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"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."
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.”
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