US Tech Sector – Outlook
An assessment of the US technology sector amid rising interest rates, highlighting valuation pressures on innovation stocks and relative strength in semiconductors and biotechnology.
Market Insight – Indian Fixed Income Markets: Offer Great Buying Opportunity
Elevated 10-year government bond yields in India are creating a rare risk-free real return opportunity, making long-duration fixed income instruments attractive from a risk-reward perspective.
Impact of 50% US Tariff on Indian Exports and Economy
A comprehensive analysis of the economic and market impact of the US’s 50% tariff on $60 billion of Indian exports, and how policy responses may shape India’s medium-term resilience.
Gold Our Views
After a meaningful correction from its 2020 peak, gold offers an attractive entry point, supported by inflation risks, accommodative monetary policy, and long-term structural demand.
Equity Market View
Equity markets globally may be nearing a cyclical peak, with rising bond yields and inflationary pressures likely to trigger a moderate correction over the next 6–9 months.
Credit Policy & Inflation forecast by RBI
RBI maintained a neutral stance and repo rate but raised its inflation forecast, triggering a bond market sell-off. We believe inflation risks are overstated, creating an attractive opportunity in long-duration fixed income.
Asset Class Outlook – Gold
Gold continues to occupy a significant share of Indian household wealth, but structural headwinds, policy linkages, and declining return potential make it an increasingly inefficient long-term asset.
SIEMENS ENERGY
India’s grid modernisation leader in HVDC, GIS & advanced switchgear. Oligopolistic positioning, ~24–26% revenue CAGR, and rising global export demand support premium valuations.
KAYNES TECHNOLOGIES
Differentiated EMS platform in automotive & industrial electronics, expanding into OSAT & PCB. Temporarily derated by governance noise — a high-quality accumulation opportunity.
DIXON TECHNOLOGIES
India’s leading neutral EMS platform scaling from mobile assembly to laptops & sub-assemblies. 24–25% CAGR growth backed by multi-OEM diversity, PLI tailwinds & backward integration.