Excelsior Correspondent
JAMMU, June 22: Sharekhan Limited, India’s leading retail stock brokerage houses with a strong online trading platform held a seminar on “Market Outlook, Options, Trading and Investment Opportunity in Commodity and Currency Market”.
Mehul Dedhia, Associate Vice President (Equity) from Sharekhan Limited, explained the global view on how US economy is losing its pace, Euro zone crisis threatens to deepen further and in China, economy recovery is growing at a slower pace.
He explained how macro issues in India were putting pressure on Indian currency and how growth is moderated through inflation at trends.
However, on the positive side, he concluded that most of the things are discounted in at this point of time. Globally easing of crude prices and expectation of another global liquidity by way of QE3 or LTRO can fuel the liquidity driven rally in the market.
Back in India, earnings expectation cycle is turning up in the low base and considering the current valuations at a steep discount looks attractive at 13.5x one year forward, he said, adding, that risks-reward ratio looks favourable and suggest 100 percent upside in the next 3 years.
Sharekhan provided market related news, stock quotes fundamental and statistical information across equity, mutual funds, IPOs and much more. Sharekhan provided all these multidimensional services through their outlets at Bahu Plaza, Panjbakhter road, Bakshi Nagar and Shiv Nagar, Udhampur.
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