No revival in lean season: Ajay Srivastava on market recovery outlook
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Amid ongoing economic uncertainties, the recovery of the Indian markets seem to be dependent on the upcoming earnings, Ajay Srivastava, CEO of Dimensions Corporate Finance offered a measured outlook on earnings revival. Speaking with ETNow, he noted that a swift recovery is unlikely as the economy moves into a lean season. “It is not going to have a revival in the lean season at all, that is not going to be possible. You will have to wait for six-nine months,” he explained, suggesting that investors need patience before witnessing a meaningful turnaround. However, Srivastava pointed out that some sectors continue to display remarkable resilience, despite the broader slowdown. “The hospitality sector, it is just incredible what is happening in this sector. The rates are through the roof, availability is down to the dumps, and so if you are invested in the hospitality sector, you are in good hands in spite of the slowdown that is happening,...