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Thiruvananthapuram, June 4

India is witnessing a long-term secular solid growth story, which is likely to last for several years. It is the second fastest growing economy. Lead corporate earnings have maintained an average growth of 27 per cent for the last four years. Given this, Capstocks and Securities advised long-term investors with a two-year investment horizon to stay invested. Sharp falls may be used as buying opportunities in terms of fundamentally good frontline stocks at decent valuations, it said winding up a media interaction here. The markets are likely to stay volatile in the near future. FIIs and international rating agencies have it that India is still over valued compared to other emerging markets though the P/E has fallen from 21 to 18 now.

(This article was published in the Business Line print edition dated June 5, 2006)
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