2025: A tale of two halves; ICICI Bank, Zomato among Motilal Oswal’s top 10 picks

After a muted earnings performance in the first half of FY25, a recovery is anticipated in H2, fueled by higher rural spending, a strong wedding season, and increased government expenditure. MOFSL projects earnings to grow at a 16% CAGR over FY25-27E.