Question

what is the meaning of 'equity cult'?

Answer 1

Equity Cult refers to behaviour when one stock create a heavy interest among investor who want to invest in the equity markets even though the company's current fundamental are insignificant

Answer 2

The term "Equity Cult"  refers to the behavior of investors in the business stock exchange or simply in the market. When the investing pattern does not follow the logical risk- benefit trend in the market, it is referred as Equity Cult. We see some stocks create heavy interest among investors though the company's current fundamentals are insignificant. Here the investing pattern does not follow the logical risk-benefit trend.  

Death of Equity Cult is one of the major problems of Indian Market in the present era.