Investors should shift to value stocks from overpriced names: S Naren
It is tough to predict how the geopolitical situation will pan out, but higher crude oil prices could be negative for India, said S Naren, executive director, ICICI Prudential Asset Management. In a press meet on Monday, Naren said investors can make lump sum investments in smallcaps, which are undervalued after the recent sell-off. Edited excerpts:
How will the geopolitical tensions between Iran and US impact India?
It is tough to predict how the geopolitical situation will pan out. However, crude oil going up is negative for India. If the situation deteriorates further from here, it will impact equity markets, the rupee and also the fixed income markets.
Source: The Economic Times