Friday, June 06, 2025 | 08:22 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Valuations not comfortable in context of interest rates: Janakiraman R

Valuations have definitely come off over the past three quarters, said Janakiraman

Janakiraman R
premium

Janakiraman R

Samie Modak
When seen along with interest rates, current valuations look better than three quarters ago, but not as comfortable in absolute terms, says Janakiraman R – VP & portfolio manager, emerging markets equity - India, Franklin Templeton. In an interview with Samie Modak, he says small-caps are more attractive than large-caps but only from a three-year investment horizon. Edited excerpts:

Do current valuations offer any comfort?
Valuations have definitely come off over the past three quarters. Current valuations, across market-cap segments, are much closer to the long-term averages. There is clearly comfort on this front. At the same time, interest rates have risen