Key Points
Financials continue to trade at valuations below their historic average and could be a dark horse, as also pharma and chemicals, says Satish Ramanathan, CIO - Equity, JM Financial Asset Management...
In an interview with ETMarkets, Ramanathan said: In FY25, Indian equity markets will have three walls of worry to cross- Domestic elections, Monsoons, and food inflation, and finally US elections and outcome on trade relations,..
Satish Ramanathan: The returns in FY24 have front-ended some of the returns of FY25 and valuations are currently above the 10-year average across several sectors...
Satish Ramanathan: The recent correction in the mid and small caps was primarily on account of a sharp rise in valuations and not due to a deterioration in fundamentals...
Satish Ramanathan: Post-elections there is a general euphoria in markets which then quickly dies down as the government gets to decision making...
