Fund Manager Talk | Defence stocks rally shows FOMO taking over rationality, says Kotak’s Atul Bhole
The recent ferocious rally in defence stocks post the recent skirmish is yet another example of greed or FOMO taking over the rational investing behavior, says Atul Bhole, EVP & Fund Manager, Kotak Mahindra Asset Management Company.”Since Operation Sindoor, defence stocks bounced back significantly and are again trading at much higher valuations than can be…