Flight to no growth

In the world of investments, stock prices have ideally followed the earning growth of companies over the years. Hence, now with every sector getting affected by the Covid-19-led lockdown, the earnings forecast for almost all companies has been reset and correspondingly, the prices have fallen. Out of the list of about 756 companies (market cap> Rs 500 crore) that we have analysed, more than 90 per cent of them have reported negative stock price return over the last three months. Nevertheless, the remaining companies represent the case where stock prices have given positive returns over the last three months. Riding on a growth traje