Lower base will lead to higher growth in june quarter - Nirmal Bang
Lower base will lead to higher growth in june quarter
* Higher YoY growth is lead by lower base. Sectors like Metal, Technology and Pharma are contributing to higher growth.
* Though earnings are likely to declined by 15% QoQ
* Even 2 year PAT CAGR will see 17% pa growth. Again contributed mainly by Metal and also Technology and Pharma.
* Where as sectors like Auto, Consumer durable, FMCG, Capital Goods, Infra, Retail will see negative 2 year CAGR
Strong FY22 Growth Expected
* FY22 Nifty EPS to grow by 40% followed by FY23 at 17%
* Again Higher Growth is led by Metal, IT, Banking and Oil and Gas
* Long Term Nifty CAGR is around 12%
* Even last 5 year CAGR will also be 12% CAGR
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