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India's cyclical sectors contributing to earnings: Goldman Sachs
short by Ashley Paul / on Tuesday, 30 May, 2023
Goldman Sachs Executive Director Sunil Koul said India's cyclical sectors are contributing to overall earnings upswing. "We're pretty positive on manufacturing space...You're actually seeing volume growth improving for consumer staple firms...Rural FMC volumes have turned positive after multiple declining quarters," Koul said. So, banks and domestic sector should contribute to earnings, he added.
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