Strong Earnings Growth Seen Next Fiscal, Says Mahesh Patil
A wide range of factors indicate strong earnings growth across sectors in the coming fiscal, said Mahesh Patil, chief investment officer at Birla Sunlife AMC.
Provisions for bad loans is expected to come down in FY18 and credit growth, which bottomed out earlier, will rise, Patil told BloombergQuint in an interview. Hence earnings growth in banking and finance will be stronger.
Apart from banking and finance, metals, consumer staples, telecom and pharma are also expected to witness steady growth.
Watch the full interaction here:
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