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Podcast: The Morning Brief
Episode: Prashant Jain's Reality Checks on the Markets Bull Run, IPO Valuations and More
Description: Is India’s stock market truly overheating, or is this simply the new normal? From stretched small- and mid-cap valuations to the frenzy in consumption, manufacturing, defence and a flood of IPOs, this episode unpacks the signals and the noise. Host and ET’s markets editor Nishanth Vasudevan talks to veteran fund manager Prashant Jain, co-founder and CIO of 3P Investment Managers, who argues that today’s markets are still far from the euphoric highs of 1992, 2000 and 2007. Jain also weighs in on the global AI bubble, India’s market resilience, and why he believes large caps could be the most sen...