"The world economy is on boom. Thanks to AI capex, defence capex, energy transition capex. There is a boom all over," Agrawal said, arguing that the news cycle can make the outlook appear more uncertain than the underlying business environment.
With millions of young Indians chasing the same corporate jobs, Dadlani argued that more should be encouraged to become builders, operators and business owners.
Despite the target price reductions, the brokerage's revised targets imply potential upside of approximately 42% for Vedanta, 41% for Gravita India, 40% for JSW Energy, 14% for United Spirits and 5% for KPIT Technologies, based on the market prices cited in the reports.
