I am a serious buyer in the mid-cap segment: Equirus Capital's Ajay Garg

Given the resounding mandate that the Narendra Modi-led government received, we expected the first half of the fiscal year 2019-20 to be much better than what it is now, says Garg

The markets have mostly been a one-way street wince the presentation of the Union Budget in July. AJAY GARG, managing director, Equirus Capital tells Puneet Wadhwa and Swati Verma that given the resounding mandate that the Narendra Modi-led government received, he expected the first half of the fiscal year 2019-20 (H1FY20) to be much better than what it is now. The market, he says, has been underestimating the impact of how the corporate results will play out. Edited excerpts:

What's your take on the on-going correction in the market?

The market correction has been much sharper than anticipated. Given the