Book profits now or stay invested? Nilesh Shah’s take

For medium term and long-term investors, we can endlessly argue that markets are expensive. We can make a case that stock valuations are above that comfort zone. But when you have so much liquidity, both local and global, then is it wise to come out of the market or book your profits or not stay invested because liquidity can take this market higher before it peaks out?

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Offering CollegeCourseWebsiteIndian School of BusinessISB Chief Digital OfficerVisitIIM LucknowChief Executive Officer ProgrammeVisitIIM LucknowChief Operations Officer ProgrammeVisitNilesh Shah: Undoubtedly markets can remain irrational more than you can remain solvent. And it is not that Indian markets barring few certain categories are looking at all-time high valuation or very expensive mode. Yes, one can say that Indian investors are like Indian cricket spectators. When the Indian cricket team is winning all the matches in T20, we are expecting them to go and win the World Cup.