Sohum's Sanjay Parekh sees buying chance in large caps
In short
Sohum Asset Managers founder and CIO Sanjay Parekh said the recent market fall has already accounted for global risks.
He said that makes large-cap stocks, and the upcoming Jio Platforms public issue, look like a buying chance. The report does not say how much prices may move or when to act.
What the reporting says
Sohum Asset Managers founder and CIO Sanjay Parekh said the recent market correction has already priced in global risks, according to a CNBC TV18 Market summary. He said this creates a prime buying opportunity in large-cap stocks and in the upcoming Jio Platforms public issue. The reporting does not give a price level, timeframe, or any transaction decision.
Why it matters
Sohum Asset Managers' Sanjay Parekh said the recent correction has already priced in global risks, based on a CNBC TV18 Market summary. He pointed to large-cap stocks and the upcoming Jio Platforms public issue as opportunities. The report does not state what global risks were meant, how large the correction was, or whether any investment action has already been taken.