Despite the subdued global cues from the foreign markets, the Indian stock market has given a pretty decent return of almost 13% to investors in the past month. However, Hemang Jani, the equity strategist & senior group VP of Motilal Oswal Financial Services — an Indian Brokerage house — has warned Indian investors to be cautious while investing.
In an interview with the Economic Times, Jani said, "Don't buy everything which is down 40-50%, it will be good to filter out some names where the business model looks a little better, the management pedigree is better, or one can also look for a two-three-year kind of investment in some of the names."
