In an interview to CNBC-TV18, TS Anantakrishnan, CEO of Varanium Capital shared his views and outlook on fundamentals of the market as well as few stocks.
Broad market valuations are at the upper end. So the broad rally has been across emerging markets, not specific to India, he said.
From a broad earnings perspective, we have not seen much of earnings, so it has to be a stock specific approach that you take, he added.
He doesn’t see a big risk of price to earnings (P/E) derating.
Speaking on Essar Steel, he said that the whole idea of going through National Company Law Tribunal (NCLT) process was that there is no delays per se in this process.
We are getting constructive on IT because we see BFSI segment started to improve, he said.
He believes there is visibility as far as earnings is concerned going forward and it is an opportunity for one to buy.For full discussion, watch accompanying video...