Don't overpay for a stock even if the company is excellent: Neelesh Surana

Overpaying for a stock even if the company is in an excellent business and has good management does not work, said Neelesh Surana, chief investment officer, Mirae Asset Investment Managers. In an interview, the top-performing fund manager talked about his investment philosophy, his outlook for the market and existing bets, among other issues. Edited excerpts: Do you think the market has run up too much at the moment? Markets are holding firm