Market Talk: Pramod Gubbi Would Rather Wait For 'More Reasonable Valuations'

Pramod Gubbi of Marcellus Investment sees the recent market correction as a potential boon for long-term investors, offering opportunities to buy quality businesses at better valuations. Gubbi noted that while macroeconomic fundamentals remain strong, the correction hasn’t yet made markets significantly cheaper due to earnings weakness. Gubbi highlighted private-sector financials, including banks and NBFCs, as pockets of value with intact asset quality, while ranking IT and pharma higher for their earnings predictability despite being relatively expensive.