V Srivatsa of UTI AMC believes that IT sector should grow in line or better than expectations embedded in market prices.
V Srivatsa, Executive VP & Fund Manager, UTI MF believes the government should have gone the ETF way instead of stake sale of PSUs to reduce the impact on stock prices.
The tyre industry is getting disciplined and we see structural growth ahead over 3-5 years, said V Srivatsa of UTI MF.
Speaking to CNBC-TV18 he said that in the coming quarters there will be revival in the pharmaceutical sector and the pent up demand due to demonetisation is likely to play its part in the automobile space.
The Budget is going to be the biggest market trigger for the next 3-6 months, says V Srivatsa, EVP and Fund Manager at UTI MF.
The fund is still upbeat on IT and pharma sector even though IT space is still not out of woods but it is likely to be sector that would report profitability going forward. The house is already overweight on pharma, said V Srivatsa, EVP & Fund Manager, UTI Mutual Fund.
According to V Srivatsa of UTI MF, cement companies will see volume growth in FY17 and earnings of the banking space will recover going forward.
In an interview with CNBC-TV18, Prabhudas Lilladher CEO Ajay Bodke and UTI MF Fund Manager V Srivatsa talked about their expectations from the earnings season, discussed stock picks and outlined their views on the market.