Be selective in stock picking; HFCs still look good: Karthikraj Lakshmanan, BNP Paribas MF

Karthikraj Lakshmanan, Senior Fund Manager- Equities at BNP Paribas MF says that the domestic market are trading at multiples which are above the long-term averages by a good margin. In an interview to ET Now, Lakshmanan said investors should be selective in buying stocks. Excerpts:

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