Volatility means different things to different investors. A long-term investor sees high volatility as a signal to keep away from further investments due to lack of directional clarity.
India will underperform in the medium term due to Foreign Institutional Investors (FIIs) selling and premium valuations compared to its emerging market (EM) peers. However, we feel that it is a good time to consider stock ideas in the small caps category with value buying as the theme.
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