Prabodh Agrawal

Giving an outlook for the company, Prabodh Agrawal, Group CFO of IIFL said that there has been a slowdown in the mutual fund distribution business but the company has coped well with changes in mutual fund fee structure.

See Nifty earnings growth @ 8% in FY16, 20% in FY17: IIFL

Prabodh Agrawal of IIFL Institutional Equities has sharply reduced this year's Nifty earnings estimate to 8 percent from 16-17 percent at the beginning of the year

Market valuation not expensive at 16x earnings: IIFL

On the macro front, Prabodh Agrawal, president and head of research at IIFL Institutional Equities, continues to remain positive. He says even if GST implementation gets delayed by three months, it should not be an issue.

FY16 may see 18-19% earnings growth; like IT, cement: IIFL

Prabodh Agrawal of IIFL Institutional Equities says earnings will be the main driver of the market in the coming quarters. He is not betting on the market correcting 10%. He says cement, IT and auto sectors can see earnings upgrade over next 1-2 years.

Don't be distracted by Budget, keep buying market: IIFL

Prabodh Agrawal, president and head of research at IIFL Institutional Equities expects announcements pertaining to increase in spending in physical and social infrastructure in the Budget. He adds that this increase will partly be funded through increase in taxes – primarily indirect taxes.

Sell into strengths; Nifty may go below 4800: IIFL

Prabodh Agrawal of IIFL advises investors to sell on strength rather than buy into weakness. He does not see situation turning around at least for the next four quarters.

Prabodh Agrawal positive on IT space

Prabodh Agrawal of IIFL is positive on the IT space. "At current levels for new buyers, IT space is still attractive," he adds.

More economic reforms should compliment Budget: IIFL

"Budget cannot be a panacea for all the problems," believes Prabodh Agarwal, Head - Institutional Research, IIFL on the expectations from the Union Budget to be announced on February 28.