India is on the brink of claiming the title of the fourth-largest equities hub, outpacing Hong Kong, as per a report by domestic broking firm ICICI Securities. The report further adds that investors are looking forward to Dalal Street producing its first $1 trillion stock by 2032.
As per the brokerage's calculations HDFC Bank is most likely to achieve this goal. Other contenders include Reliance Industries, which is India's largest-listed company currently. However, this hinges on a 21% profit growth trajectory.
Bajaj Finance, meanwhile, would need to maintain a growth rate of 35%-40% over the next decade to achieve this milestone.