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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.

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