I don't think the markets are in a bubble zone: Motilal Oswal

Interview with chairman & managing director, Motilal Oswal Financial Services

The markets hit all-time high last week. MOTILAL OSWAL, chairman & managing director, Motilal Oswal Financial Services tells Puneet Wadhwa that he expects foreign institutional flows to remain strong over the next few quarters, given the promise of political stability and concurrent prospects of economic reforms, coupled with a strengthening rupee. Edited excerpts:

Do you think the current market levels are sustainable?

We stand at a great divide now. While earnings have been largely flat over the last three years, market indices are touching new highs. Our research team estimates a healthy 21 per cent earnings CAGR (compounded annual growth rate) over