"It is indeed a buy on deep dips market as far as the equity goes. Many of the largecap companies are at the valuation which was prevailing pre-Covid whereas their revenues and earnings are much higher, thus providing opportunity," Ramkumar K, Chief Investment Officer at Reliance General Insurance Company, says in an interview to Moneycontrol.
Ramkumar, with more than 29 years of experience and expertise in the banking and investments segment, believes India's GDP growth in the next few quarters is expected to be much lower than the first quarter, which will threaten earnings projections.
He feels the possibility of a bigger correction in equities cannot be ruled out considering that India is staring at inflation of 7.4 percent even after many interest rate hikes.
Do you think this is a buy on dips market as we don't have any serious red flags?