Stock selection key as earnings and valuation gaps widen: Tata MF’s Chandraprakash Padiyar
A quarterly results development with market-wide reach.
· Economic Times Markets
Stock selection will be critical for investors as earnings and valuation gaps widen across large-, mid- and small-cap stocks, according to Chandraprakash Padiyar, senior fund manager at Tata Asset Management. Padiyar said valuations look expensive in some pockets but reasonable in others, making earnings and cash-flow growth key filters in a more volatile global environment.
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- Sector exposure: Banks, Auto.
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