Based on the consensus expectations, Jitendra Sriram, Senior Fund Manager, Baroda BNP Paribas Mutual Fund, expects the market may be marginally disappointed with the earnings in the current quarter.
«While the consensus earnings for FY2024-25 are in the low teens, we expect the growth to be more in 2H,» he said, explaining that elections and heat waves slowed down economic activities during the quarter.
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With Sensex above 81,000, how tough is it to find new stocks to invest in? Many stocks are trading well above their historical average valuation levels.
Index hitting a new high is a derivative of high economic activity and function of earnings growth. Despite equity trading at a new high, valuations are in line with long term averages. Thus, market returns are tracking earnings momentum.
At Baroda BNP Paribas AMC, our investment philosophy is based on 3 pillars: — Business, Management and Valuation (BMV). We call it the BMV framework. Under this framework we continuously evaluate opportunities across sectors and companies. Given the constantly evolving macros and pro-business policies by the Government, we find interesting investment opportunities. Before investing, we make sure valuations would offer an upside.
In addition, with many emerging sectors, we find