Why moving from deep cyclicals to IT and consumption makes sense now
“The insurance space has actually been an underperformer for the last one, one-and-half-years and following the Budget announcement also, there has been a sort of a correction. The valuations of the top-notch companies such as HDFC Life and SBI Life, etc, have become very lucrative. I would say that it may still lag in terms of outperformance but I would say that from a longer term standpoint these companies look good.”
