'Markets will remain fearful; there is scope for correction'

While most analysts are worried over possible hit on earnings from Covid 2.0 related lockdowns, value investor Raamdeo Agrawal finds it a great opportunity to buy unbroken franchises at broken prices. "After bad results, there would be very few investors who would say, boss you are a fantastic guy, you are suffering now and I will give you a high PE multiple. If your understanding of the company or the industry is better, then you must invest in them. It is great opportunity to buy unbroken franchises at broken prices," Agrawal, chairman and co-founder of Motilal Oswal Financial Services, said in a presentation recently.

Read more