IT & FMCG offer good value now; bide your time in pvt banks, chemicals: Nilesh Shah

Nilesh Shah of Kotak AMC advises focusing on quality over momentum in stocks and advocates for high-floating stocks and diversified ownership shares. He emphasizes the current reasonable valuations in the IT and FMCG sectors while suggesting a wait-and-watch approach for private banks and chemicals. He cautions against overpaying for small-cap stocks driven by market froth.