A Conversation With : Rajeev Thakkar, Chief Investment Officer at PPFAS Mutual Fund
Updated on: 13 Jun 2016
Investing is all about taking a qualitative call in a scenario that is neither a bubble market, nor a buyer's market, Rajeev Thakkar tells et.
What is your assessment of the recently concluded earnings season?
Except for the known problem areas like banks, commodity-linked firms and some overleveraged infrastructure names, results have been largely good and the trajectory is looking up. The commodity price fall has been corrected and it is on the upswing. Therefore, pressure on these players may recede, going forward.
However, banks in the public sector could remain under pressure for a year or two. The clean-up is not going to happen overnight. Besides, export driven companies are still seeing some headwinds. It is not that you will see a uniform upswing immediately. Some will come out of the slump earlier, others will take more time. But overall, the earnings for 2016-17 should be better than that in 2015-16.
Are you betting on the monsoon to provide a leg-up to the economy?