Buy The Pessimism, Sell The Optimism, Says Emkay Global’s Krishna Kumar Karwa

Investors should part with their money only if they feel the underlying valuation of the stock is worth it, Emkay Global MD says.

Mahima Kapoor @mahimakapoor12

09 Jun 2020, 02:05 PM IST

Pedestrians walk along a near-empty street near Crawford Market during a lockdown imposed due to the coronavirus in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Recovery in Indian equities isn’t going to be a straight line and will see bouts of volatility and uncertainty, said Krishna Kumar Karwa, managing director of Emkay Global Financial Services, at a time when the nation’s indices have recovered by more than a third since their lows in March.The correct way to invest in such a market is to buy the pessimism and sell the optimism, he told BloombergQuint in an interview. “Currently as we ...