas, Fund Manager- Equity , Quantum AMC.

Domestic economic environment looks favorable for persistence of current earnings upcycle in the medium term. Healthy credit demand is indicative of a strong economic environment. India’s economic resilience amid global slow-down could attract FII flows in the medium term, potentially giving more legs to the current rally. Incremental data points across the globe suggest a possibility of faster than expected moderation in global inflation, limiting the quantum of further rate hikes. A faster than expected normalization in global environment would be positive for the corporate earnings cycle. Given the sharp run up, investors may consider making incremental investments in a staggered manner to benefit from the ongoing earnings upcycle.

 

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