Largecaps are finally 'attractive' again, but don't ignore the hidden gems in mid and smallcaps.
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Largecap stocks look attractive as earnings growth improves, says Chandraprakash Padiyar of Tata Asset Management.
- ✓While mid and smallcaps outperformed last year, he suggests investors focus on bottom-up stock selection.
- ✓Padiyar noted, "Bottom-up stock picking with higher concentration is the way to go in the foreseeable future" for long-term investors.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 6 Minute(s)
- Market Focus
- India Economy
After a year of midcap and smallcap outperformance, largecap stocks are beginning to look more attractive as earnings growth is expected to improve and valuations remain at or below historical averages.
However, the opportunity in the broader market is far from over, with selective midcap and smallcap companies continuing to offer potential for long-term investors.
In an interview with Kshitij Anand of ETMarkets, Chandraprakash Padiyar, Senior Fund Manager at Tata Asset Management, says investors should focus on bottom-up stock selection rather than making investment decisions based solely on market capitalisation.
He also highlights manufacturing as a promising wealth-creation theme, backed by improving cost competitiveness, strong balance sheets and ambitions to scale up globally.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
The Economic Times
Read the full, original unfiltered story directly on the publisher's portal.