Markets Resilient; Earnings & Growth Not Secure: Harsha Upadhyaya
  • Elizabeth George
  • Oct 09 2013

October 9: Markets have been quite resilient given the macro conditions, says Harsha Upadhyaya, Head of Equities at Kotak Mutual Fund. This is because there is valuation comfort at lower levels with markets trading 30-40 times cheaper now, he says. However, he urges investors to maintain a balance between defensives and cyclicals.