Earnings should grow by 8-10% in FY18: Pramod Gubbi

There are few signs of economic recovery and earnings growth this financial year, says Gubbi

Pramod Gubbi, managing director and head, equities, Ambit Institutional Equities, says there are a few signs of economic recovery and earnings growth this financial year could be better than in FY17. He also says the aggressive pricing in the bond markets could turn into a bubble scenario and impact domestic flows in equities as well. In a conversation with Sheetal Agarwal, he talks about these and other market trends.
 
Is there a bubble in the making in this liquidity-driven rally?
 
I think ‘bubble’ is an extreme definition of the situation. We are not there yet. We have seen