Deep correction unlikely, allocate 5% of the portfolio to defence stocks: Geojit#39;s Vinod Nair

We are not forecasting a major correction rather the possibility of a consolidation in the near-term due to low risk-reward ratio as a result of high valuation, negative earnings growth and weak fundamentals, Vinod Nair, Head of Research at Geojit Financial Services said in an interview to Moneycontrol’s Sunil Shankar Matkar.
Q) RBI finally announced one-time loan restructuring after a lot of demand, but with riders. What are your thoughts and will it really solve the NPA problem for the banks?…

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