Financial News

Daily Voice | India offers higher growth than other EMs, current valuations not alarming, says this CIO

Anil saren

Anil Sarin of Centrum PMS says India has always been an expensive market, but this is justified due to attractive historical stock returns and higher earnings growth.
One has to look at mid-cap and small-cap space individually, instead of focusing on headline valuation, says Anil Sarin of Centrum PMS as many sectors and segments are in a growth phase and their valuations still appears favourable compared to their medium-term earnings growth potential.

anil saren
anil saren

The Chief Investment Officer at Centrum PMS with over 25 years of rich experience in fund management expects overall private capex to be strong over next 2-3 years, due to rising/peaking capacity utilisations, improving demand visibility and comfortable balance sheets.

He believes India offers higher growth than other emerging markets (EMs) and therefore current valuations don’t seem to be very alarming to us. On the valuations front, the Nifty is trading at forward PE Of 20.6x which is roughly 0.5 standard deviations above mean.

Related posts
Financial News

Credit Suisse Lifeline, First Republic Rescue: What You Need To Know

Credit Suisse headed into a make-or-break weekend after some rivals grew cautious in their dealings…
Read more
Financial News

Asia FX Firms, Dollar Slumps as SVB Turmoil Clouds Rate Hike Outlook

Most Asian currencies rose on Monday, while the dollar tumbled to near three-week lows as a…
Read more
Financial News

Toshiba Cuts Full-Year Profit Estimate, COO Resigns

Japan’s Toshiba (OTC:TOSYY) Corp on Tuesday reported an 87.5% drop in third-quarter operating…
Read more

Leave a Reply

Your email address will not be published. Required fields are marked *