Rising oil prices are a worry, but power and oil PSUs are going cheap. In an interview with Prashant Mahesh, Sankaran Naren, executive director, ICICI Prudential Mutual Fund, said broader markets are fully valued, mid- and small-caps, and quality stocks are overvalued, and investors should look for moderate returns.
Edited excerpts:
After the correction in February and March, the markets rebounded in April and the Nifty trades a ..