Moderate profit growth this year, but strong outlook: Bhandwaldar

Sectors with visible earnings growth face valuation challenges, while in sectors where earnings growth is not visible, progress remains elusive, according to SHRIDATTA BHANDWALDARHead of Equities at Canara Robeco Mutual Fund. In an email interaction with Abhishek KumarBhandwaldar discusses the potential downgrades at the end of the IT sector earnings season, noting that upgrades are contingent on the US outlook. While the IT sector may have bottomed out, visible upgrades are not yet visible. Edited excerpts:

What are the main conclusions from the budget from a stock market perspective?

The budget continues the theme of budgetary policy