The beginnings of an economic turnaround, driven by the government’s reform initiatives, may not translate into higher returns at the stock market, says a report from Kotak Institutional Equities.
The brokerage has identified two reasons — stretched valuations of quality stocks and possible earnings downgrades. That, however, can be reversed if there is a higher-than-expected interest rate cut, but the report says any aggressive action from the RBI could be constrained by external developments.
Read more Click here / www.trade4x.net
No comments:
Post a Comment