Feature

Has the market discounted the fallout of COVID-19?

The Nifty lost 40% from its all-time high before rebounding but investors are divided about the pullback

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Published a year ago on Apr 25, 2020 2 minutes Read

Harsha Upadhyaya (L), CIO-equity, Kotak AMC

Given that we are in the midst of an unprecedented crisis, it is very difficult to predict where the market is headed and when will the economy hit the recovery path. Across businesses, the ‘D’ factor is in play. First is, demand destruction, where hospitality and aviation sectors have been the worst hit. The second ‘D’ is deferment. In the case of under-construction projects, given the labour migration, the concern is when will the projects restart? The third ‘D’ is down-trading. It is quite likel

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