India coming out of growth holiday, earnings to rebound soon: Rajat Rajgarhia

By Ajaya Sharma

Diversity in financials is now giving investors a lot of options, and they don’t have to play this segment not just with banks, said Rajat Rajgarhia, CEO - institutional equities of Motilal Oswal Securities.

Private banks, NBFCs, insurers and asset management firms can be good options among financials, Rajgarhia added.


“India is coming out of growth holiday and earnings will rebound soon,” he said.

Rajgarhia was speaking at Motilal Eureka Conference in London, where global investors’ looked largely bullish on India with two-three year outlook.

However, there were some concerns over near-term high valuations.

But Rajgarhia seemed comfortable with pricey equities. “We have not reached a stage, where market crash is based on high valuations,” he said.

On recent market fall, Rajgarhia said, midcap premium had moved above mean against largecaps and correction was overdue.