Expect new RBI Guv to be dovish, cuts exposure to Infosys: CLSA

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26 Aug, 2025 12:21

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Mahesh Nandurkar of CLSA says he believes valuations seem to be running well ahead of fundamentals, yet those could sustain if expectations of a global fiscal stimulus sustains.

Even within India, expectations of monetary and fiscal stimulus are building up, he feels.

According to him, the new RBI governor is expected to be dovish and the Government is also expected to pursue an easier fiscal policy.

"While these could raise concerns on the long-term macro-economic stability, it would be positive for near-term earnings growth," Nandurkar says.

He adds Grasim to the model portfolio by reducing position in Infosys.