AMC stocks poised for a rebound? InCred Equities sees more upside than downside. Here’s what the brokerage says
The recent downtrend in the Indian stock market has significantly eroded the market value of many asset management company (AMC) stocks. However, following the correction, valuations have turned attractive. With expectations of rising disposable income due to income tax relief, mutual fund inflows are likely to stabilize over the medium term. Against this backdrop, brokerage…