Moneycontrol
Last Updated : Jan 09, 2018 11:33 AM IST | Source: CNBC-TV18

See 15% earnings growth this year; consumption, metals to perform well: Andrew Holland

Holland is also cautious as well, especially when it is difficult to gauge what will bring the market lower. The Street is also ignoring negative news flow and finding reasons to move higher.

CNBC TV18 @moneycontrolcom

Highlighting the situation of rising crude prices and bond yields against the market’s record upmoves, Andrew Holland of Avendus Capital Alternate Strategies said it is a liquidity-driven market right now.

While the market had a good 2017, a follow through on a global level is taking place right now. But Holland bets on earnings, going forward, for the market to rise. “We will see earnings growth ahead. We are projecting it to be 15 percent this year. This should keep the market propelled in higher zones this year,” Holland, CEO, Avendus Capital Alternate Strategies told CNBC-TV18 in an interview.

Having said that, Holland is cautious as well, especially when it is difficult to gauge what will bring the market lower. The Street is also ignoring negative news flow and finding reasons to move higher.

Should there be a correction, and there could be one, he expects around 10 percent fall. Moreover, the pain is below index levels in terms of mid and smallcaps, Holland told the channel.

In the earnings expectations, he sees strong trends in consumption, metals and oil and gas.
First Published on Jan 9, 2018 11:33 am

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