Modi Era’s Century - An Analysis: Dolat Capital

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.The Modi government 2.0 has completed its two-third of the second term, and will be setting its agenda towards the general elections due in April 2024. This bid, if successful, will be unprecedented for more reasons than just an odd one. Political opinions have varied on the likelihood of his succeeding or not, but there is overwhelming consensus that he is the front-runner by a good margin. How does the Modi leadership performance look like as it is on the verge of completing 100 odd months? We take a look at the big picture through the macro aggregates. Not all of them look superlative but the underlying seems much stronger - eg Nifty performance seems muted but now the stage seems set for earnings to compound at mid teens. A thorough clean up of corporate and bank balance sheets is giving high confidence to the participants to aim for accelerating growth - and this is largely funded by operating cash flows or debt levels which will be far better in quality. Third the formalisation of the economy. The goods and services tax kick off may have been a bit abrupt, but the way it is trending especially post Covid, signifies a marked shift for the economy in favor of better compliance, tracking and reporting. There is so much to argue for and against the 100 months odd for the Modi era. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Modi Era’s Century - An Analysis: Dolat Capital

Modi Era’s Century - An Analysis: Dolat Capital

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