INSUBCONTINENT EXCLUSIVE:
Indian equity market is not at all in the bear phase and the recent correction is an opportunity for stock picking, says Porinju Veliyath,
Founder CEO of Equity Intelligence
He was addressing an investors event in Kochi
He said the ongoing correction in midcap and smallcap stocks is quite normal and the market had witnessed it many times earlier also
The BSE Midcap and Smallcap indices are down up to 14 per cent on a year-to-date basis till June 22.
Porinju said India can become $5
trillion economy over next five years
There is a need for political parties or politicians to come together to support the process of reforms the way they are now joining hands
We need very credible and capable leaders supported by all political parties
Uncertainty and high valuation triggered the recent correction in the market
The recent volatility in midcap and smallcap stocks is not linked to global cues, he said.
Porinju advised investors to focus on the
business models of companies before they pick a stock
We are going through that phase
Many companies are going to die
Companies do die, but this is something very unusual
Comoanies are going out of business in mass numbers, especially in the midcap and smallcap segments
growth going forward, he said.
