The Indian equity market appears to be exhibiting a sense of benevolence or complacency, as fundamental issues like market size and profitability are being sidelined in favor of an obsession with ...

The implied market size, they noted, would need to be even higher in case profitability were to decline from current elevated levels. “The latter is extremely likely, the forms unlikely,” they ...

According to Kotak's DCF model, such companies would require steep and sustained growth rates to justify their high PEs. Kotak Institutional Equities has cautioned that the valuations of numerous ...