Porinju Veliyath highlights Ixigo, Protean and Indegene as strong long-term investment picks
«There is a little discontent among a lot of people, the common man, whether the left wing or the right wing, everybody feels something we are missing. Maybe this budget will open up something like that,» says Porinju Veliyath, Equity Intelligence India.
What is it looking like? Could this be the big swing factor that could perhaps take the markets out of the kind of pain that we have been in?
Porinju Veliyath: See, the market is going through some correction is fine, but cannot call it a huge pain.
No? Not at individual stock level, portfolio level?
Porinju Veliyath: I do not think so. A few months back, everyone in the studio or in the investing field, everybody has been feeling it is a little overshot and there are a lot of excesses in the market, especially in the small and midcaps which have been corrected more in the recent past.
So, this was expected, but it got delayed and it is happening now. So, I feel it is not a big surprise to 90% of the market participants and they have been all expecting that.
And coming to the budget, I do not think budget is going to make any sea change to the situation. Budget, I do not think people are having much expectation.
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