Market could become volatile in the next 15-30 days due to elections, said S Krishna Kumar, CIO-Equity, Sundaram Mutual Fund.

He added that globally, issues like Iran sanction, peace between Koreans and locally, the first month of earnings have panned out well.

There has been a rising earning trajectory and one can expect a double-digit earnings growth in the next 24 months, he said.

According to him, the rural economy is also on an upswing after 3-4 years.

In the last 6-8 months, one has seen a pickup in demand for various spaces like tractors, two-wheelers, cars, said Kumar.

However, he is cautious on midcap pharma and midcap IT. He said the momentum has changed in the IT space towards the large cap space with large ticket deals coming into fore.

First Published:Apr 30, 2018 11:14 AM IST