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MC Interview | Four factors to help revive capex, says Rajesh Kothari of AlfAccurate

Corporate deleveraging and production-linked incentive schemes are among the factors that are expected to drive spending

November 18, 2021 / 11:45 AM IST

Rajesh Kothari, founder of AlfAccurate Advisors, a smallcase registered investment advisor, says inflation is undoubtedly a worry for most companies from the automobile to the consumer sector.

The industrial sector delivered a robust set of numbers, surpassing street expectations, and sounded optimistic about future capital expenditure, which is a good positive surprise for the market, said Kothari, who has over 25 years of experience in the Indian capital market. He remains positive on the capex story. Edited excerpts:

Q: What is your reading on earnings and have you seen more upgrades than downgrades?

Q2FY22 results of corporate India reconfirm our view on the revival of the earnings cycle. Despite cost pressures, earnings beats have outpaced earnings misses so far.