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In March 2023, when Nifty started to recover, the mid and smallcap indices were still under selling pressure. But in April, when the headline index gained 4%, the midcap index advanced over 5% while smallcaps gained 7%.
"I assess equity markets with the C-F-E framework, where C stands for corporate earnings, F for flows, and E for event risks. Corporate earnings have grown well over the last two years, with Nifty 50 earnings per share rising 30% from 650 to 850. So today with Nifty 50 at around 20000 levels, we are trading at 23.5 times trailing earnings."
The overall sentiment remains positive, and the advisable approach is to view dips as buying opportunities.
How to trade and invest after Nifty hits 20,000
“I believe the game is just starting. In consumer companies, once you cross Rs 100-crore profit mark, in the next three-four-five years, typically you end up moving to Rs 500 crore and that is the pattern in all consumer companies. That is what I expect in RedTape also but we will hold the stock till the time there is execution. If there is no execution, we at Stallion have better choices and will move out.”