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'Rally in mid-, small-cap segments led to valuation premium'
Mint Mumbai
|September 11, 2023
The sharp rally in the mid- and small-cap segments has led to a valuation premium developing in many companies, which could hamper return potential as markets take a breather.
"On a year-to-date (YTD) basis up to 31 August, the rupee has lost less than 1% versus the dollar" - Shreyash Devalkar Head, equity, Axis Mutual Fund
One of the reasons why the broader markets have outperformed is because the mid- and small-cap space is filled with high-quality companies which are able to scale businesses quickly, Shreyash Devalkar, head, equity, Axis Mutual Fund, said in an interview. Edited excerpts:
How do you see rising crude prices and currency volatility impacting the Indian markets?
This story is from the September 11, 2023 edition of Mint Mumbai.
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