“The domestic cyclical cluster, encompassing capital goods, infrastructure, industrials, and select commodities like cement and steel, is viewed bullishly. Karki highlights growing order books, positive volume surprises, and earnings upgrades from companies benefiting from India's investment cycle, further supported by recovering nominal GDP growth, making this segment structurally well-placed.”

Vinod Karki’s track record: 3 graded calls · 95% CI 0–56%