Over the past one year, the up-way trajectory of the market has made equity investors richer significantly. After a good run thus far, our macro has turned for worse and market valuations are moderately expensive. This combination doesn’t augur well and its likely that markets will underperform investor expectations over next 12m.
The realistic fair price for the nifty is approx 13300, considering the pre vividh levels and the fact that covid would cause higher NPAs in the banking sector. These NPAs will have to be booked sooner or later
The realistic fair price for the nifty is approx 13300, considering the pre vividh levels and the fact that covid would cause higher NPAs in the banking sector. These NPAs will have to be booked sooner or later
Agree with most of the point, but there is a euphoria premium in addition to risk premium for equities which is currently driving the indian markets.
One hell of an article.
Don't understand it.
Will reread tomorrow too.
BTW, who are you and what do you do?
I've already trimmed my exposure to MF.
So not worried.
Anyway, thanks, because you seem like a very learned person.
Maybe I'll sell some more just make sure that I don't regret afterwards.
Thanks.
Write again.
Bhaskar Aglave