With the earning season setting in this week, the surprise or shock question is the buzz on the street. In an exclusive interview to CNBC-TV18, Suresh Mahadevan, managing director and head of Indian equities at UBS Securities says the earning season is going to be a 'big negative surprise'.
"If I look at the general consensus numbers, we are still looking at between 14-15% of earnings growth in FY12 and another probably 15-16% in FY13. And, these numbers can come down to 10%," says Mahadevan. He also added that though the market is aware that the earnings growth is likely to be around 10%, the consensus on the street will take time to adjust. He suggests that while there is a slim chance that the market could slip another 15-20%, it is also a time when stock pickers can come in, buy stocks and hold it for 2-3 years and make a lot of returns. Below is an edited transcript of Suresh MahadevanDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
