In an interview to Sanam Mirchandani, ahead of the Kotak Institutional Equities’ Chasing Growth 2018 Investor Conference, Prasad said he is positive on private banks and four-wheeler space. In mid-caps, even though there has been a significant correction in some of the names, valuations are generally on the higher side. The bond market has been factoring in some of the macro concerns whereas the equity market has been somewhat more relaxed. If GST revenues start picking up sufficiently to be in line with the government’s assumptions for March 2019 then the bond market may actually cool off from current levels. For the Nifty-50 index, we expect 26% earnings growth for March 2019 and 16% for March 2020.

Source: Economic Times February 26, 2018 02:48 UTC