Stock Market Fall: Raamdeo Agrawal says we are ‘very close to bottom’ but recovery will not be vertical
Market veteran Raamdeo Agrawal of Motilal Oswal Financial Services believes that the market is close to a bottom, but highlighted that just as the market fall has been gradual over the last five months, the recovery will be equally gradual and not V shaped.In an exclusive interaction on CNBC-TV18 on Monday, March 3, Agrawal mentioned that the market is seeing a healthy correction after four years of relentless outperformance. He also mentioned that the correction has taken the Nifty multiple down to below 20 times price-to-earnings from 23-24 times earlier."If...