Falling crude, stable macros set stage for India's next growth phase: Aditya Kondawar

Complete Circle Consultants' Aditya Kondawar expects India's macro environment to support the next growth phase, citing crude below $70, stable currency and easing FII selling as supportive factors. He views IT sector valuations as having corrected sharply, highlighting KPIT Technologies which trades at a PE of 22 versus its seven-eight year average of 50, with brokerage estimates projecting net profit to rise from about 600 crore to 900 crore over the next two-three years. Growth recovery for KPIT is expected from the second half of FY27, as new programmes replace the weakening BMW and Volkswagen projects, while autos, auto ancillaries and agile consumer businesses remain his preferred themes.