We Don’t Need Lottery Ticket Sellers as Options Traders: Prakash Kacholia | Interviews

Markets are having trouble sustaining higher levels. Prakash KacholiaManaging Director of Emkay Global Financial Services, says Puneet Wadhwa in an email interview that a significant portion of future outperformance could come from the small- and mid-cap (SMID) space, where earnings are rebounding faster and there are still pockets of reasonable value. Edited excerpts:

How do you assess the market forecasts over a one-year period?

Looking ahead to the year, we expect muted returns from the markets. While earnings growth is expected to materialize, current valuations appear stretched, making a time correction likely. Investors may want to consider holding