investment strategy: Smallcap space still overvalued; focus on stock picking over market trends: Samit Vartak
“So, there is a lot of froth in that market in the smaller companies where a lot of operators also got probably active and then a lot of the prices were active,” says Samit Vartak, SageOne Investment.
Mid and smallcap stocks are in headline for the wrong reasons. Everyone is feeling the pain of excesses which got created last year. What is your sense? Do you think we are nearing the end of the decline or there is still some more froth in the system?
Samit Vartak: See, midcap and smallcap is a pretty vast universe. So, anything below one lakh crore is midcap and anything below 30,000 crore is smallcap. So, there are about probably 4,500 companies in the smallcap basket and unfortunately what happened was in the last few years across the…
Mid and smallcap stocks are in headline for the wrong reasons. Everyone is feeling the pain of excesses which got created last year. What is your sense? Do you think we are nearing the end of the decline or there is still some more froth in the system?
Samit Vartak: See, midcap and smallcap is a pretty vast universe. So, anything below one lakh crore is midcap and anything below 30,000 crore is smallcap. So, there are about probably 4,500 companies in the smallcap basket and unfortunately what happened was in the last few years across the…
