Period of easy returns now over, taper expectations: Motilal Oswal

The period of easy returns where rising tide lifts all boats is likely over, Motilal Oswal Private Wealth said in a recent note, citing the likelihood of a moderation in corporate earnings growth in the coming years.

- ABHISHEK KUMAR

"Markets have witnessed intra-year drawdowns of 10 per cent or more in 22 out of the last 25 years and investors should always be prepared for such sharp bouts of volatility. The period of easy returns where rising tide lifts all boats, in our view, is over. We reiterate our stance of focusing on companies with strong businesses showing sustainable growth rather than chasing market trends," said Ashish Sha