 "Taher Badshah")
Equity valuations are unlikely to expand further unless there are surprises on the earnings front or developed economies do much better than expected, says TAHER BADSHAH, chief investment officer, Invesco Mutual Fund (MF). In conversation with Abhishek Kumar, Badshah shares that the room for MFs’ outperformance is limited in 2023 due to a predictable earnings environment. Edited excerpts:
In 2022, we saw companies report strong earnings growth. Do you see that continuing?
While 2022 was more about top-line (revenue) growth, 2023 could be better from a bottom-line (profit) perspective. The revenue growth was strong in 2022 due to a lower base but
