Amidst market sell-off, is it the right time to bottom fish?

Post the Union Budget on July 5, the Sensex has tumbled by 5% due to policy disappointment and FPI outflows

Published 2 years ago on Jul 31, 2019 2 minutes Read

Samit Vartak, Founder and CIO, SageOne Investment Advisors

Minimal investor expectation is almost always good for future return. Current valuations are close to the low valuations prevalent in early 2013. They are not anywhere close to what we saw in late 2008 and early 2009, but at the same time the book earnings during that period were inflated compared to the cash flows. Today, they are pretty deflated and more real. If you leave out the good quality large cap B2C companies (such as brands, financial services, paints), more than reasonable value or even deep value has emerged in many good quality B2B manufacturing businesses such as niche manufacturers, specialty chemicals, auto ancillary and 


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