InCred adds Deepak Fertilisers to high-conviction stock picks, removes THESE two stocks; here’s why
Live MintRecent high-frequency economic data highlights the persistent macroeconomic challenges in India, including subdued GST collection growth, fluctuating automobile sales, and currency volatility, according to InCred. Macroeconomic Overview InCred noted that for FY25, Bloomberg's consensus estimates for real GDP growth continued to decline, citing underwhelming capital expenditure, a peaking trade deficit, and a decelerating GST collection trend. Looking ahead to FY26, InCred highlighted emerging global uncertainties, including slower trade growth and the strengthening US dollar, which has pressured emerging market currencies. High-Conviction Stock Ideas InCred provided an updated view of its high-conviction stock ideas, introducing Deepak Fertilisers while removing Exide Industries and BCL Industries from its list.
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