Enam: Expect 15-18% Earnings Growth, Bet on Financials & Discretionary Consumption

• Indian equities underperformed due to poor earnings growth in the last six quarters.
• Enam Holdings forecasts 15-18% earnings growth for FY27, expecting a market rebound by early next year.
• Recovery is anticipated due to government and RBI actions to boost GDP and consumption.
• Enam is bullish on financials (banks, NBFCs) and high-end discretionary consumption (autos, travel, hotels).
• Value seen in pharmaceuticals; caution advised for e-commerce due to high valuations and broad rural consumption.

Why It Matters: It guides investment decisions for India's predicted market growth.