A falling stock is not always cheap: Kotak explains the role of earnings and valuations

Economic Times - Oct 13, 2026

Kotak Institutional Equities argues that stock prices are driven by earnings expectations and PE multiples rather than market flows or liquidity. Rebutting myths about FPI outflows and IPOs draining secondary market cash, the brokerage highlights business fundamentals and mental DCF valuations as the true price drivers.

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