The Conundrum of Poor Profit Growth and Rising Stock Prices
Everybody knows that the primary driver of stock prices is profit. A slight slowdown in profit growth can beat down a stock that is expected to grow at a high rate, if the decline isn’t seen as temporary and explainable. This is the reason for the recent decline in high-profile stocks, such as Bhansali Engineering, Avanti Feeds and Wim Plast (which we discuss this week). So, shouldn’t the same...
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