Long-term investors should snap up quality stocks during uncertainty

Long-term investors should, welcome the "fear of uncertainty" that affects stock prices


Stock price movements are a function of literally thousands of variables,

E A Sundaram
India’s GDP growth rate, according to estimates, could be less than 5 per cent this year. Many agencies, including the International Monetary Fund (IMF), have lowered their growth estimates. Auto sales are down. Job growth is sluggish. The long-awaited turnaround in corporate profit growth hasn’t materialised yet. Micro, small and medium enterprises (MSMEs) are in deep trouble. Indian banks have not overcome their non-performing asset-related issues, and now non-banking financial companies are also in trouble. Despite all these problems, the Nifty 50 index is trading close to its all-time high valuation. How does one make sense of such an environment

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First Published: Feb 22 2020 | 10:36 PM IST

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