Emil Wolter, Head of Regional Strategy, Asian Equities, ABN AMRO Bank would prefer to book profits in India. “Expectations here have jumped ahead of valuations. We have high expectations on materials, consumer durable and IT space.” Though he said he was positive on India for the long-term but won’t buy at current levels.
Source: Moneycontrol
DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.
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