Good time to invest in cyclical, growth stocks: Satish Menon of Geojit

Valuations are high and can impact the market performance in the short-term.

Growth-oriented stocks and sectors will do well going ahead, and hence, shifting from highly valued stocks and sectors is advisable, says Satish R Menon, executive director at Geojit Financial Services in conversation with Swati Verma. Edited excerpts:

Equity benchmarks are near all-time peaks but only a handful of stocks have lifted the market higher. The Reserve Bank of India (RBI) also surprised in its last review of the monetary policy. What is your take on these developments?

The economy has been in the slow lane for the last two years. Still, we had enough liquidity in the market which was flowing