Valuations looking reasonable, but earnings growth remains a concern: Dipan Mehta
«Specifically, we do not have a stock list ready, like a shopping list per se. We are still observing what has happened in the quarter which has gone by,» says Dipan Mehta, Director, Elixir Equities.
What does one do, just sit it out and watch or do you think it is time now to selectively start buying largecaps or any other for that matter?
Dipan Mehta: See, for many-many months I have been quite negative on the market, but now I am getting cautiously optimistic as well and I do feel that there has been a steep correction in many stocks. Valuations have come to reasonable levels.
They are not necessarily cheap. And the steps which the government has taken to revive the economy, with the lag it will start to have its effect as well.
So, now is the time to start gradually putting money to work. And every correction or any lower levels from these kind of levels is an opportunity for investors to put money to work.
Specifically, we do not have a stock list ready, like a shopping list per se. We are still observing what has happened in the quarter which has gone by.
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