Green Shoots in Indian Economy --what lies ahead!!

Stock market, it is said always discounts the future much ahead of the investors. Indications of turn-around--either for good or for bad--do appear in business papers, but they don't make headlines-- and hence skips attention of the investor.

 

We at AIMS do believe that "achhe din" may not be too far. Following are the reasons why we are bullish on equities:-

•  More than 42.70 million e-way bills were generated in June 2020 with a total value of Rs. 12.40 lac crores. The corresponding figures for March 2020 were 40 million and Rs. 11.43 lac crores. The figures indicate movement of goods was getting close     to pre-covid days.

• GST collections in June clocked Rs. 90,917 crores. The figure for April 2020 was Rs. 49,500 crores.

• During Lock-down Phase 1 (from 25/03/2020 to 14/04/2020) roughly 1,72,000 e-bills were generated. While during Lock-down phase 2 (from 15/04/2020 to 03/05/2020) approx.3,51,000 e-bills had been generated.

•  Average daily passenger vehicle registrations rose to 44,273 in June 2020 as compared to 9,014 in the previous month. (ICICI Securities)

 

Based on above encouraging statistics-- as it is said numbers do not lie-- we at AIMS believe that good times may not be too far.

 

We're willing to stick our neck out to say Nifty at 13,000 -- by??? (take a guess)

 

Remember, equity investments are more a function of patience rather than intelligence!

 

Moreover, risk of losing money by investing in equities NOW is far less than risk of losing money by not investing.

 

Get your cheque books ready!!

Happy Investing!!