Markets could see a time and price correction: Valentis Advisors MD

Returns in FY22 will be relatively more muted, but still healthy in the low double-digits, said MD Jaipuria

Lockdowns imposed across several cities in the backdrop of rising Covid cases has seen market analysts tweak their strategy. JYOTIVARDHAN JAIPURIA, founder and managing director of Valentis Advisors, tells Puneet Wadhwa in an interview that they have raised cash in their portfolio to over 10 per cent, which gives them some firepower to invest in a market downturn. Edited excerpts:
 
Is the risk-reward still favourable to buy stocks at the current levels?
 
After the sharp rebound in financial year 2020-21 (FY21), returns in FY22 will be relatively more muted, but still healthy in the low double-digits. Markets could