Rural consumption and exports should do well in next 5 years: Ravi Dharamshi

economictimes.indiatimes.com:

«See, markets have been rallying for the last four years since the bottom in March 2020, so one cannot ignore the fact that valuations are on the higher ground,» says Ravi Dharamshi, ValueQuest Investment Advisors.

I thought you would be glued to your trading screen, you are in the studio, looking relaxed on a day like this.
Probably for a trader it matters more, from an investor's perspective I guess policy continuity and political stability is in the bag and I do not think a few seats here and there is going to matter.

What is in the price, what is not in the price? They always say the investor looks at what is in the price, what is not in the price. So, for an investor like you what is in the price, what is not in the price?
See, markets have been rallying for the last four years since the bottom in March 2020, so one cannot ignore the fact that valuations are on the higher ground. Having said that probably there are pockets like infrastructure, defence, railways which have done very well on the back of anticipation of this government coming back as well, so those pockets are definitely on the more expensive side, but there are other pockets like private banks, consumption areas which are not so expensive as well. So, I would not pass a judgement on the entire market that markets are expensive. In fact, the largecaps are not so expensive as well.

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