High valuations could impact near-term market performance. Thorough research is crucial to uncover investment opportunities in the growth space.Many mid- and small-cap growth stocks are becoming expensive. It has to be accompanied by the ability to deploy higher sums of capital at these higher rates to generate higher growth,” says Paharia. Rather than worrying about a potential 25-30% correction, it’s wiser to remain invested in companies with strong growth drivers. This is aided by government support, Internet and smartphone penetration, availability of affordable data plans, rising mobile advertising and strong growth prospects of digital commerce.

Source: The Times October 08, 2024 01:39 UTC