India’s banking sector. Others like PI Industries maintain a growth outlook for FY21. Of course, being an agri-based company helps in these covid times as the rural economy is expected to better weather the slowdown.
Companies like Tata Consumer Products show in an update on covid-19 impact that normalcy is gradually returning. The steel sector also jumped on production ramp-ups amid a slowdown.
Then Jio Platforms raised record sums during the pandemic, driving shares of Reliance Industries higher. This is also encouraging news for the Jio Platforms IPO.
But some sectors like paints are over-optimistically valued despite expectations of a pale year ahead. Of course, some bottlenecks remain.