Credit Suisse expects continued resilience in corporate India's 2023 earnings

PVR INOX

11/01/2023 08:52

** Credit Suisse expects earnings momentum to continue for
Indian companies in the calendar year 2023, aided by improvement
in corporate fundamentals
    ** Do not expect any material cuts in earnings growth
projections as revenue slowdown will be offset by margin
expansion, says Credit Suisse while maintaining "neutral" stance
on Indian equities due to high valuations
    ** The global brokerage firm advises investors to focus on
sectors with high domestic exposure and sectors that can gain
from lower commodity costs and easing of supply chain issues
    ** Sectoral preference: banks, consumer staples, autos,
cement
    ** Large-cap picks: Godrej Consumer  GOCP.NS , Havells
 HVEL.NS , Hindustan Unilever  HLL.NS , ICICI Bank  ICBK.NS ,
IndusInd Bank  INBK.NS , State Bank of India  SBI.NS , Infosys
 INFY.NS , Shree Cement  SHCM.NS , Ultratech  ULTC.NS , Shree
Cement  SHCM.NS , Mahindra and Mahindra  MAHM.NS  
    ** Mid-cap picks: Asahi India Glass  AISG.NS , PVR
 PVRL.NS , PI Industries  PIIL.NS , Vinati Organics  VNTI.NS ,
Dixon Tech  DIXO.NS , Sunteck Realty  SUNT.NS , Crompton
Consumer  CROP.NS  
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))