Morning market quote : There are too many challenges for the market in the near-term Says Dr. V K Vijayakumar, Geojit Financial Services
Below Quote On Morning Market 20 September 2023 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
The hectic activity in the mid-and small-caps has pushed valuations in these segments to high levels. The sharp rise in many of these stocks has been driven by hope. It remains to be seen whether this hope will translate into reality. Execution challenges may arise.
Investors may adopt a cautious strategy of staying with high quality large-caps.
In the broader market, the valuations of reasonably good PSU banks like BoB, Canara Bank and Indian Bank are even now attractive."
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