Raamdeo Agrawal discusses Indian IT growth model and market outlook
What happened
Raamdeo Agrawal stated that the Indian IT sector needs to rediscover its growth model. He expects roaring earnings growth from the current Samvat through the next Samvat. Agrawal also noted that while the market could see near-term downside, the risk-reward equation appears favorable for investors.
From businesstoday.in
Why it matters
Agrawal predicts that if earnings momentum continues, the Nifty could deliver 40-50 per cent returns over the next two to three years. He suggested that the downside risk might be limited to 5-10 per cent.
From businesstoday.in
Who's involved
- Raamdeo AgrawalChairman and Co-Founder of Motilal Oswal Financial Services Ltd
- Motilal OswalMotilal Oswal Financial Services Ltd, where Raamdeo Agrawal serves as Chairman
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- IndiaSpeculative
Investors in the Indian market might adjust their investment strategies based on the predicted earnings momentum and risk-reward outlook.
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The entities involved
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Raamdeo Agrawal
businessman
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Business Today
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