Markets continued on an uptrend during the current month. Overall concern over high inflation and interest rate has subsided on the back of reducing commodity prices. Globally, stock markets have been on an uptrend and Indian markets also reflected this buoyancy.
Portfolio performance was assisted by performance of Kesoram, which has moved almost 60% over the past 2 months. Underlying economic growth indicators suggest that the strong corporate earnings growth environment will continue through the current year. In this scenario, valuation of some of the stocks is looking very attractive.