investment strategy | earning growth: Prefer staggered investment approach; expect early double-digits earning growth in FY26: Karthikraj Lakshmanan
Karthikraj Lakshmanan, Senior V-P & Fund Manager, Equity, UTI AMC, says expecting single-digit earnings growth for FY25, which ends in March 2025. For FY26, the earnings growth is projected to be in the early double digits, not the high teens we have seen before. In terms of sectors with reasonable valuations, financials stand out. Private banks have been increasing their market share over the last 20 to 25 years and are expected to keep doing so with strong return ratios. Additionally, UTI AMC has favoured the IT sector for the past two years. The third sector they have focused on is consumer discretionary, but they are also interested in FMCG if valuations drop further.
Two very bullish brokerage notes came out yesterday. One was by…
