Cement earnings heartening; tech sector strong, says Alchemy Capital

“There is a lack of visibility in earnings for FY22,” said Seshadri Sen, Head-Research at Alchemy Capital Management in an interview to CNBC-TV18.

He said the market needs to wait a few more quarters before gaining confidence in earnings.

On cement, he said, “the cement numbers that have come through are certainly heartening and cement is a sector where ongoing data is reasonably available, most analysts know what production numbers are and what the prices are.”