Yesterday's laggards may be post-pandemic winners: IDFC AMC's Anoop Bhaskar

In a Q&A, the head-equities, Fund Management at the firm, says companies have proactively cut costs, so there may be a positive surprise on the margin front

With valuations no longer compelling, market corrections should be evident going ahead, says Anoop Bhaskar, Head–Equities, Fund Management, IDFC Asset Management Company. In an interview with Ashley Coutinho, he says small and mid-cap segments may reverse their underperformance if the pandemic does not register another peak and the economy revives. Edited excerpts: 

Indian equities have seen a sharp rebound from their March lows. The rally seems to be divorced from ground reality as the economy is likely to contract this year. What is your assessment of the same? 

The current market situation cannot be viewed in isolation from the lows made on