IT and telecom will do well in the medium term: Vinay Paharia of Union AMC

Following the sharp rally in the markets, valuations have slipped into the premium territory, according to Vinay Paharia, Chief Investment Officer, Union Asset Management Company. In an interview to Samie Modak, he says the outlook for equities remains favourable on the expected rebound in the economy. Edited excerpts: Do you think the markets have run ahead of fundamentals? Based on our internal analysis, markets are trading at a small premium to their current fair value. This value is likely to compound strongly, driven by economic growth. Therefore, we remain optimistic about in.....

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