Analysis of fundamentals in the stock market / price-to-earnings ratio at its most valuable

According to Fars News Agency’s economic correspondent, the capital market has been waiting for the government’s plan for the country’s economy to be determined in recent months. And even the settlement of part of the debt of the previous government to the central bank was a positive action of the government in the field of economy, which also had a great impact on the capital market.

The stock market has risen in recent weeks as the government has taken serious steps to control inflation and reduce the budget deficit, and rising global prices have helped boost the stock market. In the last 75 days, the stock exchange has been able to experience 270,000 units in the total ascent index, from the upper half of the channel of 1.2 million units to the upper half of the channel of 1.4 million units.

This 22% growth in this period has started from the beginning of February and the determination of the government program in the new year and the beginning of the work of the Budget Consolidation Commission. During this period, rival capital markets such as gold, currency, coins, cars, housing, etc. have not had such returns.

According to the experience gained in the stock market in recent months, a slight opening in the economic situation can lead to the return of shareholders ‘confidence in the capital market, trading with investors’ parked money in brokerages and new money entering the market. If these things happen like the last two months, we can hope to create an upward and balanced trend in the market.

* The fundamental factors of stock market growth are shouting

The market has reached one of the best conditions for fundamental growth and the market p / e rate (price-to-income ratio) has reached the range of 7. For most basic symbols, this number, which is calculated prospectively, is in the range of 3 or 4, which indicates the value of the shares. In other words, these figures, which evaluate the market in terms of fundamental analysis, find sales in this situation unjustifiable.

The assignment of the Nimai exchange rate (the assumed rate of most foreign exchange and export companies with exchange rates) has greatly facilitated the inflow of liquidity into the stock market. Capital market conditions over the past 20 months have encouraged most shareholders to be critical and wait for issues to affect the market.

* Global markets are an effective factor on the Iranian stock market

Global markets are one of the components that have the greatest impact on the Iranian capital market. In other words, the world market has always been a very influential component of the Iranian capital market, and the year 1401 is no exception.

In this regard, Bayat, a capital market expert, in an interview with Fars News Agency economic reporter about economic openings in recent months, said: Capital inflows, equipment, modernization, cash inflows, skills, etc. lead to economic growth and create a value chain in industries Will vary, and this can affect many of our stock industries.

He continued: “In the current situation, these economic openings must be seen alongside global developments.” In the past two years, the economic policies of the US government, and especially the Federal Reserve, have had a major impact on world prices for basic metals, and this has led to changes in Iranian industries. In my opinion, internal factors and variables are influenced by external and international variables.

It seems that in 1401, if the exchange rate is stabilized and the implementation of ten approvals on feed rates and bank exchange rates by the end of July, the parent companies and refining industries can have a growing trend.

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