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'There's opportunity for strong earnings growth for many years'
Mint Mumbai
|September 25, 2023
Domestic markets are not far ahead of fundamentals, and there is opportunity for strong earnings growth for several years, Nirav Sheth, chief executive officer, institutional equities at Emkay Global Financial Services Ltd, said in an interview.
Barring consumer staples and commodities, he is positive about most sectors including banks, but with varying levels of confidence. Edited excerpts:
Does the valuation comfort persist in the markets or is it time to book profits?
Markets are not far ahead of fundamentals. We have very strong bottom-up economic fundamentals and very strong top-down fundamentals. Both macro and micro economic fundamentals are also in sync. There is an opportunity for very strong earnings growth rate for many years. There are pockets of euphoria, but that happens in any market.
What are your views on the bank index as it led the rally till the recent correction?
This story is from the September 25, 2023 edition of Mint Mumbai.
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