"In the past three-four years, India has had single-digit earnings growth. Even in fiscal 2017, it would be in single digits -not more than 6-7%. "
Analysts said the impact of the order on the stock will be shortlived as it will not affect its business operations.
The global financial markets engaged in a giant portfolio shift out of EM and into the QE (quantitative easing)-sponsored markets over the past five years, said Jan Dehn.
Foreign portfolio investors' combined net investments in March has reached a high of Rs 38,445 crore, the highest-ever in a month.
The brokerage firm said that the Indian food service restaurant provides a multi-year growth opportunity.
Nifty PSU Bank Index rises 3.3 per cent on hopes of an imminent solution to NPA problem following Finance Minister Arun Jaitley’s remark.
Traders built long positions and cut their bearish bets on YES stock futures on expectations the share sale would sail through because of the lower issue size and ample appetite for Indian stocks.
The stock should have traded at an average impact cost of 0.5% or less in the last six months for 90% of the observations to be included in the Nifty index.
The brokerage said growth in recent times in Dr Lal PathLabs has been hit by demonetisation but it remains constructive on long term growth prospects of the co.
The move will help the stock exchange attract volumes and lure large-volume players.
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