We don't need lottery ticket sellers as option traders: Prakash Kacholia

Kacholia said that going forward, a sizeable portion of outperformance may come from SMID space, where earnings are rebounding more quickly and there are still pockets of reasonable value

Markets have been struggling to maintain higher levels. PRAKASH KACHOLIA, managing director of Emkay Global Financial Services, tells Puneet Wadhwa in an email interview that going forward, a sizeable portion of outperformance may come from the small and midcap (SMID) space, where earnings are rebounding more quickly and there are still pockets of reasonable value. Edited excerpts:

What’s your outlook for the markets from a one-year perspective?
 

From a one-year perspective, we anticipate muted returns for the markets. While earnings growth is expected to materialise, current valuations appear stretched, making a time correction likely. Investors might consider