Whalesbook
Ashish Gupta, CIO at Axis AMC, predicts India's large-cap earnings to jump to 15-16% from 5-6%. He favors financials, power, defense, and consumer discretionary stocks. While macro factors and domestic flows support the market, he warns that a massive IPO pipeline could limit near-term upside. Gupta expects a December RBI rate cut and sees India potentially outperforming global markets by 2026, aided by policy reforms.