The brokerage's analysis of its universe of stocks revealed that after a prolonged period of earnings cuts, companies are beginning to report earnings upgrades.
With the festive season driving positive consumer sentiment, the management said the company remains focused on strengthening brand salience and accelerating growth across all its businesses
Jewellery demand is anticipated to see an uptick in H2FY26, given the higher number of weddings, up by 7-8 per cent
Nomura expects Indian markets to trade in the range of 20-22x one-year forward earnings, assuming risk premia remain low.