Broad valuations do not really look like something which will drive you to buy the whole of the market. Wherever we need to pursue growth, we will pursue growth at a reasonable price and there are certain value oriented ideas which we are focussed on. It is not significantly backed by very compelling data both at the macro level or even at the micro company level. As of now, things are more like status quo in terms of some of the sectors which do have the momentum. I do not really think that transitions at any of these larger enterprises will become an issue.

Source: Economic Times February 21, 2017 07:37 UTC