Envisioning 2022 And Beyond - Sense & Sentiment; Top Stock Picks: Yes Securities
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Yes Securities Report
We visualise the following to underpin a structural Bull run in Indian Equities.
Consumption juggernaut to continue -
household consumption will increase by 46% to Rs 191 trillion over the next four years,
average household Income to jump from Rs 6.8 lakhs in FY22 to Rs 9.5 lakhs in FY26,
gen Z and millennials to drive consumption.
Earnings will keep the ball rolling -
earnings growth over the next three years to exceed the last decade average substantially,
bolstering of balance sheet paves the growth path,
troubled sectors are out of the woods,
a shift towards organised market share will ensure that even a 10% nominal gross domestic product growth will translate into strong corporate earnings.
Rise in cost of capital will be extremely gradual -
FED taper tantrums won’t spoil the party,
headline inflation is a transient phenomenon,
India Inc borrowing rates mirror sovereign paper,
earnings to offset marginal rise in G-Sec yields.
Market cycle hints at a mega rally : Nifty 32000 in 2025 -
abundant liquidity to keep equities in the reckoning,
growing institutional participation, a shot in the arm for Indian markets,
India gaining share in emerging market equity basket.
Click on the attachment for full list of Yes Securities' top stock picks for 2022:
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