For Beaten Indian Small Caps, Patience Is Virtue, ICICI Says
This article is for subscribers only.
India’s battered small-capitalization stocks will eventually make a comeback for those investors willing to wait, according to ICICI Prudential Asset Management Company.
Sankaran Naren, who helps manage 3.4 trillion rupees ($47 billion) as the chief investment officer at the firm, said that the shares look interesting now and are well positioned to deliver results in three to five years.