stock markets during March and April 2020 would be sitting on handsome profits, but is the opportunity lost for the investors planning to invest now?
While the markets may seem to be overvalued presently, the higher levels are still getting sustained. With EPS flat and valuations sustaining nearing all-time highs, the coming times can be expected to be an exciting story for the investors with a multiple expansion vis-à-vis re-rating story getting written on the walls.While the liquidity into the markets may be driving the present rally, the cost of funding has also declined considerably for the Corporates due to the easing of the monetary policy rates and stimulus relief making its way into the credit markets.