Markets in resting phase, be watchful of correction in momentum stocks
Thu, Mar 28, 2024 6:40 PM

Markets in resting phase, be watchful of correction in momentum stocks

A Flip by Riya Sharma
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Investors are drawing a lot of money from the secondary equities markets, with several momentum stocks giving ‘sell’ signals. Umeshkumar Mehta, CIO of Samco Mutual Fund, says it’s better to stay away from the stocks that have recently soared a lot since those might see a sharp correction. In a conversation with Moneycontrol, Mehta spoke about where he sees momentum stocks in the current market.

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