Markets are at risk of not being able to meet earnings expectations for FY22 and downgrade of earnings, Satish Ramanathan, managing director and chief investment officer, equity, JM Financial Asset Management Ltd, said in an interview. If there is a third covid wave, the most vulnerable sectors will be tourism, and hospitality and travel, while manufacturing has learned to cope with it. The most vulnerable sectors remain tourism and hospitality and travel, while manufacturing has generally learned to cope with the disease. Will the earnings momentum continue through FY22? There is a risk to FY22 earnings expectation not being met and earnings being downgraded.

Source: Mint July 22, 2021 18:33 UTC