Kotak Explains Earnings and Valuations Drive Stock Prices
Kotak Institutional Equities explains that stock prices are primarily influenced by earnings expectations and price-to-earnings (PE) multiples, not by market flows or liquidity. The brokerage refutes myths about foreign portfolio investor outflows and IPOs draining secondary market cash, emphasizing that business fundamentals and discounted cash flow valuations determine true stock prices.
ET Markets·


