The Economic Times

ETMarkets Smart Talk | Two-year market consolidation may set stage for next bull run: UTI AMCs Ajay Tyagi

Tyagi, however, remains cautious on pockets of the mid- and small-cap universe, where valuations are above long-term averages. He sees large caps as relatively more attractive on valuations, while advocating selective, bottom-up stock-picking in the broader market. Edited Excerpts