For global brokerage firm CLSA, low margin of safety and mean reversion are derating risks for Indian equities. “A simple valuation mean reversion anchored on bond yields indicates fears of 30% downside in the Nifty,” CLSA warned in its India market strategy report.
India’s macro is robust, but markets lack clear value pockets: S Naren
So, I would say that we have actually a 12-years of a big bull market, means that people want to actually take a lot of