試す 金 - 無料
Valuations Steep as Retail Investors Buy Across Price Levels
Mint Mumbai
|February 19, 2025
Retail investors buying regardless of price levels and mutual funds buying due to continued investor inflows are keeping India's market valuations high, Sanjeev Prasad of Kotak Institutional Equities said, adding India's slow growth and high valuations are key concerns for foreign portfolio investors.

"How quickly a valuation reset happens depends on how domestic investors, both institutional and non-institutional, react in terms of aligning quickly to the right levels of value for respective sectors and stocks. This will result in a faster correction. If they don't align, then we have a situation where FPIs will keep selling and domestic investors will keep buying," said Prasad, managing director and co-head of Kotak Institutional Equities.
"This price-agnostic buying by retail is a valid strategy for 10 to 15 to 20 years. But I don't know how many people follow that strategy," Prasad said on the sidelines of the annual Kotak Institutional Equities Chasing Growth Conference. Price-agnostic buying refers to buying across price levels without ascertaining the fundamental value proposition of a stock.
Prasad's comments come against the backdrop of FPI outflows of ₹2.68 trillion from India's cash market over the past four and a half months. The outflows have been induced by slowing GDP growth and corporate earnings in India and rising bond yields in the US following various targets related decisions by the administration.
このストーリーは、Mint Mumbai の February 19, 2025 版からのものです。
Magzter GOLD を購読すると、厳選された何千ものプレミアム記事や、9,500 以上の雑誌や新聞にアクセスできます。
すでに購読者ですか? サインイン
Mint Mumbai からのその他のストーリー

Mint Mumbai
The world sees hope for a two-state solution. Israelis and Palestinians see none.
Rising global chagrin with Israel is leading to a push to revive the two-state solution. This may be its last chance
5 mins
September 22, 2025

Mint Mumbai
PRIVATE CAPITAL REVIVAL STAYS ELUSIVE. ARE INVESTORS TO BLAME?
Even before Aamir Khan immortalised the character of Rancho in the movie Three Idiots, Bertie had met a real-life Rancho. Duke was Bertie’s senior and dorm-mate in college, and it was well-known on campus that he would join his family business after graduating.
2 mins
September 22, 2025
Mint Mumbai
The myth of market buoyancy has multiple holes in it
A recent research report from a prominent Mumbai brokerage house has shocked Indian capital markets by lifting the veil over the Indian stock market's nonperformance.
3 mins
September 22, 2025

Mint Mumbai
Govt scans prices for profiteering as tax cuts kick in
As the biggest reform in India's goods and services taxes (GST) rolls out today, the Centre will be monitoring whether companies actually pass on the tax cuts or keep the gains to themselves.
3 mins
September 22, 2025
Mint Mumbai
Vengeance is far harder to carry out than it may seem
n June last year, aman named Renukas-wamy, who worked ina medical shop, was found dead miles away from home in a drain in Bangalore.
4 mins
September 22, 2025

Mint Mumbai
H-1B fee hike spells gloom for Indian IT
Bigger firms may handle costs better, other sectors affected too
3 mins
September 22, 2025

Mint Mumbai
PM asks small businesses, states to back swadeshi movement
Prime Minister Narendra Modi on Sunday appealed to states and micro, small, and medium enterprises (MSMEs) to play a key role in boosting the domestic manufacturing sector with globally acclaimed quality products that will fuel India’s pursuit of prosperity on the back of a swadeshi movement.
1 mins
September 22, 2025

Mint Mumbai
ChrysCapital to whip up a $200 million dessert storm
India-focused private equity firm ChrysCapital is sweetening its portfolio with a $200-million push into the desserts space, following last month's acquisition of patisserie chain Theobroma, two people familiar with the matter said on condition of anonymity.
2 mins
September 22, 2025
Mint Mumbai
'Skill education to join school syllabus'
The government is considering to add skill based learning be incorporated in the curriculum of Class 11 and 12 as per the recommendations of the National Education Policy 2020 (NEP 2020), Union minister Dharmendra Pradhan said on Sunday.
1 min
September 22, 2025

Mint Mumbai
Govt may not fine green project exits
Until now, such surrender of projects wasn't allowed. In case developers sought to abandon projects, the government forfeited their bank guarantees
3 mins
September 22, 2025
Listen
Translate
Change font size