BERNSTEIN ON INDIAN MARKET
Earnings revisions was the best performing style of 2024, and we have been waiting for the style to become attractive again, we now find ourselves at this juncture.
Earnings revision is the only factor to be reasonably valued on absolute basis (at 10-vr avg) and to be one of the cheapest relative to the market.
More importantly, the portfolio is showing signs of bottom on earnings downgrades (after importantly, the portfolio is showing signs of bottom on earnings downgrades (after reaching extreme levels) on both absolute and relative showing signs of bottom on earnings downgrades (after reaching extreme levels) on both absolute and relative basis.
Earnings revisions was the best performing style of 2024, and we have been waiting for the style to become attractive again, we now find ourselves at this juncture.
Earnings revision is the only factor to be reasonably valued on absolute basis (at 10-vr avg) and to be one of the cheapest relative to the market.
More importantly, the portfolio is showing signs of bottom on earnings downgrades (after importantly, the portfolio is showing signs of bottom on earnings downgrades (after reaching extreme levels) on both absolute and relative showing signs of bottom on earnings downgrades (after reaching extreme levels) on both absolute and relative basis.
