Daily Voice | Indian market can give 15-20% return in FY23 if there is no geopolitical risk, says Abhay Agarwal of Piper Serica

"We believe that large FMCG companies will see slower growth and lower margins because of a sharp increase in raw material prices. We expect that their valuation multiples will fall as they stop getting priced as growth stories."

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-indian-market-can-give-15-20-returnfy23-if-there-is-no-geopolitical-risk-says-abhay-agarwalpiper-serica_16221741.html