Gurmeet Chadha says: "We are more constructive in non-financials. The way we are adding 25 lakh investors every month in capital markets. So the depository, the RTA agents, the AMCs are in my view better play and probably more structural and more asset light vis-a-vis some of the other financials. For NBFC and banks, you will possibly have to wait it out till the rate cut starts. In Paytm, we are seeing speculation. It is not investing because you do not know how deep the concern is."
India Business News: Paytm share price today: The roller-coaster journey of One 97 Communications, the parent company of Paytm, continued as its shares surged up to 9% to
The virtual event delved into early investing, AI-driven strategies & gender-inclusive finance, offering roadmap for navigating the financial landscape in 2024.
Gurmeet Chadha says "it is not that Infosys and TCS are cheap but Infosys already trades at probably 25 times FY 25 and TCS upwards of 30 times. So, a bit of short covering might also happen, especially with respect to Infy. You have got to be selective in IT."