The Economic Times

India's cyclical recovery faces risks; oil supply shock, AI capex may hit corporate margins from Q2FY27: Report

Indias economic recovery faces growing risks from the oil supply shock, fading domestic stimulus and slowing AI investment, Nuvama Institutional Equities said. The brokerage expects pressure on corporate margins to emerge from Q2FY27, with small- and mid-cap companies and cyclical sectors particularly exposed.