From risk-reward perspective, better to be tilted towards largecaps: Harsha Upadhyaya
Harsha Upadhyaya, CIO-Equity, Kotak AMC, says it is definitely difficult to find value buys in this market, but there are several sectors which are likely to grow at a decent teens kind of earnings trajectory. Those are the names which will have potential to outperform the market. Maybe the volatility will increase, but still there is enough growth on the table.
Upadhayaya further says: “It is not that mid and smallcaps will not give returns or correct a lot at this point of time, it is just that from a risk-reward perspective, it makes sense to have a little bit of tilt towards largecaps and that is what we have been suggesting to most of our investors.”
We were discussing multi-baggers, CG Power, Indian Hotels, Tata Motor, PSU stocks. It is just amazing, in three years some stocks have given 50x to 100x returns.
Harsha Upadhyaya: We are definitely in a good rally since the Covid lows and the market itself has gone up more than 100% when you look at the largecap index and when you look at smallcap or midcap indices, they have also done much better. And within that, there have been several multibaggers. Definitely, it has been a great rally that we have seen in Indian markets for the past three years.
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