Earnings To Remain Weak: Kevin Gardiner
  • Ekta Tibrewal
  • Sep 06 2013

September 6: “GDP data has been disappointing with growth under 5%, instead of the 6-7% expected,” Kevin Gardiner, CIO Europe at Barclays Wealth & Investment Management. Thus domestic-focused companies will remain weak while export-oriented companies will have better revenue and margins, he says. Moreover, Indian equities are not cheap; they have one of the higher PE ratio markets in the world, he adds.