Investment cycle, not quarterly earnings to drive volume growth going forward: Mayur Patel
Mayur Patel discusses the positive equity market outlook despite premium valuations. Short-term risk has increased in small and midcap space, leading to potential downside. BSE Sensex trading at 3.7x P/B with 18% premium. He says "quarterly earnings will not be very relevant in terms of evaluating the outlook of the market or the economy. "
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