«Now, within utilities, you can very well define a few infra companies, a few cement companies, a few power companies but as a theme power should continue doing well,» says Mayuresh Joshi, Head Equity, Marketsmith India.
Give us a sense of what kind of momentum you are expecting when it comes to the markets next week, because we have had numbers come in from TCS, good set of numbers, IT is looking good. Next week, we get a little bit deeper into the quarter three earnings. Tell us which sectors you think are going to emerge as winners or if you could put it that way, the one with the least amount of cuts coming in when it comes to the earnings preview for quarter three.
Mayuresh Joshi: So, two things, as we see earnings forecast chart put through Panaray, our institutional software, and the sector rotation graph that we probably have, which takes into account earnings that have happened till the quarter gone by and expectations of consensus earnings over the next few quarters, BFSI as a space selective probably looks the strongest as far as the EPS ratings are concerned.
Obviously, the backing for such strong ratings is by strong numbers that have got exhibited in Q2 and expectations in terms of some areas of this segment still continuing to do well compared to the broader markets. The second element is also utilities is what is showing up in terms of the EPS ratings and strength. Now, within utilities, you can very well define a few infra companies, a few cement companies, a few power companies but as a theme
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