Financial Insights

Nifty earnings likely to see growth in FY21 against earlier expectations of de-growth: Amit Ganatra of HDFC AMC

Q3FY21 has been one of the best earning seasons in the last six years (since September 2014), with after-tax profit (PAT) of around 32%, says HDF CAMC’s senior fund manager.

A budget announcement focused on the growth and revitalization of capital investment heralds the start of a new investment cycle and the promotion of corporate credit growth. Therefore, the market is promising in the medium to long term.

However, Amit Ganatra, senior fund manager at HDFC Asset Management Company (HDFC AMC), needs to pay attention to some of the short-term risks such as the surge in 19 COVID cases, soaring oil prices and geopolitical tensions. Says. , In exchange with Swati Verma of Moneycontrol.

Ganatra has over 17 years of experience in equity research, including approximately 9.5 years in fund management. Prior to joining HDFC Asset Management Company Ltd, he worked at Invesco AMC and DBS Holamandalam AMC.

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