Why are equity markets moving sharply? Is it only liquidity, or is it a bubble? This was a question that Sorbh Gupta, fund manager-equity, Quantum Mutual Fund answered at a recent webinar hosted by Quantum MF. “The reality is that the economic activity in some sectors is similar or higher than pre-Covid levels. Companies’ operating profit have been moving up sharply and is at the highest levels since past 6-7 years. Net sales are also moving up to the highest levels and also the operating margin,” Gupta said to investors.
