Assess the Indian economy like investors and analysts are assessing stocks, says Uday Kotak, the newly appointed president of industry chamber CII.
“Most investors and analysts are looking at 2020-21 as a washout year for earnings. So what are analysts doing? They're looking for earnings estimates for fiscal 2021-22 and FY23, and they are valuing companies on that basis. The markets are taking a medium-term view on overall equities and individual stocks. I'd really like the stock called “India” to also be looked at in the medium term.”
In this interview Kotak, also managing director and chief executive officer of Kotak Mahindra Bank Ltd., speaks about the nature of recovery he foresees, further relief and growth measures the government ought to undertake, financial sector stability and impact of the pandemic-led lockdowns on asset quality, as well as structural changes to India's corporate landscape.
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