ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Margins under Pressure

That the overall economic environment is now more market oriented than ever before will be readily conceded. Going by the expansion and diversification plans announced by several companies, corporate managements are quite optimistic about future prospects under the liberalisation regime, One could plausibly argue that since there has already been a very significant increase in the price-earning ratios of most companies, the current equity boom has discounted future earnings rather heavily Much depends on one's perception of the timeframe in the assessment of the market's behaviour.

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