The market has not stopped its upward journey, the reason seem to be nothing else but the advent of Corona vaccines and the liquidity injected, and expectation of further such injections. The companies are likely to perform better but we have still to confirm whether the performance will be better against a normalised past year or on a low base established in current corona year.
We present to you the performance of some of the Nifty companies in different sectors to know how far have we gone in giving excessive valuation on hopes:
- Adaniports has improved sales by 1.67 times and PAT by 1.29 times since FY16 till FY 20 while its market cap is higher by 2.69 times.
- Asianpaints has improved sales by 1.42 times and PAT by 1.54 times since FY16 till FY 20 while its market cap is higher by 2.84 times.
- Axisbank has improved sales by…
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