Not a market for bargain hunters; look beyond June 4 for investment opportunities in next five years: Abhay Agarwal

economictimes.indiatimes.com:

Abhay Agarwal, Founder & Fund Manager, Piper Serica, says this is a market where once the event is over, people will refocus on earnings, refocus on growth, refocus on India's long-term economic potential and the resultant expansion in market cap due to that and which companies will benefit the most. So, the whole conversation will change into that direction. Investors should look beyond just this June 4th date and look where the investment opportunities are for the next five years

You have seen many election-led volatility, nervousness, something which is going on in the market right now. But you are recommending to your clients that the best strategy is to walk through this volatility, staying fully invested, isn’t it?
Abhay Agarwal: Absolutely right, I have seen that these kinds of volatile environments are the best friends of long-term investors because this is a time that you get very good opportunities to buy high-quality stocks at reasonable valuations. I do not think this is a market that people who are looking to bottom fish or bargain hunt should be looking at. This is a market where once the event is over, people will refocus on earnings, refocus on growth, refocus on India's long-term economic potential and the resultant expansion in market cap due to that and which companies will benefit the most.

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