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Indian markets have had a strong run so far. Signs of revival in economic growth, reforms such as the goods and services tax (GST) and strong liquidity-driven flows are key factors. As with any rally, stocks across the market cap spectrum participated.
Among them are companies that have delivered consistent earnings growth in the past 10 years and across market cycles. The outlook is strong with most expected to deliver double-digit net profit growth. Further, they have been rewarded for consistency and are trading at FY18 price to earnings multiples of 17-54 times. Given the fundamentals, valuations are unlikely
Among them are companies that have delivered consistent earnings growth in the past 10 years and across market cycles. The outlook is strong with most expected to deliver double-digit net profit growth. Further, they have been rewarded for consistency and are trading at FY18 price to earnings multiples of 17-54 times. Given the fundamentals, valuations are unlikely
