A screen displays a financial data graph. (Photographer: Alex Kraus/Bloomberg)
It is important to not sell companies that are doing well simply because valuations seem to be stretched, according to Morgan Stanley’s Swanand Kelkar.“If operating momentum is in your favour, one should hang on to investments,” Kelkar told BloombergQuint on a special series—Navigating Through Uncertainty. “If only high valuations would have been the benchmark for selling, India’s most respected bank would not be in anybody’s portfol...