The well-known popular stocks are trading at high PE and expensive valuations. So, the opportunity there is not much. FIIs are making the mistake of going after stocks that do have strong fundamentals. These are the typical bull-market stars, and we would like to caution investors to stay away from these, says Dr. Vikas V Gupta, CEO & Chief Investment Strategist at OmniScience Capital.
Gupta has over 15 years of experience in Indian financial markets. A B.Tech from IIT Bombay and a Masters and Doctorate from an Ivy League University—Columbia University, New York, Vikas incubated the global listed equity vertical of a multi-asset class investment management firm, obtaining, perhaps, the first US SEC license for an Indian firm.