Focus on biz fundamentals, not stock valuations: NSE Chief

National Stock Exchange MD and CEO Ashish Kumar Chauhan on Friday urged entrepreneurs to focus on building profitable and sustainable businesses rather than getting distracted by short-term stock price movements, saying that strong business fundamentals ultimately drive long-term market value.

Calling capital markets a key enabler of India's entrepreneurial growth story, Chauhan encouraged startups and MSMEs to view public listing as a strategic tool for scaling their businesses. 

Speaking at the JITO Incubation and Innovation Foundation's (JIIF) Foundation Day event at the National Stock Exchange, he said founders should concentrate on business operations and profitability rather than day-to-day movements in share prices.