Why Sanjeev Prasad is not happy with market corrections, says there is froth in pockets

Sanjeev Prasad from Kotak Institutional Equities highlights that market corrections have not been significant, with valuations ranging from fair to frothy. He notes that beyond a few sectors like banks, most stocks struggle with high valuations. He stresses the challenges of understanding valuations in certain sectors and expresses concerns over profitability and multiple de-rating across industries.