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Earnings growth may slow down to 17%: Raamdeo Agrawal (CNBC-TV18, Moneycontrol.com 5th Feb 2008)
Raamdeo Agrawal, Director and Co-Founder of Motilal Oswal Securities, said the overall Q3 earnings were much been in-line with expectations and no positive surprises sprung up.
But metals, cement and engineering results surprised negatively, he said, reports CNBC-TV18.
While banking results outperformed in Q3, FMCG and IT results were also in-line with expectations. Although, he expects expects earnings growth to slow down from 21% to 17% for this year.
Speaking on the IPO market, he said it will remain buoyant but issues will be priced lower. And interest rates will determine the direction of markets.Read the Complete Interview
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