Mirae Sees Indian Earnings Growth of Up to 25 Percent
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Indian companies may increase earnings by as much as 25 percent this year, with first-quarter results suggesting that profit growth is “on track,” according to Mirae Asset Global Investment.
Overall earnings growth for the market should be between 20 percent and 25 percent, said Rahul Chadha, head of India equities at Mirae Asset. That’s more optimistic than the 6.3 percent profit growth expected for companies on the Bombay Stock Exchange’s Sensitive Index, according to analyst estimates compiled by Bloomberg.