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India Markets Not Cheap Right Now? CIO Rajesh Bhatia Flags Risks
Rajesh Bhatia, CIO at ITI, says market volatility currently appears higher than the actual underlying risk. He notes that passive money flows have chased opportunities in Indian equities, creating pockets of overvaluation, especially in midcap and smallcap stocks.
Bhatia also highlights that foreign investor interest has softened as India is no longer considered a cheap market. While he remains optimistic about India’s long-term growth trajectory, he cautions that near-term challenges remain.
India Markets Not Cheap Right Now? CIO Rajesh Bhatia Flags Risks
Rajesh Bhatia, CIO at ITI, says market volatility currently appears higher than the actual underlying risk. He notes that passive money flows have chased opportunities in Indian equities, creating pockets of overvaluation, especially in midcap and smallcap stocks.
Bhatia also highlights that foreign investor interest has softened as India is no longer considered a cheap market. While he remains optimistic about India’s long-term growth trajectory, he cautions that near-term challenges remain.
