Indian markets haven’t completely factored risks such as protectionism in IT sector and earnings which can lead to short-term volatility in the markets, according to BNP Paribas’s management.
Besides, consensus earnings estimates for FY17 and FY18 are way off charts, said Manishi Raychaudhuri, Asian Equity Strategist - Equity Cash Asia Pacific at BNP Paribas. Raychaudhari pegged earnings growth for FY17 in single-digits and for FY18 in low double digits. He told CNBC-TV18 he expects a 7-8 percent EPS growth in FY17 and a 12-14 percent EPS growth in FY18.
You can also follow us for daily intraday updates click here to
No comments:
Post a Comment