investment strategy: Earnings growth to drive stock selection, limited market upside in near-term: Aniruddha Naha
“Midcap segment is extremely expensive and that is something we will wait out and see how it plays out,” says Aniruddha Naha, PGIM India.
What do you make of the market setup? A lot of stocks have corrected because the headline index is down 10% from highs, but if you look at a lot of midcap and smallcap names, they have easily corrected between 20% to 40%. Are a lot of these names coming into your buy territory now or still waiting for some more correction?
Aniruddha Naha: We have generally been positive on the small and microcap space. I mean, that is the space where we believe a lot of stocks have corrected and it gives you reasonable amount of earnings growth coming through in that space followed by the largecap where we believe there…
What do you make of the market setup? A lot of stocks have corrected because the headline index is down 10% from highs, but if you look at a lot of midcap and smallcap names, they have easily corrected between 20% to 40%. Are a lot of these names coming into your buy territory now or still waiting for some more correction?
Aniruddha Naha: We have generally been positive on the small and microcap space. I mean, that is the space where we believe a lot of stocks have corrected and it gives you reasonable amount of earnings growth coming through in that space followed by the largecap where we believe there…
