Valuations Reasonable In Some Pockets, Says Shreyas Devalkar

In this episode of Talking Point, we spoke to Shreyas Devalkar, Head-Equity, Axis AMC about the Q3 earnings and correction in the markets. Talking about valuation, Devalkar's views are specific as he believes its a stock-pickers market. Valuations are if not mouth-watering or attractive, reasonable.

Those pockets are few.

Expecting all the stocks to go all the way back up may not be right, he said. With investors comparing pre-and post-covid returns, Devalkar said that these expectations may not come through. Some stocks are capable of matching these returns, but he notes that spaces with good valuations are only emerging. Investors to take the call to find these pockets need to keep their expectations low as well, he added.