Green shoots visible finally – after 8 long years

S N Lahiri

CIO – Equities

L&T Mutual Fund

  • Earnings growth finally visible – after 8 muted years
  • Corporate profits as % of GDP have bottomed out
  • Capex cycle is finally showing signs of turning around
  • Valuations appear reasonable post correction – especially in the cyclicals space
  • Brace yourself in 2019 for global slowdown and domestic election led volatility
  • Ripe market for bottom up stock picking across sectors and themes

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