While UBS Securities does believe that Trump's tariffs could pose a short-term shock in early April, it still anticipates ongoing bilateral talks to help mitigate their impact.
UBS is among the first brokerages that assigned a price target of over Rs 300 for Zomato, backed by the company's strong Q1 earnings show and scope for margin expansion.
Paytm's continued monetisation, improved profitability dynamics and discounted valuations as compared to global and Indian peers makes UBS bullish over the online payments aggregator.
According to Swiss brokerage UBS Securities, increasing default risks in retail unsecured loans of banks is likely to push up their credit losses by 50-200 bps.
According to Tanvee Gupta-Jain, the chief economist at UBS Securities India, if the country continues to benefit from the ongoing China+1 supply chain shifts and the ongoing structural reforms, GDP can rise to 6.25-6.75 per cent annually or adding 50 bps till 2030 under an optimistic scenario.
Tirumalai also expects emerging markets to see 18-19 percent growth in 2024 and for India, somewhere in the range of 14-15 percent.