Nilesh Shah On Why Earnings Growth Matters More Than FII Flows For India's New-Age Stocks

Foreign investor selling and rupee weakness have raised concerns about the Indian markets, but some emerging sectors could remain relatively insulated. The investment view is that stock prices ultimately reflect the intrinsic value of businesses, driven by earnings growth and cash flows rather than short-term liquidity movements. Nilesh Shah, MD & CEO, Envision Capital, explains why under-owned sectors could attract fresh foreign investment when FIIs return to India. He believes companies backed by strong business fundamentals, domestic demand and overseas opportunities could benefit from an additional tailwind as foreign flows resume.