A Watchlist of India’s Luxury Megatrend Stocks
In my previous editorial, I emphasized the importance of exercising caution rather than greed in current situations. The slowdown in earnings growth, the high marketcap-to-GDP ratio, the high smallcap-to-Sensex ratio, and the overall risk-reward equation all appear to be against the odds. If there is no price correction, some high-flying equities are likely to see a time correction. As a result, investors would do well to maintain a conservative asset allocation and a margin of safety in their purchasing levels. However, the situation is not entirely terrible. As I previously shared with subscribers, digging deeper into recent earnings trends reveals some fascinating patterns. Take a peek. You see what's happening here. In sectors such as agri and FMCG, that cater to masses, the operating profit growth has been the…
