Good growth companies in digital with reasonable valuations

Raamdeo Agrawal, Chairman and Co-founder, Motilal Oswal Group, accepts that there has been a huge expansion in valuations of growth organizations in the digital space yet there is enough scope for further investment in this section. He stays persuaded that reasonably priced, good, high growth organizations will give great returns in the 5-year term in comparison with any other stocks.

He is consequently of the view that deep value stocks may have benefits over the more short term tenure of say 3 years, however all around evaluated digital organizations may in any case be in a better position to give better returns over the longer term.

Mr. Agrawal proceeds to correspond the pattern with the business he runs, being the broking business. Mr. Agrawal spoke of the sea change which the business has seen over the most recent 35 years. He says that the failures of the financial transactions of 1987, both, as regard prices as well as volume of transactions were tremendous.