Happy Diwali.
Hope you are having a socially distanced festive weekend.
Thinkpad agonised a lot over what the Diwali edition should hold. Should we, like market mavens, predict what the next year will hold, perhaps only to be proven wrong. Nah. We’ll leave the predictions game to the experts. You can find the Sensex / Nifty targets from Goldman Sachs and earnings growth estimates from Morgan Stanley on BQ and if you are looking for stock picks, there’s a range of those here.
We could make a theme out of the relatively more cheery spirits in the economy these days. Indeed, spirits are looking up and the economy may return to growth in the third quarter after entering a technical recession with two quarters of negative growth. The large stash of precautionary savings built up during the early months of Covid may help if confidence returns. But you’ve already (hopefully) read the BQ…