As investors chase mid-cap stocks, valuations get pricey
The relentless selling by foreign portfolio investors in the last couple of years has been largely concentrated in the large-cap stocks where the FPI holdings are higher. Domestic investors have, therefore, been chasing mid- and small-cap stocks where the selling intensity is lower. This has resulted in mid-cap stocks being very expensive
The relentless selling by foreign portfolio investors in the last couple of years has been largely concentrated in the large-cap stocks where the FPI holdings are higher. Domestic investors have, therefore, been chasing mid- and small-cap stocks where the selling intensity is lower. This has resulted in mid-cap stocks being very expensive
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