The corporate results season has just started and at the time of writing, there are a few clear trends to focus on. The information technology (IT) sector is under pressure but that’s not news. Other sectors have not come through with enough data for definitive trends.
From first principles, investors will need to examine the fourth quarter (Q4) and full-year results, look at growth prospects, valuations and also make a call on future interest rate trends. India, like every other stock market, has a long record of booms and busts. Index valuations right now are at around price to earnings (PE)
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