'Valuations high in most sectors, barring a few like Financials'

The current market valuations appear elevated across most sectors, barring a few like Financials. At Quantum AMC, We have reallocated some capital from expensive sectors like Consumer Discretionary to private sector banks. Many portfolio companies have crossed our fair value estimates, leading to relatively higher cash levels. Higher cash and increasing weight in relatively cheaper market segments would position us well for the long term.

This article was originally published on November 06, 2024.