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Daily Voice | Don't see any major threat to earnings estimates for FY24-FY25, says this investment advisor

Daily Voice | Don't see any major threat to earnings estimates for FY24-FY25, says this investment advisor

12 Aug, 2023

Nikhil Vikamsey of Alpha Capital believes FY24 - FY25 should deliver as expected as there won't be any large uncertain events to unfold.

In an interview with Moneycontrol, Nikhil Vikamsey, Senior Partner at Alpha Capital, said that the macroeconomic indicators indicate that the earnings trajectory is likely to align with or potentially surpass the estimates. "In short, we don't see any major threat to earning estimates," he added.

He believes FY24 - FY25 should deliver as expected as there won't be any large uncertain events to unfold.

Regarding potential market corrections in the future, the seasoned chartered accountant with more than twenty years of professional expertise asserts that a significant local correction is unlikely due to the actions of the Federal Reserve. However, they do acknowledge the potential for a market decline influenced by the weakness in global markets.

Source: https://shorturl.at/dKOY6

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