Buy on dips the right strategy now and will continue for some time: Amisha Vora

Amisha Vora, Chairperson & MD of Prabhudas Lilladher, said it could be a buy-on-decline market from now on for quite some time. Vora believes defence stocks will continue to do well over the next one to three years, and emerging markets will see a trade compared to developed markets over the next 12 months. Vora recommends buying franchise businesses with cash flow generation and being very selective in midcap and smallcap companies.