22% earnings growth expected in FY20, says Hiren Ved of Alchemy Capital

One could see 22 percent earnings growth in the financial year 2020, said Hiren Ved of Alchemy Capital Management, adding that the auto sector is also likely to see a recovery in the second half.

“We have seen some productivity improving reforms over the last few years and the stage is set for an earnings recovery and solid growth over 3-5 years,” said Ved, in an interview with CNBC-TV18.

“India being one of the major economies -  even foreign investors would find it difficult to ignore a big market like India. So investors should take advance of this and invest in equities through various avenues,” he said, adding one must keep faith and not worry about 1-2 year returns because on a 3-year rolling basis, investors have usually made decent returns.