Anil Singhvi expects correction to continue in mid and small cap shares, says large cap stocks safer now; recommends to take fresh position in broader markets shares later

In the special edition of Editor’s Take, Zee Business Managing Editor and market guru Anil Singhvi said the valuations of Midcap and Small-cap shares are expensive at the current juncture and perhaps there would be a correction in the broader markets.

The market guru, in this regard, advises investors for a new entry after correction in Midcap and Small-cap shares. He further suggests to 'Hold' good quality mid and small-cap shares and book profit if the shares of these mid and small-cap companies are rallying only because of the market surge.

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Singhvi says, the large-cap stocks look more safe than mid and small-cap and the market might see some correction in them, however, this doesn’t make them bad, but perhaps have become overboard and there would be an opportunity to make a fresh entry in these stocks.

Buying in heavyweights is huge and that’s perhaps because at life high levels the market, Singhvi adds, stating further the risk-reward ratio during such is always in focus and at present cheap valuation shares in mid-cap and small-cap is very less now. 

The managing editor believes, investors should not be upset with mid-cap shares, despite the bull run in large-cap stocks, he adds, the weak broader market shares would get corrected and come to the right valuations eventually.