Gold Silver Reports (GSR) – Principal Mutual Fund Expects 15-20% Growth In 2018-19 – Principal Mutual Fund expects about 15-20 percent earnings growth in the current financial year, its Chief Investment Officer – Rajat Jain.
Key highlights from the conversation:
✅ See interest coming back in capital goods, but most companies are expensive, need to be selective.
✅ Seeing growth in domestic cyclicals like auto, cement, paints.
✅ Overweight on domestic cyclicals, neutral on it sector now.
✅ Earnings so far in-line with market expectations.
J Kumar Infraprojects Gains After Order Win
Shares of the infrastructure developer rose as much as 3.4 percent, the most in over a week to Rs 287.
The company won an order worth Rs 445 crore for Pune metro, according to its stock exchange notification.
Trading volume was 4.6 times its 30-day average, Bloomberg data showed. The stock declined 5.2 percent so far this year.
