Homevideos Newsmarket News

    Financials look attractive; new-age companies not cheap: Ashmore Investment

    videos | IST

    Financials look attractive; new-age companies not cheap: Ashmore Investment

    Mini

    The new-age companies are not cheap but there is tremendous growth potential, said Ashwini Agarwal, co-founder & partner of Ashmore Investment Management India LLP, on Tuesday

    The new-age companies are not cheap but there is tremendous growth potential, said Ashwini Agarwal, co-founder & partner of Ashmore Investment Management India LLP, on Tuesday, adding that “select stocks are approaching prices where they appear to be reasonably attractive.”
    However, he said that his firm remains positive on the financial sector as credit offtake will improve from hereon.
    On IT space, Agarwal said that the IT sector is well-placed in the post-COVID-19 world and large IT companies are relatively cheaper compared to midcap IT companies.
    He further said that the valuations may be expensive but IT companies will deliver strong results.
    For the entire interview, watch the video
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    next story

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng