Valuations higher than what growth warrants; pick stocks carefully in this market: Shreyash Devalkar

Fund Manager Shreyash Devalkar notes that while macro factors like US flows and controlled inflation support the market, valuations, especially in the IT sector, appear high relative to growth. He emphasizes careful stock picking, highlighting that large caps are reasonably valued if GDP growth accelerates, while mid and small caps exhibit higher growth but elevated valuations.