Indian corporate earnings growth could bounce to 20 percent this fiscal year, wrong-footing
many analysts who will have to revise estimates upwards, one fund manager told Reuters on
Wednesday.
Bramaprakash Singh, who manages the $20 million Beacon India Alpha Equity fund for
Dubai-based Baer Capital Partners, said many analysts are forecasting earnings for the year to
March 2010 ranging from a fall of 4 percent to a rise of 4 percent.
"Investors need to ask what stock market levels local money can sustain when foreign money
leaves. In the last four or five cycles, markets have formed a bottom around a price-earnings ratio
of nine or 10," Singh said, noting the market is not far off those levels now.
source :
http://in.news.yahoo.com/137/20090708/744/tbs-fundview-india-bull-says-earnings-re.html
many analysts who will have to revise estimates upwards, one fund manager told Reuters on
Wednesday.
Bramaprakash Singh, who manages the $20 million Beacon India Alpha Equity fund for
Dubai-based Baer Capital Partners, said many analysts are forecasting earnings for the year to
March 2010 ranging from a fall of 4 percent to a rise of 4 percent.
"Investors need to ask what stock market levels local money can sustain when foreign money
leaves. In the last four or five cycles, markets have formed a bottom around a price-earnings ratio
of nine or 10," Singh said, noting the market is not far off those levels now.
source :
http://in.news.yahoo.com/137/20090708/744/tbs-fundview-india-bull-says-earnings-re.html
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