Ashwini Shami of OmniScience Capital sees this market consolidation phase as an accumulation window for disciplined, long-term investors to deploy capital into high-quality growth opportunities available at attractive relative valuations.
New-age stocks may not offer an attractive investment proposition at current levels, with valuations remaining stretched even after factoring in aggressive multi-year earnings growth expectations, Ashwini Shami, President and Chief Portfolio Manager at OmniScience Capital, said.