Impact of RBI Monetary Policy : Top Stocks to Buy HAPPSTMINDS, IFBIND, LINDEINDIA, SONATASOFTW by Sumit Chanda, JARVIS Invest
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Impact of RBI Monetary Policy - Top Stocks to Buy according to AI-based tool, JARVIS - HAPPSTMINDS, IFBIND, LINDEINDIA, SONATASOFTW
The rate hike was as expected. The governor has increased the inflation forecast for FY 23 to 6.7% which doesn't bode well. RBI is taking the right steps to tackle inflation while not compromising on growth. With inflation persisting above comfort levels due to the supply constraints, any relief from that perspective will be good for the markets. With the growth rate for FY 23 retained at 7.2%, this would be the right time to buy the "India" story with a medium to long term perspective.
Based on today’s announcement, these are the top recommendations by JARVIS:
Happiest Minds Technologies Ltd
IFB Industries Ltd
LINDE India
Sonata Software Ltd.
Above views are of the author and not of the website kindly read disclaimer
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