Election results to impact price performance over next 12-18 months: Nilesh Shah, Kotak AMC

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Key Points

Domestic and global investors, retail investors, and HNIs are buying, and supply has not appeared in the secondary market sale, QIPs, OFS, nor IPOs..

The Indian market is an oasis in the global desert, with the world tackling inflation and struggling with growth; India has regulated inflation and maintained positive growth rates..

Nilesh Shah, MD, Kotak AMC, says today we have seen buying from domestic investors, global investors, retail and HNIs and the supply has not emerged..

Shah further says: "Our valuations are fair but over the next 12 to 18 months, apart from the valuation, election results and such events will continue to impact the price performance...

Over the next 12 months, we will be going into a central election and there are various scenarios possible as in 2004 where markets corrected after the results or 2009, where markets went up after the result or 2013-2014 where markets started progressing slowly and steadily well before the election...

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