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  • News From Press Stick to valuation or go with the momentum is a million-dollar question: Nilesh Shah

    Stick to valuation or go with the momentum is a million-dollar question: Nilesh Shah

    In investing, as long as there is one investor willing to buy without looking at price or valuation, the price can go higher and higher. We saw that during the Harshad Mehta bull run, says the Managing Director of Kotak AMC.
    ET Feb 22, 2020

    When I met you on the Budget Day, the market had fallen and it was a different conversation we had. Today, it is a different market we are looking at. Was the Budget Day price action real or today’s price action real? Because somebody got it wrong, and somebody got it right?

    On the Budget Day, we fell in line with the US and Chinese markets. On Saturday morning, we saw the US market correct 600 points, or 2 per cent and we were looking at Chinese market opening on Monday ..

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