Randy Koenen of Red River Farm Network and Randy Martinson of Martinson Ag Risk Management discuss a volatile market in the first week of April 2024 on the Agweek Market Wrap.
The Calendar 2023 saw the NSE Nifty climbing 20.03 per cent and the BSE Sensex jumping 18.74 per cent. This is against a 24 per cent rise in the S&P500 index during the same period.
In the 'curious' case of BHEL, Kotak said the market is willing to give multiples to limited-period or limited opportunity earnings, a clear violation of any reasonable valuation framework.