Business Standard

Valuations not comfortable in context of interest rates: Janakiraman R

Valuations have definitely come off over the past three quarters, said Janakiraman

Janakiraman R
Premium

Janakiraman R

Samie Modak
When seen along with interest rates, current valuations look better than three quarters ago, but not as comfortable in absolute terms, says Janakiraman R – VP & portfolio manager, emerging markets equity - India, Franklin Templeton. In an interview with Samie Modak, he says small-caps are more attractive than large-caps but only from a three-year investment horizon. Edited excerpts:

Do current valuations offer any comfort?
Valuations have definitely come off over the past three quarters. Current valuations, across market-cap segments, are much closer to the long-term averages. There is clearly comfort on this front. At the same time, interest rates have risen

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in