Vikas Khemani, founder, Carnelian Asset Management, tells Vishal Chhabria that while earnings are compromised for 2020-21, the interest rate drop compensates for it. Earnings growth will eventually come back, and when it does, the markets will do well.
Among sectors, he prefers IT, pharma, industrials, non-discretionary consumption and financials. Edited excerpts: The markets have run up sharply and the leading indices are 10-12 per cent from all-time highs, but earnings visibility hasn't improved commensurately. Are the markets in a bubble zone? The market’s recovery from ...
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