Long-term investors still bullish on India: Veliyath

Over two weeks after the demonetisation drive commenced, Porinju Veliyath — Managing Director and Portfolio Manager at Equity Intelligence India — continues to remain upbeat about the markets. Veliyath said that he expects the market to gain going forward and large money can be made in midcaps and small caps.

Despite demonetisation, Veliyath said he remains bullish on Indian equities adding that long-term investors are still positive about India.

He said that he continues to prefer midcaps and correction in stocks such as Jet Airways is a good buying opportunity for investors. He added that he has been buying infra stocks since the announcement of demonetisation.

For entire interview, watch accompanying videos.