homemarket Newsstocks NewsIndia will benefit from strong corporate earnings growth and favourable geo political scenario, says Macquarie
India will benefit from strong corporate earnings growth and favourable geo-political scenario, says Macquarie
Sandeep Bhatia, head of equity-India at Macquarie Cap Securities, spoke to CNBC-TV18 about the trends in stocks market and his outlook on banks and NBFCs.
Sandeep Bhatia, head of equity-India at Macquarie Cap Securities, spoke to CNBC-TV18 about the trends in stocks market and his outlook on banks and NBFCs.
According to Bhatia, "The volatility in market will continue till April 2019. However, on the economic side, there is clear trajectory of improvement in earnings growth and capex coming through. Companies like L&T will doing well."
With regards to banks, he said, “We also see healing of bank balance sheets, which has proceeded over last three years. We see some movement on NBFCs which need correction. I expect, the RBI and the Central government to address these issues."
When asked if foreign investors were turning positive on India, he said, “India is very well placed in the entire emerging market (EMs) group of countries. The macro-economic for the country are improving and more importantly, India is very favourably placed geo-politically in the globe.”
"Across EMs, India will continue to be a favourite because not only is it a strong GDP growth story but it is a positioned best in the entire EM universe in terms of geo-politics", said Bhatia.
“India will benefit from strong GDP growth, corporate earnings growth and favourable geo-political scenario,” added Bhatia.
On the earnings front, he said they expect earnings growth to be 15 percent across broader market and for indices it would be around 18 percent.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Over 50 onion farmers detained in Nashik ahead of PM Modi's visit
May 16, 2024 11:14 AM
Why Google CEO is cautiously optimistic about the election year
May 16, 2024 9:51 AM
Mark Mobius reveals how markets will react if NDA wins 400+ Lok Sabha seats
May 15, 2024 8:09 PM