Valuations are a little bit stressed: Centrum Wealth Managers Ltd

Mehraboon Irani, Sr VP, PMS, FCH, Centrum Wealth Managers Ltd, in a chat with ET Now talks about markets.

How are you placing your bets right now in terms of advising clients? Are you advising clients to actually stay out and not be too focussed into getting into specific stocks right now or you do have specific picks for them?

Of course yes. We have got specific stocks for them and being the fund manager of portfolio management services or of a mutual fund, frankly it is very difficult to sit out of the market. So while there could be those people including possibly me sometimes, sometimes I question myself: Are not the valuations a little bit stressed, 17-17.5 times 2010-2011 earnings.