Key Points
Sandip Sabharwal, asksandipsabharwal.com, says globally we are seeing some capping of movement on equity markets..
Now markets are facing some headwinds related to bond yield movements because the more the bond yields move up, the lesser the valuation of the equity markets ideally should be..
In October-November, if we get a deeper correction and if the markets give up around 1,000 points of gains, then we could be looking to start buying in terms of fresh allocations...
Results are encouraging and to that extent, we have also seen that reflected in the stock price up move where the stock actually moved up from Rs 50 odd levels to Rs 85..
I would think that despite such good performance in terms of pure stock price movement, gains in the near term might be muted..
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