TBNG Magazine – January 2019

Start of the year 2018 was marked by high optimism reflected in valuations, which were above historical average by a margin. Rising oil prices, depreciating Rupee, Rising interest rate, Default by IL&FS, liquidity and FII selling resulted into crash in small and mid-cap stocks and correction in large cap stocks. However, among all the gloom corporate profitability kept on steadily improving.

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