Mayur Patel forecasts growth in Indian equities and small-cap earnings
1 report, 1 independent
Updated Fri 00:00
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What happened
Mayur Patel, president and fund manager at 360 ONE Asset, forecasts that the Nifty 50 PAT could grow by over 20 per cent year-on-year in the September quarter. He expects small-cap company earnings to grow around 30 per cent in the current financial year, compared to mid-teens for large caps. Further out, he anticipates earnings growth of around 14 per cent in FY28.
Why it matters
Patel suggests that earnings, rising exports, and macro relief could drive markets higher over the next 12 months. Specifically, August merchandise exports rose 26 per cent year-on-year, with electronics exports nearly doubling.
Who's involved
- Mayur PatelPresident and fund manager at 360 ONE Asset, providing market forecasts
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The entities involved
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Mayur Patel
researcher
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