Mid and smallcap stocks show signs of excessive valuations; fundamentals key to long-term recovery: Amnish Aggarwal

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Now as far as the cyclical factors are concerned, which today are visible in some of the segments, maybe due to food inflation, maybe due to the commodity inflation, so that will go away, maybe you can say 3Q was the worst, 4Q might show a little bit better numbers than 3Q.

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