Spinning Gains From China Plus One Story

The world post the effects of the pandemic is a different business place and there is no doubt that India today is in a much better place than it was before the virus outbreak. Several sectors stand to benefit from the China Plus One story. Shreya Chaware explains in detail what exactly this new development is and highlights the sectors that stand to benefit from such changing global business relations

The Indian markets are standing tall amidst global volatility and weakness. While several analysts remain bullish on the Indian markets and continue to believe that these will outperform its global peers, there is widespread consensus amongst the market participants that the margin of outperformance can shrink a little bit. The Nifty EPS estimate for FY24 is around ₹1,000. With a PE of around 20, Nifty may touch 20,000 in 18-24 months and that is a healthy return from the perspective of the current levels.

However, the main question that is bothering investors is whether we will first see 16,000 or 18000! Comments Chetan Nayani, a regular investor in the equity markets: "I am a perennial bull when it comes to the Indian equity markets. I have some surplus money I want to invest but I am not sure if this is the right time to invest. Given the headwinds for the markets I am little sceptical about the prospects of the market. Also, this time around I am exploring the most appropriate opportunities if the market dips further. I have read and heard a lot about the China Plus One story but am not able to identify stocks that can benefit owing to this development."