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Markets driven by liquidity

A change in attitude of FPIs could change the market's fortunes

Devangshu Datta 

Devangshu Datta Growth stocks can become absurdly overvalued.  The Information Technology (IT) industry threw up classic examples during the late 1990s. Companies like Infosys and Wipro were regularly logging very high growth during that period.   Infy recorded revenues of Rs 512.7 crore in 1998-99, which was almost 100 per cent growth over the 1997-98 revenues of Rs 260.4 crore. Net profits (NP) more than doubled, rising to Rs 133 crore over Rs 60 crore in 1997-98. In 1999-2000, revenues rose again to Rs 921 crore - an impressive growth rate of 80 per cent and NP rose to Rs 286 crore, which was ...

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Markets driven by liquidity

A change in attitude of FPIs could change the market's fortunes

A change in attitude of FPIs could change the market's fortunes Growth stocks can become absurdly overvalued.  The Information Technology (IT) industry threw up classic examples during the late 1990s. Companies like Infosys and Wipro were regularly logging very high growth during that period.   Infy recorded revenues of Rs 512.7 crore in 1998-99, which was almost 100 per cent growth over the 1997-98 revenues of Rs 260.4 crore. Net profits (NP) more than doubled, rising to Rs 133 crore over Rs 60 crore in 1997-98. In 1999-2000, revenues rose again to Rs 921 crore - an impressive growth rate of 80 per cent and NP rose to Rs 286 crore, which was ... image
Business Standard
177 22

Markets driven by liquidity

A change in attitude of FPIs could change the market's fortunes

Growth stocks can become absurdly overvalued.  The Information Technology (IT) industry threw up classic examples during the late 1990s. Companies like Infosys and Wipro were regularly logging very high growth during that period.   Infy recorded revenues of Rs 512.7 crore in 1998-99, which was almost 100 per cent growth over the 1997-98 revenues of Rs 260.4 crore. Net profits (NP) more than doubled, rising to Rs 133 crore over Rs 60 crore in 1997-98. In 1999-2000, revenues rose again to Rs 921 crore - an impressive growth rate of 80 per cent and NP rose to Rs 286 crore, which was ...

image
Business Standard
177 22