Tuesday, April 25, 2023

Earnings momentum unlikely to resume soon, says Harsha Upadhyaya of Kotak MF

Earnings momentum unlikely to resume soon, says Harsha Upadhyaya of Kotak MF Harsha Upadhyaya, CIO Equity at Kotak Mutual Fund, expects a range-bound market in the near term, citing the unlikely resumption of earnings momentum. He remains cautious on the IT and new-age space and is bullish on sectors with steady earnings growth, such as banking, auto, cement, and industrials.

from Moneycontrol Market Outlook https://ift.tt/tE7cFgX

No comments:

Post a Comment

Bulls return to D-Street as falling oil prices ease geopolitical jitters

Indian stock markets experienced a significant rally on Wednesday. Both the Nifty 50 and S&P BSE Sensex saw gains exceeding 1 percent. T...