Prashant Jain Warns Against Overvalued Smallcap, Midcap Stocks

• Prashant Jain, Founder and CIO of 3P Investment Managers, advises caution on certain stocks.
• He highlights that smallcap and midcap shares have seen valuations significantly outpace fundamentals.
• This overvaluation is attributed to the rally that occurred post-Covid.
• Jain believes the market's adjustment process is still ongoing and not yet complete.

Why It Matters: Prashant Jain warns investors to avoid overvalued smallcap and midcap stocks post-Covid rally.