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Markets are in the bubble zone

Markets are in the bubble zone
'The mismatch between valuations and fundamentals is startling,' warns Devangshu Datta.Illustration: Uttam Ghosh/Rediff.com Every one of the Nifty set of 50 large companies has declared results for the June quarter (Q1), 2017-18. A look through the numbers is illuminating given the breadth of the index and the fact that all are market leaders. Overall, revenue growth is at 9 per cent year-on-year (y-o-y) and net profit growth is 0.9 per cent. There are two turnarounds. Tata Steel has moved ...
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