The big talking point has been the catch up broader markets are playing. Do you think if earnings don’t improve all that much then this kind of rally would potentially be unjustified?
Pankaj Tibrewal: Since January 2018, both mid- and smallcap segments have underperformed largecaps by quite a margin. Smallcaps have underperformed to the tune of 50% and midcaps have underperformed to the tune of about 35% versus Nifty. Since October we are seeing the bre ..