Mid caps, small caps & MFs driving this market into PE expansion: Ajay Srivastava
«I do not think people expecting them to grow very much but the PE expansion is now getting into a zone which hopefully the festive season will give one positive surprise to us but if it does not you could have a lot of grief sitting all there,» says Ajay Srivastava, Dimensions Corporate.
Just wanted to understand what do you make of the strength in the mid and the small caps and the disconnect with what the large cap universe has been doing? Do you think it is getting a little toppish when it comes to individual segments at least within the mid and small cap universe and is it time to tread with caution?
I keep saying this again and again that this India is a market of flows, I think that is where we are at this point of time that the midcap, small cap, mutual funds are driving this market into PE expansion.
I do not think people expecting them to grow very much but the PE expansion is now getting into a zone which hopefully the festive season will give one positive surprise to us but if it does not you could have a lot of grief sitting all there.
Unlock Leadership Excellence with a Range of CXO Courses
Offering CollegeCourseWebsiteIIM LucknowIIML Chief Marketing Officer ProgrammeVisitIndian School of BusinessISB Chief Technology OfficerVisitIndian School of BusinessISB Chief Digital OfficerVisit
Having said that what is also happening is over the last three, four, five years so many companies have come into this market which have got new themes, new industries, unexplored sectors that compared to the original concept of buying cement bank and those kind of stuff steel, now people are buying different kind of set of companies which are primarily available only in the midcap space.
I think it is logical that the real
