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Need to take a stock specific approach now, says TS Anantakrishnan

One needs to take a stock specific approach and there is opportunities in sectors which everybody was in but have fallen," said TS Anantakrishnan, CEO, Varanium Capital Advisors.
“Most of the midcaps had done extremely well last year, they were up anywhere between 55% and 60% on a broad index basis," he said.
The valuation metric, the premium with respect to largecap was north of 1.5-1.6, that has come down to 1.28, it is still a significant premium as far as the valuations of midcap index, he added.