 "Mahesh Chowkani, Director, Enam Holdings")
In an exclusive chat with Vishal Chhabria and Hamsini Karthik, Manish Chokhani, director, Enam Holdings and a long-time observer of Indian equities says investors should brace for volatility, and keep some cash. While pointing to the current bull-run in mid- and small-cap stocks, he advises that only those investors with appetite to absorb shocks participate in this space. He also expresses his worries on currency valuations and pre-empts that the global economic weakness will be solved only through currency realignment. Edited excerpts:
How much leg does the post-budget rally have?
It’s a case of liquidity overtaking fundamentals. This year’s budget was about
