Posted on 2020-03-18 19:02:00
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"If Indian stocks, the blue chips I am talking about, are selling at 40-50 price-to-earnings ratios, I think the market has a significant downside risk, given that the coronavirus is destroying the entire conference industry, the entire travel industry, business travel, the hospitality industry.
For a while, nobody is going to travel. So I am telling you India is as vulnerable, if not more, than other markets."