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News From Press Mid & small caps could see 12% earnings growth: Janakiraman Rengaraju, Franklin Templeton India

Mid & small caps could see 12% earnings growth: Janakiraman Rengaraju, Franklin Templeton India

Source: Economic Times Sep 14, 2017

India will see decent tangible benefit coming through GST, as there is a change of heart in the unorganised segment after GST and demonetisation, Janakiraman Rengaraju , portfolio manager - equities, Franklin Templeton India told Prashant Mahesh. Janakiraman, who manages midcap funds, says if one looks at relative valuations, then mid and smallcap stocks are not expensive in comparison to large caps.

Edited excerpts:

It's been a couple of months since GST came into force. What are you hearing from the midcap and small cap companies you track?

The procedural part has gone off well, though the reconciliation of bills with counterparties is yet to happen. Many of the companies we have spoken to are reasonably satisfied with their experience. There were apprehensions about whether the system will be robust enough to accommodate  ..

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