Stock market set to plateau after euphoria of last four years: Zerodha’s Nithin Kamath
stock market growth is set to plateau after the euphoria of the last four years which led to record participation of retail investors and this will have an impact on the growth prospects for the Bengaluru-based firm in the coming years, said Nithin Kamath, chief executive officer, Zerodha.
“Zerodha’s performance would be highly correlated with the performance of the markets, and given the euphoria in the last three to four years, it is difficult to continue with the same optimism for the next few years,” Kamath said.
Since reaching the peak of 85,000 in September, the BSE is currently trading at around 77,500, falling steadily over multiple trading sessions.
Additionally commenting on the flood of initial public offerings over the last one year or so, Kamath said that this trend of new generation companies entering the market is a very positive sign and will help fuel participation of more new generation retail traders into the ecosystem.
“While retail participation in stock trading has not reduced in the last six to eight months, things like the long term impact of artificial intelligence on jobs need to be watched out for,” he added while taking a cautionary stance on the performance of the larger job market and the macro economy.
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