Expect revenue growth to remain modest in Q4: Ridham Desai

For Q4, we expect revenue growth to remain modest, but margins could expand and profit growth could be better. Front-ended rate cuts may prove crucial to equities, but from the RBI's commentary, a rate cut in May is unlikely, says Ridham Desai, Morgan Stanley.

April 02, 2013 / 08:25 IST

Ridham Desai, Morgan Stanley said that, "For Q4, we expect revenue growth to remain modest, but margins could expand and profit growth could be better. Front-ended rate cuts may prove crucial to equities, but from the RBI's commentary, a rate cut in May is unlikely. Eurozone events will continue to influence day-to-day market moves as well as its trend."

Gautam Shah, JM Fin Tech said that, "The larger uptrend remains intact. It seems the market did bottom out around 5600. The first point of resistance is at 5720, above which the index should head towards 5800 and then back to 5950."

first published: Apr 2, 2013 08:16 am

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