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Interview | We could possibly see earnings downgrades after Q1FY22 results: Rusmik Oza of Kotak Securities

Indian markets may not be out of the woods yet as we could be still 30-45 days away from seeing the peak of COVID cases.

April 30, 2021 / 11:12 AM IST

Rusmik Oza, Executive Vice President, Head of Fundamental Research at Kotak Securities feels going by the second wave pattern of developed nations, the cases peaked in Europe in two months and in US in 3 months. India could also take 2-3 months for cases to peak, according to Oza.

Kotak Securities sees Q1FY22 and FY22 GDP at 29 percent and 10.5 percent, respectively. "We can expect these numbers to go down looking at the ongoing ground situation," Oza said in an interview to Moneycontrol's Sunil Shankar Matkar.

The Executive Vice President and Head of Fundamental Research at the brokerage firm said the last two quarters saw consistent earnings upgrades which would halt as of now. "And we could possibly see earnings downgrades after June quarter results, if the COVID situation drags into Q2," he said.

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