High time investors look at value investing

Every investment theory works well part of the time and it is less successful at other times

Western “fashions” drive the Indian stock market for good reason. In this context, fashion of course, refers to investment models and theories rather than the length of skirts or the colour of socks. Indian investors tend to obsessively track and imitate the foreign portfolio investors (FPIs).
 
When the FPIs are chasing growth, Indian investors also focus on growth; when FPIs seek value, India looks at value. When FPIs approve of focussed single-business entities, Indian investors also fancy single-business entities. When FPIs are enticed by the chances of unlocking hidden assets on a conglomerate's balance-sheet, Indian investors are tempted by