Mouthwatering valuations amid hopes of subdued consumer demand due to falling income and job losses have put equity investors in a fix on Dalal Street.
Ace stock picker Prashant Jain says consumption has been the main casualty of the lockdown. Yet, he said the market is looking attractive in terms of market cap-to-GDP, which is currently hovering at 60 per cent.
“Whenever you have invested in India at these levels, the market has delivered healthy returns over the next 3-5 year ..
