Raychaudhuri said that many sectors are appearing fully valued but no collapse is likely. He is positive on the markets for 2008. According to him, midcaps are playing catch up with largecaps due to huge valuation gaps. He added that IT, some engineering and construction largecaps have bidding advantage for large, high margin projects.
“The is plenty of money from both, international and domestic investors, waiting on the sideline,” Raychaudhuri said.
Excerpts of CNBC-TV18’s exclusive interview with Manishi Raychaudhuri:
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