India could be very close to the peak for inflation, but it may take slightly longer as inflation tends to be stickier before it gets unwound, says Santosh Joseph of Germinate Investor Services LLP in an interview to Moneycontrol.
The year 2022 has been an extremely volatile so far owing to so many reasons, from Russia-Ukraine war to inflation to interest rate hikes that stir volatility. Now with rising geopolitical tensions across the world, it is not the best environment for the markets to either be stable or do well, he says, based on his over 17 years of experience in the sphere of asset management, banking and insurance.
The founder and managing partner at Germinate Investor Services LLP says there are enough reasons to believe that IT sector may be closer to the bottom and how badly recession will impact the IT industry is to be fully assessed.
Hence definitely, the IT is today a much better pack in terms of relative valuation to be considered than what it was maybe about a year ago, he adds. Excerpts from the interview: