Should the market stop worrying about Adani stocks? Chakri Lokapriya answers

The market has a good chance of going higher, according to Chakri Lokapriya, CIO & MD at TCG AMC. Despite flat two-year index returns, valuations are just 20 times for depressed earnings, indicating that the market is “not clearly an overheated market.” Assuming the economy revives and rates start to drop after the RBI peaks out, Lokapriya believes the market will pick up. In the QSR segment, KFC and Pizza Hut are experiencing significant traction, while Devyani International, in particular, is expected to do well.