Q2 earnings a mixed bag; invest in coming with good numbers, reasonable valuations: Sachin Shah

In a chat with ET Now, Sachin Shah, Fund Manager, Emkay Investment Managers, talks about the advice his brokerage house is giving to its clients.

ET Now: What are you telling clients to do? Are you advising investors to take some money off the table because of a likely corrections that might come in because the market is not holding on to good news, the earning season is not the best and there is an overhang of the Bihar verdict in the next couple of weeks?
Sachin Shah: Yes. The earning season is more like a mixed. We have seen a few results delivering well. Some companies have disappointed us as well. So the Q2 earnings season has been a mixed bag. But there remain few opportunities to invest in. There have been few results where the companies that have delivered good numbers in spite of no major tailwinds. So, we are more focusing on those companies where we feel the valuations are reasonable.