The worst is behind for the Indian economy, says Bay Capital’s Kodikal

According to Prachi Kodikal, partner at Capital Bay Investment Management Pvt Ltd.
Kodikal told Bloomberg Television’s David Ingles and Yvonne Man on Wednesday: “Credit card spending goes up, so does the number of airline flights.
Cash with Indian companies is at a 14-year high and many companies are starting to release new information invest project, Kodikal said. Private sector capital expenditure announcements “almost doubled last year,” Kodikal adds, which means a lot of companies are entering the investment cycle.
Last year, expansion in the corporate sector was driven by higher prices, but this year Bay Capital expects volume to drive growth and profitability. Furthermore, commodity prices have fallen by 20% to 25%, which should help increase margins, she said.
Kodikal said the valuations of some companies in the “consumer basket” are still high, but Bay Capital will look to invest in cash-rich, quality-managed companies that can sustain earnings for two years. to the next three years.


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