HSBC: India's Earnings Recovery Delayed, Stock Picks Highlighted

  Published 11 months ago

HSBC notes India's earnings recovery delayed; IT, bank challenges, weak consumption, and top stock picks highlighted.

  • IT services growth weak due to US policy; domestic rate cuts hurt bank margins.
  • Urban consumption, private capex remain weak; brokerage sees India stocks resilient amid trade turmoil.
  • Neutral India outlook with 2025 Sensex target at 82,240; top picks include GOCP, GAIL, HDFL.

You might like these

Fabtech Cleanrooms IPO Soars

P&G to Cut 7,000 Jobs Amidst Tariff Uncertainty

RBI Survey: Loan Demand to Stay Strong

Oil India Wins First Domestic Potash Block

Devyani International Reports Wider Q4 Loss

Gold Prices Dip Amid Dollar Strength & Trade Optimism

Dixon Tech Stock Dips on Motorola Outourcing Concerns

News that matters the most ⚡