Indian Economy share price target

Trruummpp is TARIFFying the world

In February, Consumer Price Index (CPI) inflation eased to 3.6%, while Wholesale Price Index (WPI) inflation ticked up to 2.4%. The Manufacturing Purchasing Managers' Index (PMI) decreased compared to the previous month, while Services PMI witnessed a surge.

The unemployment rate rose in February. Foreign institutional investments (FII) and and mutual funds (MF) witnessed outflows during the month. Crude oil prices declined on a MoM basis in February.

In January 2025, Consumer Price Index (CPI) inflation eased to 4.3%, while Wholesale Price Index (WPI) inflation ticked down to 2.3%. The Manufacturing Purchasing Managers' Index (PMI) increased compared to the previous month, while services PMI witnessed a decline.

The unemployment rate rose marginally in January 2025. Foreign Institutional Investment (FII) and and mutual funds (MF) witnessed outflows during the month. Crude oil prices rose on a MoM basis in January 2025.

The Union Budget 2025-26 introduces a shift towards consumption-driven growth, highlighted by the largest tax relief to date, increasing the personal income tax exemption from INR7 lakh to INR12 lakh. This adjustment aims to boost disposable income and expand economic participation.

Our Positive Budget Play (Coverage): Ultratech Cement; Maruti; Hero Motocorp; Trent, Westlife Food; Avenue Supermart; Bajaj Finance; Prestige Estate; Indian Hotels Our Positive Budget Play (Non-Coverage): Macrotech Developers; Allied Blenders; Metro Brands; Exide industries; Thomas Cook

Calibrated populism, bold infra push, and disciplined fiscal path

Our Positive Budget Play (Coverage): Ultratech Cement, JSW Energy, Kalpataru Projects, Maruti, Oberoi Realty, Indian Hotels, Praj Industries, V-Mart, Rites Limited Our Positive Budget Play (Non-Coverage): M&M, Afcon Infra, Vishal Mega Mart, Tata Power, Anantraj.

In December 2024, Consumer Price Index (CPI) inflation eased to a four-month low of 5.2%, while Wholesale Price Index (WPI) inflation ticked up to 2.4%. The manufacturing Purchasing Managers' Index (PMI) declined marginally compared to the previous month, while services PMI increased.

The unemployment rate fell in December 2024. Foreign Institutional Investment (FII) and mutual funds (MF) witnessed outflows during the month. Crude oil prices rose on a MoM basis in December.

Axis Multi Asset Strategy: January 2025

MONETARY EASING MEETS DIVERGING TRENDS

Credit growth sees a slight uptick, while deposit growth holds steady

In November 2024, Consumer Price Index (CPI) inflation eased to 5.5% from a 14-month high of 6.2% in the previous month, while Wholesale Price Index (WPI) inflation fell to 1.9%. The Purchasing Managers' Index (PMI) decreased compared to the previous month.

The unemployment rate fell in November 2024. Foreign Institutional Investment (FIIs) and mutual funds (MFs) witnessed outflows during the month. Crude oil prices fell on a MoM basis in November.

Top Dividend Yield Stocks - 16 December, 2024