Porinju Veliyath Adds Biocon to Portfolio, Exits DLF

Porinju Veliyath, managing director and portfolio manager, Equity Intelligence says investors should not be afraid about the sharp correction in stock markets. His comments came on day when Nifty closed below 7,500 for the first time in 19 months. (Watch) Mr Porinju said midcap stocks, devoid of fundamentals, have witnessed a sharp correction, but stocks with strong growth story have made fresh highs despite current selloff.  The v...