Whalesbook
Jefferies India MD Mahesh Nandurkar believes the worst of the earnings slowdown for Indian equities is over. He projects significant earnings growth of around 10% for FY26 and a stronger 15-16% for FY27, driven by sector resilience. Key sectors like banks, autos, consumer discretionary, power, cement, and telecom are expected to lead the recovery, supported by improving macro-economic conditions.