Prepare for mediocre equity returns in ’23: Kotak’s Gupta3 min read . Updated: 17 Jan 2023, 06:33 AM IST
In FY24, we expect real GDP growth to slow down to 5.6% y-o-y, but Nifty earnings growth should improve from 10% in FY23 to 16%, says Pratik Gupta, CEO and co-head of institutional equities at Kotak Securities
NEW DELHI : The year gone by was a challenging one for global equities with multiple headwinds, from geopolitical tensions to high inflation and rising interest rates. India, however, stood out from other emerging markets, displaying resilience amid the global chaos. In an interview, Pratik Gupta, chief executive officer and co-head of institutional equities at Kotak Securities, spoke about his expectations from the ongoing earnings season, sectors and stocks that offer opportunities, and those to be avoided, volatile markets and foreign investment flows. Edited excerpts:
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