Buoyant Capital’s Jigar Mistry says India’s Q2 earnings remain weak with tepid consumption and limited discretionary spending, though a revival may begin by Q4. He remains positive on banking, cement, travel, and two-wheeler stocks, while warning that IPO valuations like Lenskart are overheated. Strong domestic inflows continue to offset muted FII interest amid liquidity pressures.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets