Markets have seen a volatile few weeks as investors dumped mid-and small-cap stocks amid concerns raised by regulators. PRAMOD GUBBI, co-founder, Marcellus Investment Managers tells Puneet Wadhwa in an in-person interview that given the macroeconomic strengths, the market is pricing in a reasonable earnings growth and hence justifying current valuations. Edited excerpts:
Do you think foreign flows into Indian equities will thin in the remaining part of 2024 as China and Japan become more lucrative options?
Whilst we look at foreign money as a block, foreign portfolio investors (FPIs) come in various shapes and forms – with different mandates and