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Muted crude, surging cement: Gautam Duggad on whats really driving India Incs Q2 profit boom

Motilal Oswals Gautam Duggad says Q2 earnings mark a turning point as upgrades return after five quarters of downgrades. He warns oil & gas profits are cyclical and driven by OMCs, while cement offers better predictability. India lacks direct AI equity plays for now, though related infrastructure themes may benefit investors.