The general perception amongst investors is they should seek exposure to high-beta stocks in a bull market and low-beta stocks when markets are expected to correct. We decided to test that assumption.
There is a possibility of interest shifting from high-beta stocks to low-beta stocks which is where again defensives will come into play, says Kunj Bansal of Centrum Wealth Management. He sees good opportunity in mid cap and large cap IT companies. He is bullish on Tech Mahindra.