Good time to invest in equities: Vallabh Bhanshali

Vallabh Bhanshali, Chairman of Enam Securities, sees no serious selling and feels this is a good time to invest in equities. He feels that the volatility in the market is reducing and that has prevented investors from buying. He said that concerted global monetary and fiscal action was a positive cue. He added that costs and working capital have fallen drastically and that was another positive cue for the market. He believes prices have become very attractive from a long-term perspective.

Bhanshali said that the company was very confident about investor-fear giving way to evaluation and added that he has not changed his long-term fundamental view about strong companies.

Bhanshali feels that short-term investors would continue to be cautious.

Bhanshali fears that projects stuck half way are going to suffer but said that planned projects would do well. He added that big companies would find it easier to tap capital in the next few months. He feels companies are confident about managing their bottomline due to falling costs.

Source: Moneycontrol