New Delhi, 17 February (IANS). A new report has claimed that a huge hand in India’s economic growth rate is of political stability. The reason for this stability is the strong government of the NDA. The BJP, which is leading this alliance in the last few assembly elections, has performed tremendously, which has increased the trust of the market. This success is the result of government policies, economic reforms and public confidence.
According to the CIO Memo released by Axis Securities for the month of February, the quarter income is expected to improve gradually due to the boom in government spending and improvement in capital expenditure in the private sector.
The market is in the oversold zone and domestic institutional investors have continued investment during January.
The memo states, “Thus, it will take time to change the direction of the market and it can touch new heights by the end of the year.”
The report stated that overall, the structural story intact and the existing market conditions offer a great opportunity to invest in situations and get double -digit returns from equity.
The global economic scenario is constantly developing with Donald Trump becoming President in the US.
In the near future, there will be a threat of tariff, so there will be ups and downs in the market.
According to Axis Securities, “However, in the medium to long period, the cost of equity funds will track the income tragetization.”
The report said that the month of January was difficult for Indian equity, so our strategies also got a shock and the performance of the benchmark index was not better.
However, if we look at the performance of the entire financial year, they performed much better than the benchmark.
According to the report, in addition, because the improvement has been quite important, the value in most of our holdings has clearly emerged, which continue to report good income growth.
Thus, it is only a matter of time that the performance of the portfolio also takes pace with its income increase.
-IANS
SKT/KR
