Morgan Stanley Scales Down Earnings Estimates
  • Elizabeth George
  • Sep 26 2013

September 26: Morgan Stanley’s Ridham Desai says he expects broad market earnings to fall by 6% YoY. “Sensex companies earnings may be better at 4% growth in FY14, he says, adding that he sees 12% earnings growth in FY15 depending on the election outcome. “The underlying growth in the economy will take time to come back and we must be prepared for more disappointments than positives,” he adds.