Confidence & faith of the financial system is very low, says Sunil Singhania, Founder of Abakkus Asset Management, in an interview with CNBC -TV18’s Latha Venkatesh and Sonia Shenoy.
Is there a bubble in quality? Sunil Singhania, Founder – Abakkus Asset Manager LLP says high PE stocks will not give high returns for the next ten years. Catch him in an exclusive chat with ET Now.
Indian equity markets have never witnessed as high a valuation in a few stocks for such a prolonged period as we see today. Most of these stocks are usually associated with perception of high & increasing growth and improving capital efficiency. While these characteristics are true for a few stocks, a closer look tells us a completely different story for the majority. We attempt to unearth and understand the valuation bubble in perceived quality stocks in India.