With Indian equity market continuing on a steady state on the last day of the trading week, KR Bharat, MD, Advent Advisors said India continues to remain a bottom-up story for the foreseeable future, and that investors must focus on individual stocks.
The surge in liquidity will see money coming into India but it could also lead to some profit taking and returns could get a bit stressed. more so because incremental liquidity is likely to yield low returns.
He is confident that India currently stands tall amongst its peers, especially post the passage of GST Amendment Bill and FCNR scare disappearing.
So over the long-term the combination of liquidity and improving fundamentals has made the Indian equity as an asset class look better and better. So, stay invested and don’t take money off the table.Watch video for more..
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