Even as the market waits for a factor to surge, DSP BlackRock believes that earnings growth will be the key to any upside. “Valuations are stretched, but you want to be with companies with good earnings growth,” Anup Maheshwari, CIO Equities at DSP BlackRock Mutual Fund told CNBC-TV18.
Speaking on sectors, Maheshwari said that pharmaceuticals is a great long term sector, which is just going through a bad phase. Pricing pressure doesn’t look like it is abating anytime soon, while regulatory resolutions will take about 12-18 months to be solved, he said.
Earnings to be key driver for market; bullish on some financial services: DSP BlackRock
Even as the market waits for a factor to surge, DSP BlackRock believes that earnings growth will be the key to any upside. “Valuations are stretched, but you want to be with companies with good earnings growth,” Anup Maheshwari, CIO Equities at DSP BlackRock Mutual Fund told CNBC-TV18.
Speaking on sectors, Maheshwari said that pharmaceuticals is a great long term sector, which is just going through a bad phase. Pricing pressure doesn’t look like it is abating anytime soon, while regulatory resolutions will take about 12-18 months to be solved, he said.
