India's fundamentals are improving as earnings growth is showing promise after seven complacent years, feels Nischal Maheshwari , head, institutional equities, EdelweissBSE -3.11 % Securities. With global growth recovering, there is a strong investment case for IT companies while financials and stocks in the infrastructure space should be accumulated as valuations are now reasonable, he told Rajesh Mascarenhas on the sidelines of Edelweiss India conference.
Edited excerpts:
How are you reading the market down move? Don't you think the market is stretched?
I am not overly worried about the recent correction. Yes, the pace of decline is certainly sharper than one would have anticipated, but I would consider such a correction, post the sharp run up, as a healthy one and that which typically occurs in almost all bull markets.
