One of the best and probably also the worst part of the presentation of return performance of any stocks or for that matter any asset class is a small change in the date for the calculation and one can show whether the glass is half full or half empty. Probably this is happening with the financial service stocks. In the recent past a number of times they have been shown as under performers. But what is being omitted is the fact that over the long term these are stocks which have delivered very good returns and generated wealth. The reason for their short term underperformance is the fact that these stocks are over owned by FPI and because they are sellers in Indian equities these stocks have been facing pressure. But on a relative basis, the pressure in stock prices is far less as compared to what earlier such selling episodes used to bring. Given the fact that fundamentally these stocks are on strong footing as compared to what they were a few years back, it is better to have a look at them with a long term perspective.
