Market fairly valued, volatility to continue: ASK Investment managers

In a Q&A, Prateek Agrawal, who is also the firm's CIO, says given the strength in overall earnings as seen in FY24 EPS outlook, the direction of the market is likely to be positive

At the current juncture, the market is valued fairly and the world is embarking on liquidity tightening measures in the face of high inflation, says Prateek Agrawal, Business Head & Chief Investment Officer, ASK Investment Managers. In an interview with Ashley Coutinho, he says volatility should be expected to remain higher than usual. Edited excerpts:

What is your equity outlook for the coming months? What are the key triggers to watch out for?

Over the last two years, markets were bouncing back from lows; there was valuation comfort and there was a support of strong earnings growth. Easy liquidity scenario