Gaurang Shah, Assistant Vice President, Geojit BNP Paribas Financial Services talks to Puneet Wadhwa on the road ahead for the markets and likely triggers.
What do you make of the advance tax numbers announced earlier in the week?
Overall, the advance tax numbers look good. The total tax collection from top 100 companies during the fourth quarter stands at Rs 11,625 crore as against Rs 11,218 crore in the same period last year. Going forward, we expect PAT to be much better in Q4.
What is your expectation of earnings of India Inc in Q4 and over the next few quarters?
We expect companies to report an uptick in PAT in the range of 20- 25%. This is expected to translate into share price upgrades in the next financial year.
The markets have been trading in a tight range. What is your outlook on the same?
Yes, the last few trading sessions have seen a rangebound movement. Going forward, we expect the Nifty to trade in the range of 5045 – 5150 levels. However, stock specific moves will be there for investors to identify with positive bias on markets.
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