Real estate prices likely to start recovering in select micro markets, projects, report It expects office leasing to remain muted over the next 2-3 quarters as occupiers are currently focusing on recalling employees back to office, which will take at least 4-5 months.
Near-term market correction unlikely; Reliance can go up 20%: Rahul Shah “The Reliance valuations are justifiable and the stock has moved up in the last couple of months. Another 15%-20% movement is still warranted from Reliance in near term.”
Where to look for new wealth creators? Raamdeo Agrawal answers “Traditional consumer companies will continue to keep going at 12-15%, whereas consumer tech companies will grow at the rate of 40-50-60% and maybe even 100% for a few years and then operating leverage will kick in and they will grow slower. The next 10 years are the most exotic time for the digital companies. ”
Market will correct and mini crashes are likely; retail participation has ensured there is no blood on the Street: Raamdeo Agrawal “FIIs are selling shares worth billions of dollars in the last one week but still markets are refusing to bow to them. With billion dollar sales, there should be blood on the Street, but there is no blood on the Street.”
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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