In a stock market where nerves have been rattled by a slowing economy and a crisis in the lending sector, Axis Asset Management Co. believes it is worth paying more for shares of high-quality companies.
“What is doing well and has the potential to keep doing well will be reflected in stock prices,” said Chandresh Nigam, chief executive officer of the fund house, which manages one trillion rupees ($14 billion) of assets. “It is a winner-takes-all market.”
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