Expect 17-18% earnings growth on aggregate basis in FY20, says Enam Holdings

Sridhar Sivaram, investment director of Enam Holdings, is of the view that there is a catch-up trade for Indian markets as most emerging markets have rallied by 13-14 percent year-to-date but India hasn’t participated to that extent.

“Across the board, most markets are up 10-12 percent, barring a few. So I think there is catch-up trade for India. Going forward, expect India to participate far better than it has done so far and so remain positive on the market," Sivaram told CNBC-TV18 on Tuesday.

“We think the global environment is conducive of emerging markets in general and India would participate eventually,” said Sivaram.