One can exit high beta, high PE stocks, says Sandeep J Shah, CEO of Sampriti Capital.
Shah told CNBC-TV18, "You obviously exit the high PE stocks, the high valuations; at one level I would say that all the high beta stocks are the ones you need to exit first and the high PE stocks. The high beta, exit all your real estates and power stocks - not the defensive one first but I think it makes sense to exit, if you were willing to get into 100% cash, I would be recommending that in the largecap portfolio."
Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.
