Markets could consolidate at current levels: Harshad Patil, Tata AIA Life

The consensus earnings for the current fiscal (FY22) are projected to grow by an outsized 35-40 per cent on the back of a relatively weak earnings profile in the previous year, he said

With the markets hitting a fresh record high and India Inc mostly reporting a good set of numbers for the June 2021 quarter, HARSHAD PATIL, executive vice-president and chief investment officer at Tata AIA Life, tells Puneet Wadhwa in an interview that rising spend by the government as well as emergence of private sector capex is expected to keep earnings momentum buoyant for the next few years. Edited excerpts:

After a sharp run thus far in 2021, do you expect the market rally to take a breather now? 

While the possibility of a third wave of the Covid pandemic is