One move at a time by Rahul Singh, CIO-Equities, Tata Mutual Fund

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Rahul Singh, CIO Equities, Tata Mutua Fund

One move at a me by Rahul Singh, CIO-Equities, Tata Mutual Fund

Markets showed some respite in the month of April after a painful March but the current pandemic concerns are far from over. How and by when the Pandemic can be controlled to what could be the estimated impact on various economies is more like crystal ball gazing today.

In the current edition, Rahul Singh – CIO Equities has through an analogy of Chess game shown that at times it is better to focus on one step at a time instead of trying to think multiple moves ahead as we don’t know what the opposition’s move will be. He speaks of the facts in hand so far which indicates that we have been able to manage the controlling of Covid-19 spread better than many of the major economies. Return to normalcy post-lockdown is expected to uneven and staggered, the impact on supply chain linkages and resumption challenges have been accepted as a reality. Nifty EPS estimates have already been reduced by 15% while a further downside to the same cannot be ruled out either.

However, not all things are gloom and doom. In the latest newsletter Rahul Singh has listed out certain expectations in the immediate term and the likely impact it may have over the next year earnings.

The Newsletter is titled ‘ One move at a time’ and Rahul has tried to explain in the note what he thinks is the likely first move.

Click here to read the Newsletter for the month of May 2020 >>> From the CIO Desk – Issue 15

Media Contact:
Heena Uttamchandani, Corporate Communication, huttamchandani@tataamc.com

Disclaimer: Content Produced by Tata Mutual Fund





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