Daily Voice: Alpha Capital’s Mukesh Jindal sees 7%+ growth within reach if oil prices cool
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Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Alpha Capital’s Mukesh Jindal said India can reach 7 percent growth if oil prices cool.
- ✓He expects the Nifty 50 to hit 24,000-25,000 levels if September-quarter numbers stay decent.
- ✓Jindal noted that bank stocks are close to fair value, but he warned investors to be careful with NBFC and real estate sectors.
Story at a Glance
- Category
- MARKET
- Reported By
- Moneycontrol
- Reading Speed
- 8 Minute(s)
- Market Focus
- India Economy
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Mukesh Jindal, Senior Partner at Alpha Capital agrees with the RBI's full year growth direction. But over 7 percent growth is the good case if oil cools, he said, adding the growth around 6.5 to 6.8 percent can be possible.
In the base case, he sees the Nifty 50 at around 24,000-25,000 levels only if the September-quarter numbers are decent and crude stops rising. A new high by March is possible but not the plan, he said in an interview with Moneycontrol.
According to him, US bond yields at 6 percent, if it comes, is not a reason to exit Indian equities. Domestic money is large enough to stop a collapse, he said, adding
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Moneycontrol
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