Stock market rally of 2014 different from 2007 as investors become choosy
Many stocks have more than doubled in 2014, reminding diehard investors of the peak of the previous bull run in 2007.
By ET Bureau |
The year 2014 proved to be a solid year for many Dalal Street participants after almost five years of uncertainty. Many stocks have more than doubled in 2014, reminding diehard investors of the peak of the previous bull run in 2007. But what differentiates the stock market rally of 2014 from that of 2007 is that investors have been choosy. Investors have preferred stocks with stronger fundamentals and shunned those with high debt. ET has compiled a list of groups and companies that have created and destroyed wealth for their shareholders.