Manulife's Rana Gupta cautious on IndiGo, sees strong long-term potential in quick commerce and EMS

Rana Gupta of Manulife Investment Management remained optimistic about quick commerce, arguing that discount-driven customer growth can translate into strong long-term profitability as dark stores mature. In the EMS sector, Gupta emphasised the need for companies to pair growth with solid cash flows and low working-capital stress, noting that India’s electronics manufacturing opportunity could triple or quadruple by 2030.

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