Time is ripe for a strong economic recovery: Angel Broking

Views of Mr. Vaibhav Agrawal (Head of Research and ARQ):

"While Indian markets have digested Gujarat and HP election results, the trajectory of Indian markets is dependent up liquidity conditions, macros, earning growth and revival in the capex cycle. Corporate earnings are expected to improve due low base created by demonetisation and GST; further thrust will be provided by the expansion of the domestic organized market. The front loaded capex by government should lead to improve the order inflows which will help in reviving the corporate capex cycle and earnings growth. Rupee appreciation should protect macros from deteriorating if crude prices go up by $10/barrel. Overall, with the most indicators in favor of India, we are on the cusp of a strong economic recovery."

Source : Equity Bulls

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