In an interview with ET Now, Madhav Dhar, Managing Partner, GTI Capital, says that there is not enough pain in market for a meaningful upmove. For the market to go higher at 22 times earnings, either more fear or tremendous positive impetus is needed and both are absent.
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via Big action seen in 6-12 months as profit, economy and credit cycles catch up: Madhav Dhar, GTI Capital
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