Raamdeo Agrawal's views on Indian stock market in 6 simple points.

Raamdeo Agrawal in an interview on Monday with CNBC - TV18 mentioned some important points. Let us break it down pointwise in simple language.

1. Market nearing Bottom: He mentioned that the market is close to bottom but the recovery won't be V-shaped. This means the kind of upmove in the market we saw in previous years may not happen. Recovery will be slow.

2. Nifty has become cheaper. Previously the PE was 23-24, now it is below 20.

3. Mid & Small Cap: Mid and Small Cap that went up 70-80% have now fallen 25-30%. Which is considered a healthy correction.

4. Positive Q4 - Q4 meaning the last quarter (Jan-March '2025) will be better because of, Government spending, Credit flow, and better GDP growth.

5. Zomato & Swiggy: Raamdeo Agrawal is interested to see how Zomato & Swiggy perform going ahead as there is less competition and an entry barrier in the Quick Commerce segment. He is positive as they are trading at lower levels and Zomato is about to enter Nifty50 on 28th March.

6. Promoter Holdings: 2024 has seen massive promoter selling. In Raamdeo Agrawal's view in two to three months, the promoters may start buying their own shares at a cheaper rate. The best thing to do will be to track such companies where owners are buying their own shares.

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