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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