1. Earnings growth is expected to accelerate as the lingering toxic effects of demonetisation ease off and the new goods and services tax (GST) settles down.- If so, How stock valuations are incredibly high? hence, you are wrong. 2. This ( boom in stock values) has occurred despite subdued earnings growth, weak macroeconomic data and cuts in consensus forward earnings estimates - This clearly shows that N-W belt has shown a devil of the Govt. measures and inflated the stock prices to deceive retail investors. There are companies which have never declared dividends, leave alone bonus are now coming out with Buy-backs to deceive again with freebies. Take the ADAG Group and how the prices catapulted 200-500% in a span of a month. Absolute nonsense and cheating. My advice to retailers is - control your greed and quit such stocks which have no fundamentals and paying record (D / B/ BB).
