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Sahil Kapoor says "the margin expectation which is built in is that we are going to go higher than our all-time high in terms of profit margins and that is going to be a little challenging. So, A) sales growth is slowing. B) We are already at peak margins, I do not know how far we can go from here. This clearly tells you that there is going to be a pressure on earnings growth in the next 12 to 24 months. But when you look at prices, they have run up quite a lot in mid and smallcaps." ....
Three years of underperformance when topped by a decline of more than 15 in just one month and makes the management come out with clarification is bound to rattle many and is bound to have rub off on other players in the sectors which may not be banks. However because they are part of the financial service sector they tend to get clubbed together. But the fact is that just because one bank is facing headwinds does not mean the whole financial sector is facing the same. While banks might be under pressure, AMC s have been doing well. Similarly, life insurers are under pressure but the general insurance companies have done well. So be selective as analysts are bullish on many companies in the financial services space. ....
Based in the US, Rao was the chief business officer of the banking, financial services and insurance (BFSI) vertical at LTIMindtree (with Mindtree before the merger with L&T Infotech) for over four years. Prior to LTIMindtree, Rao worked for seven years at global rival Cognizant leaving as vice president & managing partner in November 2019. ....
Sandeep Kalra says: “In terms of industry verticals, we have said it over the past several quarters, that healthcare life sciences will lead the growth for us for the next several quarters, followed by technology companies, followed by BFSI. And that is the trend that we are seeing in our order book and that should pan out for us as well.” ....