Enam's Sivaram: India market recovery from early 2026, strong earnings expected.

• * Sridhar Sivaram of Enam Holdings forecasts an Indian market recovery starting early 2026, anticipating 15-18% earnings growth in FY27.
• * He attributes current market underperformance to six consecutive quarters of weak, single-digit earnings growth.
• * Sivaram notes a structural policy shift by the government and RBI, including GST cuts and rate cuts, aimed at boosting consumption and private capital expenditure.
• * He is positive on financials, high-end consumption (autos, travel, hospitality), and pharmaceuticals, citing bottom-up opportunities.
• * Sivaram expresses caution regarding the current IPO rush, often avoiding new issues due to high valuations and potential underperformance.

Why It Matters: Expert predicts market recovery from 2026, guiding investment decisions.