Days of everything going up is gone; are we even in a bull run? Samir Arora questions
Samir Arora, Founder, Helios Capital, questions what is a bull run? If one can make 12-15%, is that a bull run or is it a normal run? Because bull run normally means we are growing more than the earnings and getting re-rated. Those days are over for now. We are no longer in a situation where if the earning growth is 12%, the market will go up 18% or 20% like it has done in the past. That kind of bull run, it is not.
Since nothing is happening in the market, let us talk about things like cricket which are better than this boring market. Samir Arora: Losing 3-0 in cricket to New Zealand, makes it look worse than what is happening in the market. Our market does not stand out and moving away from here, we will end up talking about something even worse.
Look at the bright side, In the last one year, we are still in the green. Do not look at the fall, which has happened in September and October. Yes, we may be off from the recent high, but we are still very much in the green in the last month.
Samir Arora: Actually, I think the Indian market has made sure that the run is more sustainable in the sense that if everything had happened this year, then it makes it more and more difficult to do well continuously. And doing well over time is helpful to everybody, including every investor putting in money and SIP and otherwise.
But if you look at it otherwise, if you look at last three-year returns of Nifty, they are the lowest they are compared to any other longer-term period. It is like less than 12% per annum and if you look
