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See 10% Earnings Growth For FY14: Deutsche Equities India

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September 12: Our analysts see 10% earnings per share in FY14 versus a Street estimate of 4-5%, says Abhay Laijawala of Deutsche Equities India. He explains this by saying that while India is slowing down, the world is recovering and 40% of Sensex companies depend on non-Indian revenues. “There is significant consolidation in markets around these companies, which have rich valuations,” he says.