Indian frontline indices have experienced a notable correction from their recent highs, with the broader market also witnessing a sizable decline from its peaks. This has fueled expectations that the correction might have brought stock valuations to more reasonable levels, as they have been trading at elevated levels for quite some time.
However, domestic brokerage firm Kotak Institutional Equities asserts that the recent correction has not created any meaningful investment opportunities in the market. It highlights that the disconnect between price and value remains significant across most sectors and stocks.
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