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Vikas Biyani, CA

Indian FMCG Market Analysis

Indian Market Analysis: Consumption Vs. Extraction

By | India Equity, India Macro | No Comments

We do understand that Investing being game of odds, market participants would prefer to pay a premium for ‘certainty’ in earnings, growth etc. But the same question also then logically extends to expensive valuations. One has to be mindful of the fact that as much as the behavioral biases of the market might lead us to think otherwise, prospective returns essentially are a function of arithmetic calculations and not any story built around an investing idea/theme. Read More

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