Some profit taking normal now; allocate assets carefully: Gurmeet Chadha

"There are still some pockets which deserve some merit with a medium to long term view. Our market cap to GDP now is well above 125%. We are 27 times earnings on a trailing basis, about 4.5 times book value. So on every parameter, things are slightly higher than long-term averages and some judicious asset allocation is probably the need of the hour."

from Markets-Economic Times https://ift.tt/3lDsvDt