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'Enthusiasm over recent IPOs reflects excess liquidity, improved sentiment'

Investors should focus on the company prospects, its fundamentals and valuations and not be concerned with primary or secondary issue, says Poonam Tandon of IndiaFirst Life

Poonam Tandon, CIO, IndiaFirst Life
Poonam Tandon, CIO, IndiaFirst Life

As the results season for the second quarter of the fiscal 2020-21 (FY21) gets underway this week, POONAM TANDON, chief investment officer (CIO) at IndiaFirst Life tells Chirinjibi Thapa that for the market rally to be sustain, earnings will have to be justified eventually, which might take a few quarters. Edited excerpts: Do you consider the rally in global equities from March lows healthy? The crash in March was clearly a knee-jerk reaction to the risk of unknowns thrown by the Covid-19 pandemic. Generally, such panic reactions result in excessive corrections and, as clarity ...