STOCK
DOCTOR
dr gs sood
Two recent events vindicate my view on
the market being in a secular bull run with intermittent corrections coming in.
One, the rating upgrade and the other, the Supreme Court’s cancellation of
allotment of coal blocks. The market may have run ahead of fundamentals but the
uptrend will continue to sustain, more due to earnings’ expansion than due to
expansion of earnings’ multiples. The fundamentals, of course, have started to
catch up, as reiterated by an upgrade of India’s sovereign rating by
international rating firm Standard & Poor (S&P) from negative to
stable.
No comments:
Post a Comment