Expect low single-digit return over 12 months: Jefferies MD M Nandurkar

Foreign investors are willing to look through the near-term weakness in the economy, says Nandurkar

Topics
Mahesh Nandurkar CLSA | Jefferies | Foreign investors

Puneet Wadhwa 

As the markets prepare for India Inc to unveil its June 2021 quarter performance over the next few weeks, MAHESH NANDURKAR, managing director at Jefferies, tells Puneet Wadhwa in an interview that helped by a low base, corporate earnings growth this year should be strong -- about 30 per cent for the Nifty -- but that’s already factored in by the markets. Edited excerpts: Do you think there is a bubble building up across most asset classes? Bubble is a strong word.

I don’t think there’s a bubble. The equity market price-to-earnings (PE) multiple has gone up quite a ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, June 27 2021. 20:47 IST
RECOMMENDED FOR YOU