If there is an earnings-led recovery, there could also be some scope for PE multiple expansion, Manish Sonthalia, Chief Investment Officer and the Director of the India Zen Fund, Motilal OswalNSE -2.58 % AM-PMS, tells ET Now.
Edited excerpts:
The last time we chatted about two-three weeks back, you said the midcap carnage was going to be over in a wee. It has, really. We have seen 5-7% recovery since we last spoke for both the ..