Rajeev Thakkar, CIO & Director, PPFAS Asset Management Shares Mutual Fund Trend Insights

"I have seen consumption-oriented names in 2003 trading at early teen multiples. These have shot to triple-digit multiples now. The second segment is new age or loss-making companies," says Rajeev Thakkar, CIO, and Director speaking to BTTV’s Aabha Bakaya at the BT  Market Today Summit. He added that new-age companies, even after a 20-30% fall, are still not attractive in valuations. "One segment which has been largely ignored and has been underperforming for decades is the PSU space. This time around the privatisation intent seems to be real. For a long time, Air India privatisation was spoken about but now it's happening," he added.