Trideep Bhattacharya, Chief Investment Officer of the Edelweiss Mutual Fund, said that after the recent rally, the previously revised ratings have once again returned to their peak in “September 2024.”
The Indian market has seen 14-15% rallies and “climbing onto the wall of worry and moving from macro uncertainty to a more specific environment,” he added. He said the markets took a dim view of elections, Trump’s hunch and geopolitical tensions in the first few days. “If you look at the clever 50 levels, you can see that before April 22nd, it was almost at that level. If you saw it a few days ago, after the ceasefire, the market returns to those levels, indicating that the market is ongoing.”
I’ll talk BusinessLinehe explained that the market is now at a wide, fair value and from now on, “we will likely see a two- or three-month time correction before revenues begin to make a comeback.” He said stock choices will be key to outperforming the market in the short term from a valuation standpoint.
Revenue: “Bubble”
From a revenue perspective, “There was a bit of bubble in the mid- and small caps that were before last year, but almost 80-85% of the mid- and small-sized and small revenues are out of the way.
Inactive Q4
In his view, the fourth quarter revenue season was “a strong outlook despite poor revenue.” He said inactive incomes reflect the fact that economic decisions do not exist, given that the country has emerged from election years and the recent “subtle” geopolitical situation.
“But what businesses are aware of is that this will be resolved in the coming months. So, with the outlook for next year, it is reasonably robust.
Released on May 20, 2025
