Small and midcap stocks have turned bearish, with some plunging over 20% in a short span. In March 2024, Buch warned of high valuations, cautioning against market froth. “Some call it a bubble, some call it froth. It may not be appropriate to let it keep building,” she stated, highlighting risks in these sectors.
Avoid euphoric valuations, keep cash for better entry points: Pankaj Tibrewal
Pankaj Tibrewal of IKIGAI Asset Managers finds current valuations too high for new investments. Defence sector valuations are especially prohibitive. Cement sector, particularly in South