The companies which are trading at cheap prices currently are likely to grow in terms of valuations in the near-to-mid term, Mihir Vora, director and chief investment officer at Max Life Insurance Co. Ltd. told BloombergQuint.
However, he maintained that he is not comfortable in buying such stocks just because of prices. Vora is betting on the road, infrastructure and city gas distribution companies at the moment.
Watch the full conversation here:
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