Negative impactResults
Kotak's Sanjeev Prasad sees 17.5% Nifty earnings growth in FY27, stays negative on IT stocks
CNBC TV18 1 hr ago·19 Aug 2026, 7:39 am
Economy CNBC TV18
Kotak Mahindra's Joint Managing Director Sanjeev Prasad has forecast a 17.5% earnings growth for the Nifty 50 index in the fiscal year 2027. He attributes this optimism to a robust domestic demand recovery and a rebound in corporate profitability. This projection suggests that the broader Indian equity market may continue its upward trajectory over the next two years.
Despite this positive outlook for the market, Prasad has maintained a cautious stance on the Information Technology (IT) sector. He believes that while the sector has bottomed out, it faces headwinds from global economic uncertainties. Investors should monitor the sector's performance closely, as its recovery may lag behind the broader market rally.
For investors, this divergence between the overall market and specific sectors is a key point to watch. While the Nifty is expected to grow, the IT sector's recovery will depend on global economic stability. Keeping an eye on global cues and domestic consumption trends will be crucial for making informed investment decisions.
Key takeaways
- Category: Results.
- AI reads the tone as negative (potentially bearish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
